Analyst Coverage

Analysts from the following firms follow the progress of Lam Research Corporation and periodically issue reports, all of which are independent of Lam's input.

It is Lam's policy not to distribute any analyst reports written on our Company. In addition, we do not endorse any analyst's projections.

B. Riley & Co.   Bank of America / Merrill Lynch  
Citi   CLSA  
Cowen & Co.   Credit Suisse  
D. A. Davidson   Deutsche Bank  
Goldman Sachs   ISI Group  
J.P. Morgan   Needham & Company  
Nomura Securities International   Northland Capital Markets  
Pacific Crest Securities   Piper Jaffray  
RBC Capital Markets   Stifel, Nicolaus & Company  
Susquehanna   UBS Securities LLC  

Lam Research Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Lam Research Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Lam Research Corporation or its management. Lam Research Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.