Lam Research Investor Presentation — October 2021

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September quarter 2021 financial results

October 20, 2021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 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 co uld cause

actual results to differ materially from those expressed, including: supply chain disruptions or manufacturing capacity constra ints may limit our

ability to manufacture and sell our products; trade regulations, export controls, trade disputes and other geopolitical tensi onsmay inhibit our

ability to sell our products; business, political and/or regulatory conditions in the consumer electronics industry, the semi conductor industry and

the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expe ctations; 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 high ly uncertain and

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

discussed in our filings with the Securities and Exchange Commission (“SEC”), including specifically the Risk Factors describ ed in our annual

report on Form 10 –K for the fiscal year ended June 27, 2021. You should not place undue reliance on forward -looking statements. Lam

undertakes no obligation to update any forward -looking statements.LAM R E S E AR C H

President and Chief Executive OfficerLAM R E S E AR C H