Lam Research (LRCX) Revenue — Quarter Ended Mar 31, 2024
In the latest quarter, Lam Research's revenue increased modestly from the prior period. Compared with the same quarter a year ago, revenue declined slightly.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
In the latest quarter, Lam Research's revenue increased modestly from the prior period. Compared with the same quarter a year ago, revenue declined slightly.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
-2.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 25, 2023 | $3.2B | -30.8% |
| Sep 24, 2023 | $3.5B | -31.4% |
| Dec 24, 2023 | $3.8B | -28.8% |
| Mar 31, 2024 | $3.8B | -2.0% |
Revenue performance
Revenue grew on a sequential basis, indicating a positive quarter-on-quarter performance.
Quarterly comparison
Relative to the prior quarter, revenue increased. On a year-over-year basis, revenue was lower than the same period a year earlier, but the decline was much smaller than in recent quarters.
What to watch
A key focus is whether revenue can sustain its sequential growth trajectory.