证 券 研 究 报 告 LAM Research（LRCX.O）2025Q1（FY25Q3）点评及业绩说明会纪要 2025Q1 业绩符合预期，先进逻辑&NAND 技 术升级带动全年 WFE 提升 ❖ 事项： 2025 年 4 月 24 日，LAM Research 发布 2025Q1（FY25Q3）季度报告，并召开 业绩说明会，2025Q1 实现营业收入 47.20 亿美元（QoQ+7.86%，YoY+24.43%）； non-GAAP 毛利率 49.0%（QoQ+1.5pct，YoY+1.5pct）。（注：以下全文为日历 年时间） ❖ 评论： 1. 业绩情况：2025Q1 公司实现营收 47.20 亿美元（QoQ+7.86%，YoY+24.43%）， 高于业绩指引中值（46.5±3 亿美元）；non-GAAP 毛利率 49.0%（QoQ+1.5pct， YoY+1.5pct），处于前期业绩指引上限（48.0±1%），non-GAAP 毛利率增长得 益于产品组合优化以及贴近客户制造战略带来的效率提升。 2. 营收结构（分业务部门)：1.设备部门：1）存储业务：内存占比为 43%，低 于 2024Q4 的 50 ...

Megacap tech stocks are in rally mode today, including semiconductor concern Nvidia (NVDA). The shares of sector peers Lam Research Corp (NASDAQ:LRCX) and Texas Instruments Inc (NASDAQ:TXN) are also higher after the companies bested top- and bottom-line expectations for the fiscal third and first quarter, respectively.LRCX is up 5.7% to trade at $70.50 at last glance, chipping away at its 20.1% year-to-date deficit. Looking to conquer overhead pressure from the 20-day moving average, the stock is headed for ...

Lam Research (LRCX) reported third-quarter fiscal 2025 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.LRCX reported third-quarter fiscal 2025 non-GAAP earnings of $1.04 per share, which beat the Zacks Consensus Estimate by 4%. The bottom line increased 33.3% on a year-over-year basis, primarily driven by strong product demand, technology-driven upgrade cycles, and strategic execution across manufacturing and supply chain operations. (Find the latest EPS estimates and surpr ...

Lam Research Corporation (NASDAQ:LRCX) Q3 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Ram Ganesh - VP, IR Timothy Archer - President and CEO Douglas Bettinger - EVP and CFO Conference Call Participants C.J. Muse - Cantor Fitzgerald Timothy Arcuri - UBS Harlan Sur - JPMorgan Stacy Rasgon - Bernstein Research Krish Sankar - TD Cowen Srinivas Pajjuri - Raymond James Atif Malik - Citi Vivek Arya - Bank of America Securities Blayne Curtis - Jefferies Mehdi Hosseini - SIG Joe Moor ...

Lam Research Corporation March quarter 2025 financial results April 23, 2025 Cautionary statement regarding forward-looking statements This presentation and the accompanying discussion contain "forward-looking statements" under U.S. securities laws. Forward-looking statements include any statements that are not statements of historical fact. Examples of forward-looking statements include, but are not limited to: (1) anticipated business, balance sheet, cash flow and financial measures and results and relate ...

Lam Research (LRCX) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.87 per share when it actually produced earnings of $0.91, delivering a surprise of 4.60%.Over the last four quarters, t ...

Exhibit 99.1 FREMONT, Calif., April 23, 2025 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 30, 2025 (the "March 2025 quarter"). FOR IMMEDIATE RELEASE Highlights for the March 2025 quarter were as follows: Lam Research Corporation Reports Financial Results for the Quarter Ended March 30, 2025 Key Financial Data for the Quarters Ended March 30, 2025 and December 29, 2024 (in thousands, except per-share data, percentages, and bas ...

FREMONT, Calif., April 23, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 30, 2025 (the "March 2025 quarter").Highlights for the March 2025 quarter were as follows: Revenue of $4.72 billion. U.S. GAAP gross margin of 49.0%, U.S. GAAP operating income as a percentage of revenue of 33.1%, and U.S. GAAP diluted EPS of $1.03. Non-GAAP gross margin of 49.0%, non-GAAP operating income as a percentage of revenue of ...

Core Insights - Lam Research (LRCX) has consistently beaten earnings estimates and is well-positioned for future earnings reports [1][5] - The company reported earnings of $0.91 per share for the most recent quarter, exceeding the expected $0.87, resulting in a surprise of 4.60% [2] - For the previous quarter, Lam Research reported $0.86 per share against an expectation of $0.80, achieving a surprise of 7.50% [2] Earnings Performance - The average surprise for Lam Research over the last two quarters was 6.05% [1] - The company has a positive Earnings ESP of +0.15%, indicating recent bullish sentiment among analysts regarding its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [5][8] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [9]

The semiconductor industry is arguably the biggest driver across the entire stock market. Outside of recent political news, semiconductors are at the forefront of investors' minds, research, and data. What makes these semiconductor devices actually operate? There are many pieces to the puzzle, but one bigI am an investment author with passion for finance and global markets. I enjoy gearing toward economic analysis, specifically on a macro level. Through current and forward looking market trends, fundamental ...