Lam Research
LRCXQ3 2022(LRCX Q4 FY2022)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$3.3B
AI Revenue (Q)
$158.3M
Total Revenue (Q)
$5.3B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Lam reports one segment with no AI revenue disclosure. FY2022 10-K shows Memory at 60%, Foundry at 26%, Logic at 14% of equipment/upgrade revenue. Total revenue $17.23B. AI-specific demand in mid-2022 was nascent — HBM production was minimal (SK Hynix HBM3 just sampling), AI chip foundry builds were early-stage. Conservatively, ~5% of Memory revenue may have been HBM-related etch/deposition (~$0.52B), plus ~3% of Foundry revenue for AI accelerator builds (~$0.13B). Total AI-attributable ~$0.52B / $17.23B = ~3.0%. No direct disclosure exists.
Analyzed by claude-opus-4-6
Quoted Figures
Memory 60%, Foundry 26%, Logic/integrated device manufacturing 14%
10-K FY2022, Note 20 - Segment revenue disaggregation
Revenue $17,227,039 thousand
10-K FY2022, Consolidated Statements of Operations (derived from annual revenue)
Demand from cloud computing (the Cloud), artificial intelligence, 5G, the Internet of Things (IoT), and other markets is driving the need for increasingly powerful and cost-efficient semiconductors
10-K FY2022, Item 1 Business
AI Products Identified (Ring 1)
Etch systems for HBM DRAMDeposition systems for advanced packagingEtch/deposition for AI accelerator foundry builds
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 volumes at SK Hynix/SamsungTSMC AI chip wafer starts
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix