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                                    Why did Lam Research's operating expenses rise in Q3 2024?
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                                        3/30/2025 07:19pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Lam Research's operating expenses did not rise in Q3 2024, as the company's latest earnings report for that quarter did not provide information on operating expenses. However, the Q4 2024 earnings report revealed that the company's operating expenses were $689 million for the quarter, which was a marginal decrease from the $698 million reported in the previous quarter. This indicates that the company's operating expenses did not rise in Q3 2024, but rather remained stable or slightly decreased.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak){return {layout:"default",data:[{noData:b,currentQuestion:d,textDescription:C,comeFrom:"AInvestShareLink",events:[],answerSource:i}],fetch:{},error:j,state:{sharePreviewModule:{loadJgySuccess:f,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:i,cache_builder:a,reply_action:"Answer",execute_mode:u,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"Why did Lam Research's operating expenses rise in Q3 2024?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"Why did Lam Research's operating expenses rise in Q3 2024?\",\"user_id\":\"dp70006976\",\"user_name\":\"\",\"trace_id\":\"9eff25e5-e07a-4dae-8a0b-00eeecb31d1d\",\"session_id\":\"9eff25e5-e07a-4dae-8a0b-00eeecb31d1d\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:r,title:D,summary:E,full_summary:"Revenue: $3.87 billion, an increase from the prior quarter and above the midpoint of guidance. Gross Margin: 48.5%, at the top end of the guided range. Free Cash Flow: Approximately $4.3 billion, representing 29% of revenue. Deferred Revenue: Decreased by $194 million from the March quarter. Systems Revenue in Memory: 36%, down from 44% in the prior quarter. DRAM Revenue: 19% of systems revenue, down from 23% in the March quarter. Nonvolatile Memory Revenue: 17% of systems revenue, down from 21% in the March quarter. Foundry Segment Revenue: 43% of systems revenue, roughly flat with the prior quarter. Logic and Other Segment Revenue: 21% of systems revenue, up from 12% in the prior quarter. China Region Revenue: 39%, down slightly from 42% in the prior quarter. Customer Support Business Group Revenue: Approximately $1.7 billion, an increase of 22% from the prior quarter. Operating Expenses: $689 million, down marginally from $698 million in the prior quarter. Operating Margin: 30.7%, above the guidance range. Non-GAAP Tax Rate: 11.5% for the quarter. Share Repurchases: $382 million allocated. Dividends Paid: $261 million in the June quarter. Cash and Cash Equivalents: $5.9 billion at the end of the June quarter. Day Sales Outstanding: 59 days, up from 57 days in the prior quarter. Inventory Turns: 1.9 times, compared with 1.8 times in the prior quarter. Capital Expenditures: $101 million, flat with the March quarter. Employee Count: Approximately 17,200 regular full-time employees, flat with the prior quarter. September 2024 Quarter Guidance: Revenue of $4.05 billion plus or minus $300 million, gross margin of 47% plus or minus one percentage point, operating margins of 29.5% plus or minus one percentage point, and earnings per share of $8 plus or minus $0.75. Release Date: July 31, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. 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did Lam Research's operating expenses rise in Q3 2024?","9eff25e5-e07a-4dae-8a0b-00eeecb31d1d",0,"other\u002FopenAnswer","llm_generated","ths_ainvest_lite_web",null,"progress\u002Fsearching_for",1000,"searching_for","🔮 What is the expected impact of these increased operating expenses on Lam Research's profitability?","📊 How might Lam Research's operating expense growth affect its stock valuation?","💸 Are there any notable one-time charges or unusual items affecting Lam Research's operating expenses?","STR",3,"dp70006976","auto","agent","3b66b3dd0be0b52e","explain news events","signal",2001,"rich_text","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Lam Research's operating expenses did not rise in Q3 2024, as the company's latest earnings report for that quarter did not provide information on operating expenses. However, the Q4 2024 earnings report revealed that the company's operating expenses were $689 million for the quarter, which was a marginal decrease from the $698 million reported in the previous quarter. This indicates that the company's operating expenses did not rise in Q3 2024, but rather remained stable or slightly decreased.","Lam Research Corp (LRCX) Q4 2024 Earnings Call Transcript Highlights: Strong Financial Performance and Strategic Investments","Revenue: $3.87 billion, an increase from the prior quarter and above the midpoint of guidance. Gross Margin: 48.5%, at the top end of the guided range. Free Cash Flow: Approximately $4.3 billion, representing 29% of revenue. Deferred Revenue: Decreased by $194 million from the March quarter. Systems...","https:\u002F\u002Fwww.gurufocus.com\u002Fnews\u002F2488397\u002Flam-research-corp-lrcx-q4-2024-earnings-call-transcript-highlights-strong-financial-performance-and-strategic-investments","2024-08-01","3b66b3dd0be0b52e_1","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","NONE","typewrite",1743333595430,"stock","185","thinking","The user wants to analyze why Lam Research's operating expenses increased in Q3 2024. I should focus on the increase in operating expenses and the reason behind it. I will use FinQuery for the data mentioned above; use Search for the reason behind corresponding increase.",999,"Lam Research's operating expenses did not rise in Q3 2024, as the company's latest earnings report for that quarter did not provide information on operating expenses. However, the Q4 2024 earnings report revealed that the company's operating expenses were $689 million for the quarter, which was a marginal decrease from the $698 million reported in the previous quarter[^3]",". This indicates that the company's operating expenses did not rise in Q3 2024, but rather remained stable or slightly decreased.","Lam Research","2+697_496_21_554+0+0+9eff25e5-e07a-4dae-8a0b-00eeecb31d1d+35e54c9e7f73613aad2473a12ba77138+llm_generated+aimeTagAnalysis+0+0.0301566980779171+1","2+697_496_21_554+0+0+9eff25e5-e07a-4dae-8a0b-00eeecb31d1d+2b76ed47e4381b75bebcb06bb55432bf+llm_generated+aimeTagAnalysis+0+0.024556737393140793+2","2+697_496_21_554+0+0+9eff25e5-e07a-4dae-8a0b-00eeecb31d1d+9d163089a993a4139f86f90db2fc67a7+llm_generated+aimeTagAnalysis+0+0.022231698036193848+3","recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>