Lam Research (LRCX) Revenue — Quarter Ended Sep 29, 2024
Revenue grew both sequentially and year over year. The company's top line reached a new high for a September quarter.
Key takeaway
Quarter ended Sep 29, 2024 · FY2025 Q1
Revenue grew both sequentially and year over year. The company's top line reached a new high for a September quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+7.7%
Change from the immediately preceding quarter.
Year-over-year
+19.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.6B
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 |
|---|---|---|
| Dec 24, 2023 | $3.8B | -28.8% |
| Mar 31, 2024 | $3.8B | -2.0% |
| Jun 30, 2024 | $3.9B | +20.7% |
| Sep 29, 2024 | $4.2B | +19.7% |
Revenue performance
The increase in revenue was accompanied by higher net income compared to the same period last year, reflecting robust operational results.
Quarterly comparison
Sequentially, revenue improved from the prior quarter. On an annual basis, revenue showed a substantial increase compared to the same quarter a year earlier.
What to watch
The company used a significant portion of its operating cash flow for share repurchases and dividend payments during the quarter.