Lam Research beats FQ4 expectations; guides FQ1 above consensus
Lam Research press release  (NASDAQ:LRCX): Q4  Non-GAAP EPS of $8.83  beats by $1.50.
Revenue of $4.64B (+14% Q/Q)Â  beats by $430M.
Shares -1.3%.
U.S.Â GAAP gross margin of 45.3%,Â U.S.Â GAAP operating income as a percentage of revenue of 31.9%.
Non-GAAP gross margin of 45.2%, non-GAAP operating income as a percentage of revenue of 31.5%.

Q3 Guidance- Non-GAAP: Revenue $4.9B +/- $300M (vs. consensus $4.6B ); EPS $9.5 +/- $0.75 (vs. consensus $8.73)