– Revenues declined 7% year-over-year to $2.17 billion, vs. $2.16 billion expected
– Forecasts second-quarter revenues of $2.5 billion
– Looking for Q2 adjusted earnings of $3.80 per share; reported earnings of $3.71 per share
– Lam Research shares gained 66% since the beginning of 2019; gained further during Wednesday’s after-hours sesson