Lam Research Corporation (LRCX) delivered third-quarter fiscal 2024 non-GAAP earnings of $7.79 per share, which surpassed the Zacks Consensus Estimate by 7.3%. The figure increased 11.4% from the year-ago quarter.Revenues of $3.79 billion surpassed the Zacks Consensus Estimate of $3.70 billion. The figure declined 2% year over year. This was primarily attributed to weakness in the systems business due to sluggish memory spending.Lam Research’s system revenues were $2.39 billion (63% of the total revenues), ...

Lam Research (LRCX) came out with quarterly earnings of $7.79 per share, beating the Zacks Consensus Estimate of $7.26 per share. This compares to earnings of $6.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.30%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $7.06 per share when it actually produced earnings of $7.52, delivering a surprise of 6.52%.Over the last four quart ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Lam Research Corporation Reports Financial Results for the Quarter Ended March 31, 2024 "With solid revenue and earnings per share performance in the March quarter, Lam is off to a strong start in calendar 2024" said Tim Archer, Lam Research's President and Chief Executive Officer. "As our customers address the challenges in scaling semiconductors to meet the power and speed requirements for driving AI transformation, Lam is strengthening its leadership and is well-positio ...

After enduring a downturn in 2023, the semiconductor industry has been steadily making a rebound. A period of sluggishness due to various economic challenges and supply-chain disruptions appears to be receding, paving the way for a rebound.This is evident from the monthly data on global semiconductor sales from the Semiconductor Industry Association (“SIA”). On Apr 3, SIA reported that global semiconductor sales increased 16.3% year over year in February 2024 to $46.2 billion. This year-over-year growth tre ...

Lam Research (LRCX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find i ...

The company certainly feels like the right kind of business at the right time for its market.The stock of semiconductor equipment maker Lam Research (LRCX -5.29%) has done very well of late (it's up 87% over the past year), yet one pundit tracking the company believes it can go even higher. In his view, the stock is well positioned to break through the $1,000-per-share level, setting a new all-time-high share price.Stifel analyst feels Lam Research could touch a new record highIn mid-April, Stifel Financial ...

In the latest market close, Lam Research (LRCX) reached $965.04, with a +1.99% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.The semiconductor equipment maker's stock has climbed by 2.26% in the past month, exceeding the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9%.Investors will be eagerly watching for the performance of Lam Research ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lam Research (LRCX) , which belongs to the Zacks Semiconductor Equipment - Wafer Fabrication industry.This semiconductor equipment maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.68%.For the most recent quarter, Lam Researc ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lam Research (LRCX) .Lam Research currently has an average brokerage recom ...

MF3d Lam Research (NASDAQ:LRCX) is the stalwart backbone of the semiconductor industry producing the wafer fabrication equipment required to produce semiconductors worldwide. While it doesn't have the monopoly status of ASML Holdings (ASML) with its advanced EUV lithography machines, it is an integral and essential part of the semiconductor food chain, without which most of the industry would not survive. I own it and had planned to recommend it several times but often baulked at the cyclical, commodity ...