Lam Research
LRCXQ3 2023(LRCX Q4 FY2023)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$4.6B
AI Revenue (Q)
$150.3M
Total Revenue (Q)
$3.8B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2023 (Jun 2023, annual 10-K): Full year FY2023 revenue $17.43B. Annual Memory at 42%, Foundry 38%, Logic 20%. FY2023 10-K mentions AI as demand driver. By mid-2023, AI chip demand was becoming a clear trend (H100 shortages). SK Hynix was ramping HBM3 production. Equipment orders for HBM capacity were beginning to flow. Foundry AI builds at TSMC also increasing. Modest uptick to 4% AI revenue. ~$17.43B * 0.04 = ~$697M for full year.
Analyzed by claude-opus-4-6
Quoted Figures
Memory 42%, Foundry 38%, Logic/integrated device manufacturing 20%
10-K FY2023, Note on revenue disaggregation by market
Systems Revenue $10,695,897; Customer support-related revenue and other $6,732,619; Total $17,428,516
10-K FY2023 (derived from financial data)
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 FY2023, Item 1 Business
AI Products Identified (Ring 1)
Etch systems for HBM DRAM productionDeposition for advanced packaging (CoWoS)Equipment for AI chip foundry production
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.
HBM3 production ramp at SK HynixTSMC CoWoS capacity expansionNVIDIA H100 supply chain
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix