Lam Research Investor Presentation — April 2021 - Lam Research Corporation

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Lam Research Corporation

March Quarter 2021 Financial Results

April 21, 2021wide-16x9W -v2

laws. Forward -looking statements include any statements that are not statements of historical fact. Examples of

forward -looking statements include, but are not limited to: (1) anticipated business, balance sheet, cash flow and

financial measures and results, including guidance, whether on a GAAP or non -GAAP basis; (2) economic, market,

industry and industry segment expectations; (3) product performance and changes in market share or customer

demands; (4) our ability to successfully execute business, capital allocation, product and growth plans or strategies, or

otherwise deliver value for customers and stockholders; (5) the impact of the COVID -19 pandemic on our operations

and financial results, and our ability to mitigate operational and business impacts caused by it; and (6) the impact of

trade regulations, export controls and trade disputes. Forward -looking statements speak only as of the date they are

made and are subject to risks and uncertainties that could cause actual results to differ materially from those

expressed, including: the severity, magnitude and duration of the COVID –19 pandemic (and the related governmental,

public health, business and community responses to it), and their impacts on our business, results of operations and

financial condition, are evolving and are highly uncertain and unpredictable; business, political and/or regulatory

conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate

or change; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell

our products ; the actions of our customers and competitors may be inconsistent with our expectations; trade

regulations, export controls, trade disputes and other geopolitical tensions may inhibit our ability to sell our products;

and widespread outbreaks of illness may impact our operations and revenue in affected areas; as well as the other

factors discussed in our filings with the Securities and Exchange Commission (“SEC”), including specifically the Risk

Factors described in our annual report on Form 10 –K for the fiscal year ended June 28, 2020 and our quarterly report

on Form 10 -Q for quarter ended December 27, 2020. You should not place undue reliance on forward -looking