Lam Research Investor Presentation — October 2020 - Lam Research Corporation

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Lam Research Corporation

September Quarter 2020 Financial Results

October 21, 2020wide-16x9W -v2

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, wh ether on a

GAAP or non -GAAP basis; (2) economic, market, industry and industry segment expectations; (3) product performance and changes i n

market share or customer demands; (4) our ability to successfully execute business, capital allocation, product and growth pl ansor

strategies, or otherwise deliver value for customers and stockholders; (5) the impact of the COVID -19 pandemic on our operation s and

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

business, results of operations and financial condition, are evolving and are highly uncertain and unpredictable; business, p olitical and/or

regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorat e or

change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export con trols, and

trade disputes may inhibit our ability to sell our products; and widespread outbreaks of illness may impact our operations an d revenue in

affected areas; as well as the other factors discussed in our filings with the Securities and Exchange Commission (“SEC”), in cluding

specifically the Risk Factors described in our annual report on Form 10 –K for the fiscal year ended June 28, 2020. You should no t place

undue reliance on forward -looking statements. Lam undertakes no obligation to update any forward -looking statements.wide-16x9W -v2