Core Insights - Lam Research Corporation reported a revenue of $4.376 billion for the December 2024 quarter, representing a 5% increase from the previous quarter [1][2][3] - The gross margin as a percentage of revenue decreased to 47.4% from 48.0% in the previous quarter, while operating income as a percentage of revenue increased to 30.5% from 30.3% [1][2][3] - Diluted earnings per share (EPS) rose to $0.92, a 7% increase compared to $0.86 in the September 2024 quarter [1][2][3] Financial Performance - For the December 2024 quarter, U.S. GAAP net income was $1.191 billion, compared to $1.116 billion in the September 2024 quarter [2][3] - Non-GAAP net income for the same period was $1.175 billion, up from $1.122 billion in the previous quarter [3][10] - Operating expenses were reported at $739 million, slightly up from $738 million in the previous quarter [2][3] Revenue Breakdown - The geographic distribution of revenue for the December 2024 quarter was as follows: China (31%), Korea (25%), Taiwan (17%), United States (9%), Japan (8%), Southeast Asia (7%), and Europe (3%) [6] - Systems revenue for the quarter was $2.626 billion, while customer support-related revenue was $1.750 billion [7][8] Balance Sheet and Cash Flow - Cash, cash equivalents, and restricted cash decreased to $5.7 billion at the end of the December 2024 quarter from $6.1 billion at the end of the September 2024 quarter [4][16] - Deferred revenue decreased to $2.032 billion from $2.047 billion in the previous quarter [5] - The estimated future revenue from shipments to customers in Japan was approximately $453 million as of December 29, 2024 [5] Outlook - For the quarter ending March 30, 2025, the company provided guidance of revenue around $4.65 billion, with a gross margin percentage of 47.9% [9][10] - The expected diluted EPS for the upcoming quarter is projected to be $1.00 [9][10]

Lam Research Corporation (LRCX) is scheduled to release its second-quarter fiscal 2025 results on Jan. 29. The Zacks Consensus Estimate for earnings is pegged at 87 cents per share, calling for growth of 16% from the figure reported in the year-ago quarter. The earnings figure has been unchanged over the past 60 days.Image Source: Zacks Investment ResearchStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the second quarter of fiscal 2025, the company expects revenues of $4.3 billi ...

Core Viewpoint - Palo Alto Networks has shown significant stock performance, with a 157% increase over the past two years, outperforming the Nasdaq-100 Technology Sector index's 78% gain [1] Company Performance - Palo Alto Networks' market capitalization has reached $123 billion, with expectations for future growth driven by the increasing adoption of artificial intelligence (AI) in cybersecurity [2] - The company's revenue pipeline is improving, evidenced by a 20% year-over-year growth in remaining performance obligations (RPO) to $12.6 billion in Q1 of fiscal 2025, compared to a 14% revenue increase to $2.1 billion [3][4] - Analysts project earnings growth for Palo Alto to accelerate to 13% in the next fiscal year and 17% in the following year [4] Competitor Analysis - Marvell Technology, with a market cap of $108 billion, is expected to achieve faster earnings growth, projected at 79% for fiscal year 2026, and 33% for fiscal year 2027 [6][7] - Marvell's data center revenue surged 98% year-over-year to $1.1 billion in Q3 of fiscal 2025, driven by demand for AI processors [8] - Lam Research, with a market cap of nearly $109 billion, is anticipated to benefit from a recovery in semiconductor equipment spending, with revenue expected to increase by 16% to $17.3 billion in the current fiscal year [12][16] - Lam's revenue increased 20% year-over-year to $4.17 billion in Q1 of fiscal 2025, with guidance suggesting a 17% increase for the first half of the fiscal year [15][16] - Both Marvell and Lam Research are positioned to potentially surpass Palo Alto's market cap due to their faster growth rates and more attractive valuations [11][17][18]

Stock Performance - Lam Research (LRCX) closed at $81 50, up 1 49% from the previous session, outperforming the S&P 500 (0 88%), Dow (1 24%), and Nasdaq (0 65%) [1] - Over the past month, LRCX shares gained 8 81%, outperforming the Computer and Technology sector (0 37%) and the S&P 500 (1 17%) [1] Earnings and Revenue Projections - LRCX is projected to report earnings of $0 87 per share on January 29, 2025, representing a 16% YoY growth [2] - Revenue for the upcoming quarter is estimated at $4 31 billion, a 14 59% increase from the same quarter last year [2] - For the full fiscal year, earnings are projected at $3 51 per share (+17 39% YoY) and revenue at $17 19 billion (+15 35% YoY) [3] Analyst Estimates and Valuation - Recent changes in analyst estimates reflect confidence in LRCX's business performance and profit potential [4] - LRCX has a Forward P/E ratio of 22 91, below the industry average of 26 04 [7] - The PEG ratio of LRCX is 1 48, lower than the industry average of 2 2 [7] Industry Overview - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 89, placing it in the top 36% of all industries [8] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 [8]

Lam Research Corporation (LRCX) has seen its stock price drop 17.8% over the past six months, significantly underperforming the Zacks Electronics – Semiconductors industry’s gain of 27.3%. The stock has also underperformed industry peers, including Marvell Technology, Inc. (MRVL) , Broadcom Inc. (AVGO) and Ambarella, Inc. (AMBA) , over the same time frame.6-Month Price Return PerformanceImage Source: Zacks Investment ResearchThis underperformance has raised questions about whether it’s a buying opportunity ...

Chip suppliers ASML Holding NV (NASDAQ:ASML), Broadcom Inc (NASDAQ:AVGO), and Lam Research Corp (NASDAQ:LRCX) are higher today, after Taiwan Semiconductor (TSM) reported record quarterly profits and said they expect revenue to grow in the first three months of 2025 growth thanks to strong artificial intelligence (AI) processing chip demand.ASML is up 4.3% to trade at $757.42 at last glance, but is still struggling with long-term overhead pressure at the $780 level, which rejected last week's rally. Shares a ...

In the latest market close, Lam Research (LRCX) reached $75.06, with a +0.82% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.Prior to today's trading, shares of the semiconductor equipment maker had lost 4.34% over the past month. This has lagged the Computer and Technology sector's loss of 3.73% and the S&P 500's loss of 3.45% in that ti ...

Core Insights - Lam Research Corporation has qualified its innovative dry photoresist technology for direct-print 28nm pitch back end of line (BEOL) logic at 2nm and below, as confirmed by imec, a leading research hub in nanoelectronics [1][3] - The dry resist technology enhances resolution, productivity, and yield in extreme ultraviolet (EUV) lithography, which is crucial for next-generation semiconductor devices [1][4] Company Overview - Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry, with a strong commitment to technology leadership and customer service [6] - The company is headquartered in Fremont, California, and is a FORTUNE 500® company [6] Technology Benefits - The dry photoresist technology offers low-defectivity and high-resolution patterning, which is essential as chipmakers transition to advanced technology nodes with smaller transistor features [2][3] - This technology optimizes patterning by addressing the tradeoff between EUV exposure dose and defectivity, thus improving manufacturing efficiency [3][4] - Lam's dry resist processes are compatible with both low NA and high NA EUV scanners, enhancing EUV sensitivity and wafer pass resolution [4] Sustainability Aspects - The dry resist technology is noted for its sustainability benefits, consuming less energy and five to ten times fewer raw materials compared to traditional wet chemical resist processes [4]

In the latest trading session, Lam Research (LRCX) closed at $77.04, marking a -0.62% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.06%.The semiconductor equipment maker's stock has climbed by 3.18% in the past month, exceeding the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 2.8%.The upcoming earnings release of Lam Research will be of gre ...

Industry Overview - The semiconductor market is currently experiencing significant dynamics driven by surging demand for AI hardware, supply chain disruptions, and geopolitical factors [1] Company Insights - Lam Research is highlighted as one of the giants in the semiconductor sector, indicating its relevance in the current market landscape [1]