Lam Research Corporation reported its financial results for the quarter ended June 29, 2025. The company announced a revenue of $5.17 billion, an increase from $4.72 billion in the previous quarter. The U.S. GAAP gross margin was 50.1%, while the non-GAAP gross margin was slightly higher at 50.3%. Net income for the quarter on a U.S. GAAP basis was $1.72 billion, up from $1.331 billion in the previous quarter. The U.S. GAAP diluted earnings per share $(EPS)$ was $1.35, compared to $1.03 in the previous quarter. On a non-GAAP basis, net income was $1.698 billion, with a diluted EPS of $1.33, up from $1.336 billion and $1.04 per share, respectively, in the March 2025 quarter. The company highlighted strong gross margins and record EPS performance. Lam Research continues to focus on its long-term strategic initiatives, leveraging its differentiated product portfolio in the AI era.