Lam Research Corporation reported earnings results for the second quarter and six months ended December 24, 2023. For the second quarter, the company reported sales was USD 3,758.26 million compared to USD 5,277.57 million a year ago. Net income was USD 954.27 million compared to USD 1,468.51 million a year ago. Basic earnings per share from continuing operations was USD 7.25 compared to USD 10.8 a year ago. Diluted earnings per share from continuing operations was USD 7.22 compared to USD 10.77 a year ago.
For the six months, sales was USD 7,240.32 million compared to USD 10,351.69 million a year ago. Net income was USD 1,841.66 million compared to USD 2,894.39 million a year ago. Basic earnings per share from continuing operations was USD 13.94 compared to USD 21.21 a year ago. Diluted earnings per share from continuing operations was USD 13.88 compared to USD 21.16 a year ago.