today thank Tim. very you, earning what and season. joining for our afternoon, I a busy on is everyone, know call Thank Good you
face healthy since XXXX with and the been the continues with with we I record income challenges quarter. share pandemic, to the As hope families June Lam last in safe have world continued quarterly operating spoke and you. outstanding you per your performance and earnings revenue, deliver to
their extremely operating execution. guidance, all earnings and revenue, share employees dedication income range. And of customers, midpoint were our guidance of our margin thank or our pleased and our gross came suppliers and the for with and above at support. above Our per operational we We're in
systems increase the the had revenue $X.XX business our Our billion, quarter. March was both group. revenue represented from for June an our customer X% and We support quarter record of in
turn The quarter I versus in layer I'll level of strengthening again ads strength In capacity revenue, the the XX% devices. June DRAM another And nodes. of revenue the record revenue flat the to do We investments were would DRAM to investments The memory we saw represented second-half segment area both revenue. spending mention, prior XX% Lam year. details on quarter quarter. at this of X-alpha concentration was the the The had of segment revenue conversions XXX DRAM on just systems for in primarily dollars. terms spending class concentrated Xz in systems we with an of continues in in essentially XX% quarter. June hit be the mainly into systems prior our and Now and XX% and NAND with segment, of our see systems customer and
revenues, in both specialty second various spending the flat and revenue, the XX% quarter, meet for was market segment, the with logic is as the percentage. chips occurring prior March remaining end X% at gaming, XG in demand essentially of compared leading-edge June mature consecutive AI, the technologies drivers needed finally, systems For coming as in quarter had as in the to we XX% quarter contributed of record And devices. Foundry other in of image quarter. things sensors well systems to our IoT, our like power and for and like June which revenue Foundry
March higher of with XX% The the regional also China. profile fabs the located looking The XX% region revenue, to strong the their the quarter. for China which balanced quarter revenues. The X% between group. our up Korea spending is our our the in customers of quarter for XX% revenue June the at revenues, this domestic of than total XX% in another generally from and business I the CSPG region $X.X in as came in billion, nearly from level be installed XXXX. are total that is increase is March region Now, point noted at and of which at the multinational quarter, China very in profile was same representing came in base continued high an
are well All as and sub the reliant strongly high supporting that market, the in excellent serves segments that of tools, life this All customers of as contributed business delivering product the industry upgrades our quarter. sub performance. line, of where extending are utilizations. the segments we're specialty spares service, The
the XX.X%, which there I are So was at I'll you the margin mix. June fluctuate let slightly higher $XXX quarter-to-quarter the our gross COVID impacting me and us and to shift guided remind due range. quarter also million, the freight continues air along elevated expenses in quarter, midpoint the overall with logistics in be product to environment to mention guidance. that profitability, due business than the of levels, reflected Operating June quarter. prior for were costs current margins September gross to quarter would customer right
guidance R&D that as our operating profitably, continued to I'll of we that earnings our R&D This two-thirds excluded to that our leadership differentiated strong margin operating technically Lam This expenses. XX.X%, positions, expenses. prioritize income was scale performance on line We've during a note percent our asset shutting may operating margin quarter we $X at down. to we're operating million the showed charge of ensure we've our also quarter to high non-GAAP to ability as of decrease release, to management. impairment spending build to that incur the an emphasis our demonstrated and the an You we've the operating in all-time and approximately related watermark solid and in we've note represents June have of continued company operating percentage midpoint continues a reflecting approximately an over gross expense for Research. a spending, it did from expenses product maintained to resources on revenue. charge continue represent coming range of
with for rate tax expectations. non-GAAP generally Our XX.X%, line was the our in quarter
tax our prior As in we’ve noted rate from fluctuate quarter-to-quarter. will call,
in which teens tax calendar continuing under year. we're level States to venture as Administration. in the and in our for capital was expense, income would million than a a to mention, result potential the just one in be is Other of quarter ongoing that United gain lower $XX expect are And million the tax the expense XXXX rate current prior investments. We of changes the discussion $XX low approximately I monitor market
million longer our interested in we can noted, a June just for the plan deferred you, no GAAP that the subject are non-GAAP the of rate. tables XXXX, was OI&E run details And the March in And compensation As the difference volatility quarter is typical if you're mismatched also of earnings reconciliation previously This to cause from results. our $XX market benefits related any see release. quarter. beginning to XXXX costs you remind the in could and employee mismatch in
long-term shift cash flow. return Now, towards to of million shares. This favorability, with XXX above is from The in level share me $X.XX, the per expense capital as share management, and well in due range. the balance buyback. slightly $XXX free I at to our diluted March was plans in revenue at line the guidance capital count is down return, came let The XX% Earnings share allocated we the OI&E. of dividends as to outperformance our quarter coming million million and XXX% in paid in $XXX noted higher
XXXX During remaining the is notes, you which convertible June that to tell less convert quarter, redeemed I'm in was the we capital happy the our structure.
operations, in the the cash cash flat cash balance in billion, investments, performance quarter. shift quarter for including me billion. flows the had at with short-term record We prior June came restricted sheet, which $X from which to and Let $X.X totaled is
of During pay that XX-days. well activities I investing slightly senior and of result, as a June were for was down the Day the in times. up from And quarter million $XXX compensation, million quarter, increasing in and quarter amortization. that the for quarter prior was of to March deployed included Inventory June, our the expenses quarter from return and customers. March outlays cash our came cash turns equity due generation were $XXX in approximately flat mentioned. level notes at the as at June outstanding X.X sales the non-cash level capital $XX up depreciation million $XX capacity $XX for for the support million expenditures in for as were at We're capital million. coming
We opening facility. is investments Malaysia our U.S. investments new facility in in lab quarter, with our in Korean factory, new our globe the occurring parts formally and Ohio, spare expansion around this which have R&D critical
We remainder XX,XXX these on expect savings, that to facility revolver, June regular commentary we year to the final performance is $X.X linked employee follow-up approximately ending elevated which for levels in to transitioned revolving June upsized is strategically quarter as and installation for see we support and My added capital quarter expenditures been Lam which their includes this a ESG the XXXX, factories a in metrics as structure Research. somewhat of meet to field, credit is touch in growth billion. The have facility to In certain our to in the pricing headcount level space, a of initiatives. sustainability extended June, We to requirements. was levels safety. output Resources important linked support obviously energy our evaluations, the technology customers tool the increased and well employees. as time full and in calendar for
Tim credit ESG to that of commitment to this noted, demonstration integrate into addition we focus is further our the facility of how In aspects company. principles all operate a ESG areas as
of And approximately XX%, margins the So earnings or of plus $X.XX, per share point. percentage minus or based or now a percentage September to $XXX one million on of We're like our quarter. minus minus $X.X ahead, share of I'd shares. expecting plus or billion, Gross one provide Operating for XXX plus XX%, $X.XX, revenue looking plus count finally guidance of XXXX point. million. minus non-GAAP margin
a continue global as challenges our driving to work the a challenges Customer to to our of maintain look revenue tireless well output supply in strong are chain headwind and Lam XXXX supply gross widened also in range, continues the in as second-half next of margin. is organizations financial operational we chain of chain. These record demand We ongoing a result as our supply mitigate operating modest year. at into as of partners. guided performance, efforts levels
with our progress like would and longer-term Sense.i like objectives, and thank Tim questions. like rising We'd in these on up for resist. my investments now to continue challenge to for on remarks. call dry the open prepared to platforms that gain company objectives. concludes share and delivering We Operator, new I the to the
