Financial Performance - Revenue for the quarter increased by 15% compared to the same period last year [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new international markets, contributing to a 20% increase in global sales [4]. - A new distribution center was opened in Europe to support the growing demand in the region [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched three new products in the tech segment, which are expected to drive future growth [7]. - R&D investment increased by 25% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive [9]. Operational Efficiency - Implemented new automation technologies, reducing production costs by 10% [10]. - Supply chain optimization led to a 15% reduction in delivery times [11]. - Employee training programs were expanded to improve operational skills and efficiency [12]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a company-wide recycling program, resulting in a 20% decrease in waste [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Customer Engagement - Customer satisfaction scores improved by 5% due to enhanced service quality [16]. - Introduced a new loyalty program, which has already attracted 100,000 new members [17]. - Social media engagement increased by 40% following the launch of targeted marketing campaigns [18]. Financial Health - Total assets grew by 10% year-over-year, reflecting strong financial health [19]. - Debt-to-equity ratio decreased to 0.5, indicating improved financial stability [20]. - Cash flow from operations increased by 18%, providing ample liquidity for future investments [21].

In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp. NASDAQ: LRCX stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market. However, the stock is reversing course with a gain of over 4% in early trading the morning after the company's earnings report. Is this a temporary lift or a sign that Lam Research may be ...

Core Insights - The recommendation to buy Lam Research (NASDAQ: LRCX) made on July 01, 2024, has not yielded positive results, with the stock declining by 27% while the S&P 500 has increased by 6.37% [1] Company Performance - Lam Research's stock performance has been significantly underwhelming compared to the broader market, indicating potential challenges or market sentiment issues affecting the company [1] Analyst Background - The analyst has a background in engineering and a strong interest in technology stocks, which may influence the perspective on Lam Research and its market position [1]

BofA Securities analyst Vivek Arya reiterated the Buy rating on Lam Research LRCX, raising the price forecast to $92 from $88.Arya expresses confidence in Lam Research’s leverage to key tech trends, its strong exposure to a NAND recovery, and solid free cash flow generation.However, the analyst notes that while China is expected to normalize to 30% of the mix in December, ongoing risks from export controls remain, and gains in gross and operating margins appear limited.The analyst raises the earnings estima ...

Lam Research Corporation (LRCX) delivered first-quarter fiscal 2025 post-split non-GAAP earnings of 86 cents per share, which surpassed the Zacks Consensus Estimate of 80 cents. The figure increased 6.2% sequentially. Lam Research announced its decision of a 10-for-1 stock split on May 21, 2024. The stock split was made effective on Oct. 2, 2024, for shareholders of record at that time.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $4.17 billion surpassed the Zacks Consen ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Lam Research Corporation (NASDAQ: LRCX ) reported its first quarter of FY25 after the bell on Wednesday, confirming two of our three-part positive thesis on Lam . The two parts of our thesis that remain in playAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in ...

I initiated a 'Strong Buy' rating on Lam Research (NASDAQ: LRCX ) in April 2024, highlighting the growth potential of HBM-Driven DRAM. I believe their 3rd generation of cryogenic dielectric etch technology could pave the way for future leadership in theMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth pot ...

Financial Data and Key Metrics - Revenue for the September quarter was $4.17 billion, an 8% increase from the prior quarter [15] - Deferred revenue balance at the end of the quarter was $2.05 billion, up $495 million from the June quarter [15] - Free cash flow for the quarter was $1.46 billion, representing 35% of revenue [14] - Gross margin for the September quarter was 48.2%, exceeding the guided range [19] - Operating margin for the quarter was 30.9%, slightly above the June quarter level of 30.7% [19] - Diluted earnings per share was $0.86, above the midpoint of the guided range [21] Business Line Data and Key Metrics - Systems revenue in memory was 35%, with DRAM increasing to 24% of systems revenue from 19% in the June quarter [15] - Non-volatile memory segment represented 11% of systems revenue, down from 17% in the prior quarter [16] - Foundry segment represented 41% of systems revenue, a slight decrease from 43% in the June quarter [17] - Logic and other segment was 24% of systems revenue, up from 21% in the prior quarter [17] - Customer support business group generated approximately $1.8 billion in revenue, up 4% from the June quarter [18] Market Data and Key Metrics - China region accounted for 37% of total revenue, down slightly from 39% in the prior quarter [17] - Korea accounted for 18% of revenue, flat with the June quarter [18] - Spending in China is expected to decline to approximately 30% of revenue in the December quarter [6][17] Company Strategy and Industry Competition - The company expects to outperform overall WFE growth in 2025 due to the critical role of etch and deposition in enabling higher performance semiconductor device architectures [7] - NAND spending recovery is expected to be driven by technology upgrades, benefiting the company's industry-leading position in critical NAND processes [8] - The company is well-positioned to benefit from growing investments in gate-all-around, backside power distribution, advanced packaging, and dry EUV resist processing [8] - Advanced packaging has been a highlight, with SABRE 3D revenue more than doubling this year [11] Management Commentary on Operating Environment and Future Outlook - The company anticipates WFE growth from the mid-$90 billion range in 2024, with an outstanding opportunity to outperform overall WFE growth in 2025 [6][7] - The AI era is driving strong investments in leading-edge logic nodes and advanced packaging segments, including high-bandwidth memory [6] - The company expects NAND spending to increase in calendar 2025 as utilization rates improve and customers invest in conversions to 256- and 384-layer class devices [16] Other Important Information - The company allocated approximately $1 billion to open market share repurchases and paid $261 million in dividends in the September quarter [20] - The company ended the September quarter with approximately 17,700 regular full-time employees, an increase of approximately 500 people from the prior quarter [23] - The company expects revenue of $4.3 billion, plus or minus $300 million, for the December 2024 quarter [23] Q&A Session Summary Question: China WFE and its impact on the company's revenue - The company expects China WFE to be lower next year, with China representing a lower percentage of total revenue [27] - Outside of China, leading-edge foundry and logic, as well as DRAM, continue to show strong trends [28] - The company's exposure to technology inflections and investments is primarily outside of China, contributing to the expected decline in China's revenue share [29] Question: NAND utilization and WFE spending outlook - The company sees strong utilization for existing NAND capacity and expects technology upgrades to drive higher-quality bits, particularly for enterprise SSDs and AI applications [31] - The company is optimistic about NAND spending in 2025, driven by technology upgrades that align with its product portfolio [32] Question: Advanced packaging and HBM revenue outlook - The company's advanced packaging business has continued to strengthen, driven by AI, with SABRE 3D and copper plating showing strong performance [34] - The company is positive on advanced packaging for 2025, with further details expected in the January earnings call [34] Question: Moly adoption and its impact on the business - The adoption of moly in NAND, DRAM, and foundry/logic represents a net gain opportunity for the company, with production wins scaling in 2025 [36] Question: Leading-edge foundry and logic outlook - The company's outlook for leading-edge foundry and logic remains unchanged, with technology inflections like gate-all-around and backside power distribution driving opportunities [37] Question: China revenue and gross margin outlook - China revenue is expected to trend lower as a percentage of total revenue, but it is not going away [40] - Gross margin guidance for the December quarter reflects a headwind from customer mix, but operational efficiencies are expected to provide some offset [42] Question: CSBG and Reliant business in a slowing China market - The Reliant business may face headwinds from slower China WFE, but other components of CSBG, such as equipment intelligence services, are expected to grow [45] Question: OpEx and operating leverage into 2025 - The company has funded necessary projects and expects to deliver operating leverage into 2025, depending on WFE growth and top-line performance [47] Question: NAND drivers for outperformance in 2025 - The company expects NAND spending in 2025 to be dominated by technology upgrades, where it has a high capture rate [50] - Advanced packaging, backside power, and gate-all-around are also expected to contribute to outperformance [52] Question: Inventory management and recovery outlook - Inventory levels are being managed to align with customer demand, with NAND inventory expected to move lower as business ticks up [56] Question: Visibility into WFE growth by market segment - The company has good visibility into NAND, leading-edge foundry/logic, and advanced packaging, with China WFE expected to be lower [58] Question: Market share assumptions for outperformance - The company expects to gain share in markets like selective etch and ALD, driven by technology transitions and expanded product portfolio [60] Question: Gross margin drivers and China mix impact - Operational efficiencies and a growing top line are expected to help offset the negative impact of a lower China mix on gross margins [62] Question: NAND tech transition vs. capacity-driven market - The company expects to outperform WFE in a tech transition market, with higher share of spend during upgrades [64] Question: China WFE dynamics compared to peers - The company's growth in China has been different from peers, making direct comparisons difficult [67] Question: Dry Resist adoption curve - Dry Resist adoption is not necessarily tied to high NA and is driven by economic and performance benefits [69] Question: Commerce Department export controls and China outlook - The company's outlook for China WFE is based on its best understanding of potential export controls [73] Question: December quarter growth ex-China - The company expects double-digit growth ex-China in the December quarter, driven by customer expectations and orders [75] Question: NAND upgrade timing - NAND upgrades are primarily a 2025 storyline, with more details expected early next year [79] Question: DRAM trends and outlook - DRAM trends remain strong, driven by the transition to DDR5 and high-bandwidth memory, with no significant changes in the last 90 days [82] Question: China revenue as a percentage of total revenue in 2025 - China revenue is likely to trend below 30% of total revenue in 2025, given growth in other segments [83]

Lam Research (LRCX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.75 per share when it actually produced earnings of $0.81, delivering a surprise of 8%.Over the last four quarters ...

Lam Research Corporation September quarter 2024 financial results October 23, 2024 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 ...