Lam Research Investor Presentation — October 2022

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September quarter 2022 financial results

October 19, 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 abi lity 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 :trade regulations, export controls, trade disputes and other geopolitical tensions may inhibit our ability to sell our produc ts; supply

chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products ; business , political 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; the severity, magnitude and duration of t he COVID –19

pandemic (and the related governmental, public health, business and community responses to it), and their impacts on our busi ness, results 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 26,

2022. You should not place undue reliance on forward -looking statements. Lam undertakes no obligation to update any forward -looking