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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 3.74B | 0.8% |
Gross Profit | 1.8B | 2.5% |
Cost of Revenue | 2.22B | 0.8% |
Operating expense | 743M | 6.2% |
Net Income | 966M | 1.2% |
EBITDA | 1.23B | 0.5% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 18.3B | 2.7% |
Total Liabilities | 10.3B | 2.9% |
Total Equity | 8.02B | 2.4% |
Shares Outstanding | 131M | 0.4% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 1.38B | 4.7% |
Cash from investing | -92M | 9.4% |
Cash from financing | -1.24B | 43.7% |
EPS
Financial Highlights for Lam Research in Q1 '24
Lam Research reported a revenue of 3.74B, which is a 0.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.8B, marking a 2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.22B, a -0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 743M, showing a 6.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 966M, showing a 1.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.23B, showing a 0.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Lam Research with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.