Lam Research reports Q2 non-GAAP EPS $8.14, consensus $7.58

Reports Q2 revenue $3.87B, consensus $3.82B. “Lam’s June quarter results came in above the midpoint of our guidance, driven by continued solid execution and growth in our customer support business group,” said CEO Tim Archer. “We are making strategic investments in R&D and our operations to position Lam to outperform in what we believe will be a multi-year period of strong wafer fab equipment spending.”