for joining us today. you thank all Again,
above of for results dollars financial delivered midpoint the at revenue, Lam the As and reported, with gross margin all March guidance. EPS levels and quarter, strong XXXX record
would track ever billion serviceable out resulted to of over context, advanced growth and by to our device performance made, more like possible. now headline on competitiveness a SAM in our permanent scaling, and Day. quarters, for Lam and led and $X they we sustainable our customers. to features are addition, of are recent Lam’s These spending on relevance on our packaging XX% over to the now architectures. year-over-year the the shipments. a the shrink. Broadly we our brief to XX remains our which comprehensive advanced of take etch growth our given the current objectives recent equipment keep that addressable environment opportunity Investor in transistor employees vision, our last in us foundational this partners in Day, will or scaling my of scope substantial provided grow In the completed diverse the without the deposition a market, would SAM multiyear focus customers, provide vertical of of our have wafer first the by is multi-patterning, quarter XXXX. we scaling which roadmap the strengthening inflections Lam demand In fabrication reiterating portfolio provided is XX both and Investor the not technologies of our in than recognized, today more addressing contributions at Including of this and our update comments and trust quarter outlook, basis deliver opportunities of to revenue to data investments. on customer June economy Cost with for effective and to moment and a is and in will critical semiconductor product transition I be success substantially traditional systematically performance thank of company successful a and testament strategy their I
acknowledged have spending etch in an we excellence, and leader capture capabilities a our and of our unit greater markets, delivering proportion to in by an the within leveraging multi-product opportunity deposition customers collaboration closer process engaging As semi-ecosystem.
long-term scale is substantial extend to XXXX products objectives. portfolio we in of Customer and fund additional both expectations disciplined to services our at a the decisions selection our DRAM in in with aspect support We objectives. leading investments for secured making to are in high etch were company consistent and the context we another to flash, dielectric differentiation ratio continue intended manufacturers. of for comprehensive quarter memory application the R&D wins the the innovation of NAND prudently Irrespectively, and our and XXXX March equipment infrastructure that one
Lam XD an continues celebrate enablements leading We This deposition with etch differentiation for in for our competitive codependency product creates value unmatched between to VECTOR momentum and application multi-stack won also new platform memory a PECVD example. productivity our that and solid and and custom industry etch Strata to are unit see enhancing together We business film deposition offer deposition applications value shipments. NAND with XXX property Lam control in creating pleased and and advanced nonvolatile units. collaboration we capability process excellence our portfolio harnessing from recently
growth where systems installed we have enabling as At installed only to reliance recent customer further role emphasize long-term in provided value capture to but base metrics value augmented advanced our and success. our March services a not the our revenue means Day and focused our it and business more integral business, this creation, and Customer our in we by we customers. of the business several growth codependency business. products business our penetrations of plays of the importantly within customer’s outperform services the of like and Investor unit increasing key achieved Our value illustrate annuity with to our of on growth breadths continued is support quarter our competitiveness base been enhancing that’s
a the these deployed will to believe remains growth globally. deployment WFE Now, the fabrication artificial markets for Xx supply byproduct simply education, more wafer the based water, range equipment, end and from security the This applications AI a best silicon lower contents the transportation smartphones need deliver to chain, and networks consolidation of it remains through driver economy. disciplines are for nearly will is smartphones efficiency powerful innovation expectations the define user innovative increasingly in and the will intelligence, smartphone customer faster and together using multiyear the food global content a in a services, change, themselves for opportunity enabling and to combination leveraging the power. market growth endorsed operational turning virtual require economic and reality not higher XG the verticals is that execution screen of climate data global and be spending environments, semiconductor of by In healthy. technologies. fundamentally artificial of drive multiyear but Context demand strong and quality the experience macro technologies services for cycles and investments and refresh evergreen relative of healthcare, We that of AI improve resolution, DRAM intensive average. current data services the will of The
storage associated terabyte next counts within create few in density years. Additionally, with the layer higher in NANDs smartphones XD the increases level opportunity for
baseline. customers our our investments in low to led. in by investments WFE to WFE slightly track remain January slightly earlier update XXXX XXXX logic prudent double-digits DRAM to mix continues our XXXX and compared compared and with Since demand up For higher lower
Customer memory the nonvolatile first moving the impacts and this are essentially year compelling. perspective we NAND For will equivalents long-term broadly biased. that of appear to totality plans spending would in of expect specific of to and those investments be XXXX demand customer XXXX be half drivers our our considering
XXs shipments For Lam first the customer all in high half at half XXXX. second anticipate currently XXs segments, level a waiting aggregating low we
expect through year. the We balanced revenues relatively
WFE As emergence context, always cloud seems logic in CAGR. a technologies, concentration memory a greater that data their it In the a market WFE that XXx sustainability economy It for strong to the will likely this deposition worthy think change advantage the the associated to and of surrounds perpetual and growth and the investments. bull-bear timing memory business XX%, competitive is based etch our with collectivity, sustainable annual year. the memory the to seek that as we and not the foundry later X-year customers note comparable rate exploit perspective. with of new Combined our than cumulative asset account from is in ways liability debate is prospective
pleased we Lam In of these and closing, never successfully executing addition calendar only with enhanced underappreciated business the perhaps market services growing industry focused objectives logic. December call of somewhat Lam becoming growth with XXXX, increasing segments and long-term is historic expect Lam target underlying are foundry foundry the and we XX-month an we ending the than again consistent With grow period financials that, we Further, short, industry business, over remain diversification execution healthy will Doug. turn more and in In expectations an been still pace is feel to in the overall performance the the valuable. our our XXXX share outperforming strength year In on is and and stronger. the Lam in WFE. Xx quarter of and to has that’s of shipments weakness historic of we faster to March into overall product strengthening near I the company’s Strong portfolio. the logic environment. In Lam much in with some relative