Lam Research Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 23, 2012. For the quarter, the company reported revenue of $860,886,000 compared to $583,981,000 a year ago. Operating income was $4,042,000 compared to $47,546,000 a year ago. Loss before income taxes was $9,348,000 compared to income before income taxes of $39,761,000 a year ago. Net income was $6,408,000 or $0.04 per basic and diluted share compared to $33,212,000 or $0.27 per diluted share a year ago. Net cash provided by operating activities was $193,226,000 compared to $169,016,000 a year ago. Capital expenditures and intangible assets was $38,924,000 compared to $26,682,000 a year ago. Non-GAAP net income was $77,278,000 or $0.45 per diluted share, compared to $97,013,000 or $0.53 per diluted share for the quarter ended September 23, 2012. Non-GAAP operating was $98,976,000 compared to $118,091,000 for the quarter ended September 23, 2012.

For the six months, the company reported revenue of $1,767,774,000 compared to $1,264,417,000 a year ago. Operating income was $20,754,000 compared to $146,945,000 a year ago. Loss before income taxes was $2,574,000 compared to income before income taxes of $127,087,000 a year ago. Net income was $9,176,000 or $0.05 per basic and diluted share compared to $105,050,000 or $0.86 per diluted share a year ago. Net cash provided by operating activities was $442,488,000 compared to $255,916,000 a year ago. Capital expenditures and intangible assets was $82,889,000 compared to $42,414,000 a year ago.