Summary of Lam Research Corporation Conference Call Company Overview - **Company**: Lam Research Corporation (NASDAQ:LRCX) - **Event**: Barclays 22nd Annual Global Technology Conference - **Date**: December 11, 2024 Key Industry Insights Wafer Fab Equipment (WFE) Market - **2024 Spending**: Expected to be around $95 billion, with strong performance in leading-edge foundry and logic, as well as DRAM segments [6][8] - **NAND Market**: Anticipated to strengthen in 2025 after a prolonged period of softness, with a focus on upgrading the installed base rather than adding new capacity [10][11] - **DRAM Market**: Expected to remain strong, driven by high bandwidth memory (HBM) and the transition to DDR5 technology [13][42] Growth Drivers - **NAND Upgrades**: Two-thirds of the installed base is aged (sub-200 layer devices), indicating a significant opportunity for upgrades [11][36] - **Advanced Packaging**: Projected to exceed $1 billion in revenue this year, driven by chiplet architecture and high bandwidth memory applications [22][24] - **Gate-All-Around Technology**: Represents a $1 billion addressable market for every 100,000 wafer starts, with significant growth expected [25][28] China Market Dynamics - **Equipment Sales**: All equipment sold to China is being deployed, but spending is expected to trend lower in 2025 due to a shift towards smaller, newer customers focusing on trailing-edge technology [48][52] - **Impact of Regulations**: Recent U.S. government restrictions have not significantly altered Lam's outlook, although some customers have been placed on a restricted list [54][55] Financial Performance and Projections Customer Support Business Group (CSBG) - **Revenue Contribution**: CSBG accounted for 42% of total revenue, with spare parts and service being the largest components [57][62] - **Growth Outlook**: Positive growth expected in spares, service, and upgrades, despite potential headwinds from the Reliant product line [61][62] Capital Return Strategy - **Cash Position**: Lam has approximately $6 billion in cash, with plans to return 75% to 100% of free cash flow through dividends and stock buybacks [72][74] Gross Margin Considerations - **Margin Pressure**: Anticipated moderation in gross margins due to a higher concentration of smaller customers in China, but offset by cost efficiencies from manufacturing in Malaysia [68][70][71] Additional Insights - **Technological Innovations**: Lam is focusing on evolving technologies such as dry photoresist and backside power, which are expected to create new revenue opportunities in the coming years [30][28] - **Market Positioning**: Lam is well-positioned to outperform the broader market due to its critical role in enabling industry growth phases [40]

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FREMONT, Calif., Dec. 2, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX).Today, the U.S. government announced additional measures to further restrict semiconductor technology exports to China. Our initial assessment is that the effect of the announced measures on Lam's business will be broadly consistent with our prior expectations. As a result, at this time we have no plans to update Lam's financial guidance for the December 2024 quarter as stated in our earnings press release on October 23, 2024.Ab ...

While the "Magnificent Seven" stocks often get a lion's share of attention in the tech world, semiconductor stocks outside Nvidia are often ignored by a lot of investors. And the semiconductor capital equipment ("semicap") stocks -- the makers of high-tech machines that produce semiconductors -- are ignored even more.This is despite the semicaps having some of the best businesses around. Today, semicap leader Lam Research (LRCX 3.23%) looks like an excellent buy for long-term investors, especially after the ...

Lam Research (NASDAQ: LRCX ) stock investors have had it rough this year, with the stock down more than 5% in value. Over the past six months, the scenario is even more dire, with the stock losing 24%, contrasting its lofty 2023 gain, within strikingMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, GuruFocus, BarCharts, Ti ...

As Lam Research Corporation (NASDAQ: LRCX ) entered into FY25, it experienced double-digit growth across its topline after nearly a 15% decline in FY24. This growth was due to strong contributions from DRAM and NAND technologies of the memoryAs a finance enthusiast with years of experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies that have strong foundations and see them doing well in the long ...

Lam Research's (NASDAQ: LRCX ) investors should take a mixed approach when it comes to LRCX as it makes waves in the semiconductor industry. The demand for its cutting-edge chipmaking technology drove the company to post solid Q1 earnings. The ongoingI am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock ...

Group 1 - Lam Research Corp. will have its Executive Vice President and CFO, Doug Bettinger, participate in two upcoming investor events: UBS Global Technology and AI Conference on December 3, 2024, and Barclays 22nd Annual Global Technology Conference on December 11, 2024 [1] - Live audio webcasts of these presentations will be accessible to the public via Lam's website, with replays available for two weeks post-presentation [1] Group 2 - Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry, enabling the production of smaller and higher-performing devices [2] - The company is recognized for its technology leadership and commitment to customer service, and it is a FORTUNE 500® company headquartered in Fremont, California [2]

Lam Research Corporation (LRCX) , a leader in semiconductor fabrication equipment, currently trades at a forward 12-month price-to-earnings (P/E) ratio of 18.74, significantly lower than the Zacks Electronics – Semiconductors industry average of 27.63. LRCX stock’s P/E multiple is also lower than its peers in the semiconductor space, including ASML Holding (ASML) , Advanced Energy Industries (AEIS) and KLA Corporation (KLAC) .Image Source: Zacks Investment ResearchAt present, ASML Holding, Advanced Energy I ...

Stock-split fever has infected many investors in 2024. That perhaps shouldn't be surprising considering the sheer volume of stock splits. There have been more than 450 forward stock splits year to date, including reverse stock splits. Additional stock splits are on the way in the next few weeks. Several stocks of companies that have already conducted splits this year have been big winners. For example, Microstrategy's shares have skyrocketed over 420% with Nvidia soaring around 190%. One stock-split stock h ...