Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Lam Research Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Dec 24, 2023	Sep 24, 2023	Jun 25, 2023	Mar 26, 2023	Dec 25, 2022	Sep 25, 2022	Jun 26, 2022	Mar 27, 2022	Dec 26, 2021	Sep 26, 2021	Jun 27, 2021	Mar 28, 2021	Dec 27, 2020	Sep 27, 2020	Jun 28, 2020	Mar 29, 2020	Dec 29, 2019	Sep 29, 2019	Jun 30, 2019	Mar 31, 2019	Dec 23, 2018	Sep 23, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017
Revenue	3,758,259)	3,482,062)	3,207,257)	3,869,569)	5,277,569)	5,074,121)	4,635,554)	4,060,416)	4,226,604)	4,304,465)	4,145,179)	3,847,654)	3,456,237)	3,177,080)	2,791,864)	2,503,625)	2,583,501)	2,165,746)	2,361,147)	2,439,048)	2,522,673)	2,330,691)	3,125,928)	2,892,115)	2,580,815)	2,478,140)
Cost of goods sold	(1,985,847)	(1,819,420)	(1,737,682)	(2,197,237)	(2,901,220)	(2,737,286)	(2,535,042)	(2,243,791)	(2,248,688)	(2,327,711)	(2,229,978)	(2,067,523)	(1,852,442)	(1,670,901)	(1,511,532)	(1,336,618)	(1,403,857)	(1,184,036)	(1,280,256)	(1,364,711)	(1,377,640)	(1,272,493)	(1,646,520)	(1,561,401)	(1,375,248)	(1,328,797)
Restructuring charges, net, cost of goods sold	(14,957)	(7,940)	(11,446)	(66,720)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Cost of goods sold	(2,000,804)	(1,827,360)	(1,749,128)	(2,263,957)	(2,901,220)	(2,737,286)	(2,535,042)	(2,243,791)	(2,248,688)	(2,327,711)	(2,229,978)	(2,067,523)	(1,852,442)	(1,670,901)	(1,511,532)	(1,336,618)	(1,403,857)	(1,184,036)	(1,280,256)	(1,364,711)	(1,377,640)	(1,272,493)	(1,646,520)	(1,561,401)	(1,375,248)	(1,328,797)
Gross margin	1,757,455)	1,654,702)	1,458,129)	1,605,612)	2,376,349)	2,336,835)	2,100,512)	1,816,625)	1,977,916)	1,976,754)	1,915,201)	1,780,131)	1,603,795)	1,506,179)	1,280,332)	1,167,007)	1,179,644)	981,710)	1,080,891)	1,074,337)	1,145,033)	1,058,198)	1,479,408)	1,330,714)	1,205,567)	1,149,343)
Research and development	(469,712)	(422,629)	(401,951)	(429,451)	(462,385)	(433,375)	(411,157)	(407,120)	(403,644)	(382,327)	(381,749)	(381,120)	(375,172)	(355,367)	(338,810)	(307,914)	(318,861)	(286,827)	(295,578)	(318,514)	(285,556)	(291,672)	(327,713)	(305,412)	(281,311)	(275,078)
Selling, general, and administrative	(228,843)	(207,023)	(199,831)	(193,500)	(233,802)	(205,620)	(210,002)	(217,408)	(236,133)	(222,194)	(217,525)	(203,703)	(218,899)	(189,748)	(185,800)	(164,979)	(174,272)	(157,428)	(168,228)	(190,306)	(169,098)	(174,775)	(196,500)	(197,791)	(186,885)	(181,043)
Restructuring charges, net, operating expenses	(1,688)	(2,021)	(1,742)	(40,408)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating expenses	(700,243)	(631,673)	(603,524)	(663,359)	(696,187)	(638,995)	(621,159)	(624,528)	(639,777)	(604,521)	(599,274)	(584,823)	(594,071)	(545,115)	(524,610)	(472,893)	(493,133)	(444,255)	(463,806)	(508,820)	(454,654)	(466,447)	(524,213)	(503,203)	(468,196)	(456,121)
Operating income	1,057,212)	1,023,029)	854,605)	942,253)	1,680,162)	1,697,840)	1,479,353)	1,192,097)	1,338,139)	1,372,233)	1,315,927)	1,195,308)	1,009,724)	961,064)	755,722)	694,114)	686,511)	537,455)	617,085)	565,517)	690,379)	591,751)	955,195)	827,511)	737,371)	693,222)
Other income (expense), net	29,839)	2,601)	9,010)	(3,331)	(28,234)	(43,095)	(120,448)	(57,402)	17,999)	(28,857)	(7,166)	(35,320)	(29,941)	(38,792)	(7,553)	(64,619)	(13,924)	(12,728)	(7,667)	20,532)	(30,649)	(377)	2,954)	(55,810)	(3,152)	(5,502)
Income before income taxes	1,087,051)	1,025,630)	863,615)	938,922)	1,651,928)	1,654,745)	1,358,905)	1,134,695)	1,356,138)	1,343,376)	1,308,761)	1,159,988)	979,783)	922,272)	748,169)	629,495)	672,587)	524,727)	609,418)	586,049)	659,730)	591,374)	958,149)	771,701)	734,219)	687,720)
Income tax (expense) benefit	(132,785)	(138,232)	(61,078)	(124,914)	(183,421)	(228,866)	(149,971)	(112,917)	(161,308)	(163,632)	(164,104)	(88,867)	(110,554)	(98,821)	(51,496)	(54,714)	(158,077)	(58,938)	(67,593)	(38,659)	(90,875)	(58,014)	62,997)	7,099)	(744,174)	(97,030)
Net income (loss)	954,266)	887,398)	802,537)	814,008)	1,468,507)	1,425,879)	1,208,934)	1,021,778)	1,194,830)	1,179,744)	1,144,657)	1,071,121)	869,229)	823,451)	696,673)	574,781)	514,510)	465,789)	541,825)	547,390)	568,855)	533,360)	1,021,146)	778,800)	(9,955)	590,690)

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Lam Research Corp. revenue increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Lam Research Corp. operating income increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Lam Research Corp. income before income taxes increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Lam Research Corp. net income (loss) increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Lam Research Corp. (NASDAQ:LRCX)

Income StatementQuarterly Data

Income Statement
Quarterly Data