(Boursier.com) — Lam Research, the American semiconductor production equipment manufacturer, revealed revenues of $3.76 billion for its fourth quarter ended December 2023, an increase of 8% compared to the previous quarter. Adjusted gross margin decreased slightly sequentially, compared to the previous quarter, to 47.6%. The adjusted operating margin was 30%. Adjusted earnings per share were $7.52, up 10% sequentially. The consensus was around $3.7 billion in revenue for $7.1 in adjusted earnings per share. For the quarter ending March 2024, revenues are expected at $3.7 billion, plus or minus $300 million. The adjusted gross margin is expected to be close to 48% and the operating margin to be around 29.5%. Adjusted earnings per share are expected at $7.25, plus or minus 75 cents.
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