Lam Research (LRCX) reported fiscal Q2 GAAP diluted earnings late Wednesday of $7.22 a share, down from $10.77 a year earlier.
Analysts surveyed by Capital IQ expected $6.95.
Revenue in the quarter ended Dec. 24 was $3.76 billion, down from $5.28 billion a year earlier.
Analysts surveyed by Capital IQ expected $3.71 billion.
For fiscal Q3, the company said it expects non-GAAP diluted EPS of $7.25, plus or minus $0.75, and revenue of $3.7 billion, plus or minus $300 million. Analysts polled by Capital IQ are looking for EPS of $6.63 on revenue of $3.68 billion.