Lam Research Corporation (LRCX) delivered second-quarter fiscal 2024 non-GAAP earnings of $7.52 per share, which surpassed the Zacks Consensus Estimate by 6.5%. The figure decreased by 29.8% from the year-ago fiscal quarter’s reading.Revenues of $3.76 billion surpassed the Zacks Consensus Estimate of $3.71 billion. The figure declined by 28.8% year over year. This was primarily attributed to weakness in the systems business due to sluggish memory spending.Lam Research’s system revenues were $2.29 billion (6 ...

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Lam Research Corporation (NASDAQ:LRCX) Q2 2024 Earnings Conference Call January 24, 2024 5:00 PM ET Company Participants Ram Ganesh - Head, IR Timothy Archer - President, CEO & Director Douglas Bettinger - EVP & CFO Conference Call Participants Timothy Arcuri - UBS Harlan Sur - JPMorgan Chase & Co. Atif Malik - Citigroup Brian Chin - Stifel, Nicolaus & Company Krish Sankar - TD Cowen Christopher Caso - Wolfe Research Srinivas Pajjuri - Raymond James & Associates Stacy Rasgon - Sanford C. Bernstein & Co. Jos ...

FREMONT, Calif., Jan. 24, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 24, 2023 (the "December 2023 quarter"). Highlights for the December 2023 quarter were as follows: Revenue of $3.76 billion. U.S. GAAP gross margin of 46.8%, U.S. GAAP operating income as a percentage of revenue of 28.1%, and U.S. GAAP diluted EPS of $7.22. Non-GAAP gross margin of 47.6%, non-GAAP operating income as a percentage of r ...

Lam Research Corporation (LRCX) is scheduled to report second-quarter fiscal 2024 results on Jan 24.For the fiscal second quarter, the company expects revenues of $3.7 billion (+/- $300 million). The Zacks Consensus Estimate for revenues is pegged at $3.71 billion, indicating a decline of 29.7% from the year-ago reported figure.The company anticipates non-GAAP earnings per share (EPS) of $7.00 (+/- 75 cents) for second-quarter fiscal 2024. The consensus mark for EPS is pegged at $7.05, indicating a 34.2% fa ...

Lam Research (LRCX) shares ended the last trading session 5.2% higher at $826.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.1% gain over the past four weeks.Lam Research extended its rally, driven by its strength across 3D DRAM and advanced packaging technologies. Further, growing etch and deposition intensity owing to increasing technology inflections in 3D architectures, is a positive. The company's techn ...

Lam Research (LRCX) closed at $761.14 in the latest trading session, marking a +0.19% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.37%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 0.19%.Heading into today, shares of the semiconductor equipment maker had lost 1.33% over the past month, lagging the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment community will be paying close a ...

Lam Research (LRCX) closed the latest trading day at $752.02, indicating a -0.68% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.09%.The semiconductor equipment maker's shares have seen an increase of 2.93% over the last month, surpassing the Computer and Technology sector's gain of 1.19% and falling behind the S&P 500's gain of 3.5%.The investment community will be closely monit ...

The most recent trading session ended with Lam Research (LRCX) standing at $736.93, reflecting a -1.65% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.8%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 1.18%.Shares of the semiconductor equipment maker witnessed a gain of 7.48% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.11% and the S&P 500's gain of 3.4%.Mark ...

The market has been pleased with top memory chipmaker Micron Technology's (MU 1.18%) mounting comeback. Memory chip inventories skyrocketed in 2022 as PC and smartphone sales dropped and Micron's customers pared back spending to manage their cash during the downturn. However, as the generative AI hype has developed into a full-fledged industry with massive growth potential, demand for bleeding-edge memory has ratcheted back up. In anticipation of a multi-year run-up for Micron's sales, especially for AI app ...