For the third quarter of 2022, the Company expects total net revenues to be between RMB16.5 billion (US$2.5 billion) and RMB17.0 billion (US$2.5 billion), representing a decrease of approximately 6.1% to 8.8% from the same quarter of 2021. This forecast considers the potential impact of the recent real estate related policies and measures, the emergence of COVID-19 in certain regions and the corresponding restrictive measures which remains uncertain and may continue to adversely affect the Company’s operations, and the Company’s current and preliminary view on the business situation and market condition, all of which are subject to change.
3 Lam Research Analyst Takeaways On Upbeat Q1 Earnings, Guidance
Lam Research Corporation (NASDAQ: LRCX) Wednesday reported a beat and raise quarter but warned of a revenue hit due to U.S. restrictions on China exports.
