Lam Research
LRCXQ1 2023(LRCX Q2 FY2023)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$3.7B
AI Revenue (Q)
$116.1M
Total Revenue (Q)
$3.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2023 (Dec 2022 quarter): Revenue $5.28B. Memory at 50%, Foundry 31%, Logic 19%. ChatGPT launched Nov 2022 but had not yet driven semiconductor equipment orders — equipment orders have long lead times. AI demand for equipment was still pre-ramp. HBM production remained limited. Same ~3% AI revenue estimate as prior quarter. No AI-specific disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Memory 50%, Foundry 31%, Logic/integrated device manufacturing 19%
10-Q Q2 FY2023, Note 3 Revenue disaggregation
Revenue $5,277,569 thousand
10-Q Q2 FY2023, Condensed Consolidated Statements of Operations
System revenue $3,547,518; Customer support-related revenue and other $1,730,051
10-Q Q2 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 order patterns from major memory makers
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix