Lam Research Corporation Reports 24.4% Revenue Growth to $4.72 Billion in Q3 FY 2025

Lam Research Corporation reported significant financial performance for the third quarter of fiscal year 2025, ending March 30, 2025. The company achieved revenues of $4.72 billion, a 24.4% increase from $3.79 billion in the same quarter of the previous year. Net income for the quarter was $1.33 billion, or $1.03 per diluted share, compared to $965.8 million, or $0.73 per diluted share, in the prior year. For the nine months ended March 30, 2025, total revenue reached $13.26 billion, up from $11.03 billion in the same period last year, while net income increased to $3.64 billion from $2.81 billion.

The company noted a substantial increase in systems revenue, which rose to $3.04 billion in the March 2025 quarter from $2.40 billion a year earlier, driven by heightened investments in the foundry market segment. Customer support-related revenue also saw growth, reaching $1.68 billion, up from $1.40 billion in the prior year. Geographically, revenue from Korea and Taiwan showed notable increases, with Korea contributing $1.15 billion and Taiwan $1.13 billion, reflecting a shift in customer spending patterns.

Operationally, Lam Research's employee headcount increased to approximately 18,600 as of March 30, 2025, reflecting the company's ongoing investments in talent to support its growth initiatives. The company has also maintained a strong cash position, with cash and cash equivalents totaling $5.45 billion, although this represents a decrease from $5.85 billion at the end of the previous fiscal year. The decrease was attributed to share repurchases, dividends paid, and capital expenditures, partially offset by cash generated from operating activities.

Looking ahead, Lam Research anticipates continued strong demand for wafer fabrication equipment, particularly in the memory and non-memory market segments. The company is focused on leveraging its expertise in deposition, etch, and clean technologies to address the evolving needs of the semiconductor industry. However, it also acknowledged potential volatility in the semiconductor market due to external factors such as trade restrictions and economic uncertainties. The company remains committed to balancing customer requirements with operational performance and is optimistic about its long-term growth prospects.