Lam Research Investor Presentation — April 2022

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March quarter 2022 financial results

April 20, 2022LAM R E S E AR C H

Cautionary statement regarding forward -looking

This presentation and the accompanying discussion contain “forward -looking statements” under U.S. securities laws. Forward -looking

statements include any statements that are not statements of historical fact. Examples of forward -looking statements include, b ut are not

limited to: (1) anticipated business, balance sheet, cash flow and financial measures and results, including guidance, whethe r 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 strategie s, or otherwise

deliver value for customers and stockholders; (5) the impact and expected duration of supply chain disruptions, and our abilit y to mitigate

them; (6) 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 (7) the impact of trade regulations, export controls and trade disputes. Forward -looking statements s peak only as of

the date they are made and are subject to risks and uncertainties that could cause actual results to differ materially from t hose expressed,

including: supply chain disruptions have limited and are expected to continue to limit our ability to meet demand for our produ cts; supply chain

cost increases and other inflationary pressures have impacted and are expected to continue to impact our profitability; trade regulations,

export controls, trade disputes and other geopolitical tensions may inhibit our ability to sell our products; business, polit ical and/or regulatory

conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change ; the actions of

our customers and competitors may be inconsistent with our expectations; the severity, magnitude and duration of the COVID –19 pa ndemic

(and the related governmental, public health, business and community responses to it), and their impacts on our business, res ults of

operations and financial condition, are evolving and are highly uncertain and unpredictable; and widespread outbreaks of illn essmay impact

our operations and revenue in affected areas; as well as the other factors discussed in our filings with the Securities and E xchange

Commission (“SEC”), including specifically the Risk Factors described in our annual report on Form 10 –K for the fiscal year ende d June 27,