Lam Research
LRCXQ4 2022(LRCX Q1 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$3.4B
AI Revenue (Q)
$116.1M
Total Revenue (Q)
$3.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2023 (Sep 2022 quarter): Revenue $5.07B. Memory at 52% of equipment/upgrade revenue, Foundry 34%, Logic 14%. Memory share declining from 60% in FY2022 annual to 52%. AI demand still early — ChatGPT hadn't launched yet (Nov 2022). HBM was a niche product. Estimated ~5% of Memory equipment for HBM-related, ~3% of Foundry for AI chips. ~$5.07B * (0.52*0.05 + 0.34*0.03) = ~$5.07B * 0.0362 = ~$183M. But equipment revenue is only Systems ($3.18B) — total company AI revenue ~$152M. Conservative estimate: 3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Memory 52%, Foundry 34%, Logic/integrated device manufacturing 14%
10-Q Q1 FY2023, Note 3 Revenue disaggregation
Revenue $5,074,121 thousand
10-Q Q1 FY2023, Condensed Consolidated Statements of Operations
System revenue $3,181,987; Customer support-related revenue and other $1,892,134
10-Q Q1 FY2023, Note 3 Revenue disaggregation
AI Products Identified (Ring 1)
Etch systems for HBM DRAMDeposition equipment for advanced node AI chips
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Memory revenue %HBM production ramp timelinesTSMC advanced node utilization
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix