Lam Research Investor Presentation — April 2024

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March quarter 2024 financial results

April 24, 2024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 and related drivers, includ ing 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 an d growth plans or

strategies, or otherwise deliver value for customers and stockholders; and (5) the impact of trade regulations, export contro ls and trade

disputes. Forward -looking statements speak only as of the date they are made and are subject to risks and uncertainties that co uld cause

actual results to differ materially from those expressed, including: trade regulations, export controls, trade disputes and oth er geopolitical

tensions may inhibit our ability to sell our products; business, political and/or regulatory conditions in the consumer elect ronics 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; supply chain cost increases and other inflationary pressures have impacted and may continue to impact our profitability;

supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; an d natural and

human caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events b eyond our control

may impact our operations and revenue in affected areas; as well as the other factors discussed in our filings with the Secur ities and

Exchange Commission (“SEC”), including specifically the Risk Factors described in our annual report on Form 10 -K for the fiscal year ended

June 25, 2023 and our quarterly report on Form 10 -Q for the fiscal quarter ended December 24, 2023. You should not place undue r eliance on

forward -looking statements. Lam undertakes no obligation to update any forward -looking statements.

​ LAM R E S E AR C H

As of March 31, 2024$14.3B

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