Lam Research reports Q2 non-GAAP EPS $1.33, consensus $1.21

Reports Q2 revenue $5.17B, consensus $5B. “Lam delivered another solid quarter, highlighted by strong gross margins and record EPS,” said CEO Tim Archer. “With deposition and etch criticality intensifying in the AI era, we are executing on our long-term strategic initiatives and leveraging our differentiated product portfolio to position Lam for outperformance.”