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This statistic highlights Lam Research’s Revenue by Region, split across China, Europe, Japan, Korea, Southeast Asia, Taiwan, and the United States, reported on a quarterly basis from Q1 2016 onwards.
Lam Research primarily serves three markets: integrated device manufacturing, foundry, and memory—which span seven geographic regions. For their geographic reporting, they attribute their revenue to places in which the facilities of their customers are located.
|Revenue by Region||Q1 2021||Q4 2021||Q1 2022|
|China||$ 1111.98||$ 1533.72||$ 1592.65|
|Korea||$ 667.19||$ 1243.55||$ 903.94|
|Taiwan||$ 540.10||$ 538.87||$ 645.67|
|Japan||$ 317.71||$ 373.07||$ 473.49|
|Southeast Asia||$ 317.71||$ 124.36||$ 344.36|
|United States||$ 127.08||$ 207.26||$ 258.27|
|Europe||$ 95.31||$ 124.36||$ 86.09|
|Total||$ 3177.08||$ 4145.18||$ 4304.47|
(All figures in millions, except percentages)
The company’s total revenue advances with the passing quarters. The latest quarter, Q1 2022 records $4304.47 million thereby marking a YoY growth of 35.49%. The revenue earned through 2021 was relatively higher than that in the preceding years— this could be owed to higher investments in semiconductor capital equipment by customers and greater revenue from their Customer Support Business group for services, upgrades, spares, etc.
China consistently proves to be the highest revenue-contributor of all regions. In Q1 2022, it reached its peak with a contribution of $1592.65 million—occupying 37% of the quarterly total. The QoQ growth from Q4 2021 to Q1 2022 was 3.84%. In Q1 2021, China made revenue worth $1111.98.
Being the second-largest revenue market, Korea grossed $667.19 million in Q1 2021. This rose by a major 86.39% in Q4 2021. However, the revenue in the latest quarter declined to $903.94 million, the QoQ drop being 27.3%.
Taiwan has consistently maintained its third position in the revenue share. In this region, the company made a YoY growth of 19.55% from Q1 2021 to 2022. The revenue amounted to a figure of $645.67 million in the latest quarter. In Q4 2021, and Q1 2021, the revenue from Taiwan stood at $538 million and $540 million respectively.
Situated in the mean of the revenue share matrix, Japan garners approximately 10% of the total during the respective quarters. The QoQ growth from Q4 2021 to Q1 2022 was a healthy 26.9%. The aforementioned regions were Lam Research’s top four revenue markets. Therefore, it would only be appropriate to surmise that East Asian regions are the company’s prime customer markets.
Lam Research’s foothold in East Asia also gradually develops down in Southeast Asia. Except for a rather low performance in Q4 2021, the region contributes an average of 8% of the total revenue. This significant revenue share from Asia can be owed to a greater amount of global capacity investments for the manufacturing of semiconductors that persist in this continent.
United States and Europe
The United States and Europe, in this order, form the slimmest revenue-grossing regions for the company. On average, they’ve contributed 5% and 3% respectively, to the revenue totals through the passing quarters. Since a rather substantial portion of Lam Research’s operations take place in non-US regions—there are problems and risks posed with respect to tariffs, staffing and managing barriers, currency exchange rate fluctuations, law compliance, etc. All these factors can potentially have an adverse impact on the company’s business, revenue and financial position, cash flows, and operation efficiency.
Furthermore, Lam Research’s customer markets are in regions that have complex interrelations—which are China, Korea, Taiwan, Japan, and the United States. Such grave complexes present themselves with political, diplomatic and security risks that can virtually cause trade disputes and deterrence. Thereby, affecting the company’s business and future revenues.
About Lam Research Corporation:
Lam Research was incorporated in 1980. It is a Delaware corporation and has its headquarters in Fremont, California. The company is a global supplier of innovative water fabrication equipment and services to be rendered in the semiconductor industry. The company has established a strong global presence—through its main competent areas such as nanoscale applications enablement, plasma and fluidics, chemistry, and advanced systems engineering. Its products and services help its customers to build better performing and efficient devices which are used in a range of electronic products.
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