04:37 PM EST, 01/29/2025 (MT Newswires) -- Lam Research ( LRCX ) reported non-GAAP net income late Wednesday of $0.91 per diluted share in the December quarter, up from $0.75 a year earlier.

Analysts polled by FactSet expected $0.88.

Revenue for the quarter ended Dec. 29 was $4.38 billion, up from $3.76 billion a year ago.

Analysts surveyed by FactSet expected $4.32 billion.

For the March quarter, Lam expects non-GAAP earnings of $1 per share, plus minus $0.10, on revenue of $4.65 billion, plus minus $300 million.

Analysts surveyed by FactSet expect $0.87 on revenue of $4.33 billion.

Shares of the company rose over 6% in after-hours activity.