Lam Research (LRCX) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the quarter, improving from both the immediately preceding quarter and the year-ago period. This marks a continuation of the recent upward trend.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q4
Revenue increased in the quarter, improving from both the immediately preceding quarter and the year-ago period. This marks a continuation of the recent upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+20.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.9B
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 |
|---|---|---|
| Sep 24, 2023 | $3.5B | -31.4% |
| Dec 24, 2023 | $3.8B | -28.8% |
| Mar 31, 2024 | $3.8B | -2.0% |
| Jun 30, 2024 | $3.9B | +20.7% |
Revenue performance
The company posted higher revenue sequentially and year over year, reversing prior declines.
Quarterly comparison
Compared to the prior quarter, revenue rose modestly. Versus the same quarter last year, revenue posted a strong increase.
What to watch
Monitor whether the revenue growth momentum can be sustained.