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 ...

Revenue Performance - Revenue for the September 2024 quarter was $4.17 billion, an 8% increase quarter-over-quarter (Q/Q) from $3.87 billion in the June 2024 quarter[1][2][4] - Revenue for the quarter ended September 29, 2024, was $4.17 billion, up 7.7% from $3.87 billion in the previous quarter and 19.7% from $3.48 billion in the same quarter last year[15] - Revenue from China accounted for 37% of total revenue in the September 2024 quarter, followed by Korea (18%), Taiwan (15%), and the United States (12%)[7] - Systems revenue, including sales of new leading-edge equipment, was $2.39 billion in the September 2024 quarter, up from $2.17 billion in the June 2024 quarter[8] Gross Margin - Non-GAAP gross margin was 48.2% in the September 2024 quarter, a 30 basis points (bps) decrease from 48.5% in the June 2024 quarter[1][5] - Gross margin for the quarter was $2.00 billion, representing 48.0% of revenue, compared to 47.5% in the previous quarter and the same quarter last year[15] - U.S. GAAP gross margin for the three months ended September 29, 2024 was $2,002,683, compared to $1,840,098 for the three months ended June 30, 2024[20] - Non-GAAP gross margin for the three months ended September 29, 2024 was $2,009,022, compared to $1,876,345 for the three months ended June 30, 2024[20] - U.S. GAAP gross margin as a percentage of revenue for the three months ended September 29, 2024 was 48.0%, compared to 47.5% for the three months ended June 30, 2024[20] - Non-GAAP gross margin as a percentage of revenue for the three months ended September 29, 2024 was 48.2%, compared to 48.5% for the three months ended June 30, 2024[20] Operating Income - Non-GAAP operating income as a percentage of revenue was 30.9% in the September 2024 quarter, a 20 bps increase from 30.7% in the June 2024 quarter[1][5] - U.S. GAAP operating income for the three months ended September 29, 2024 was $1,264,197, compared to $1,126,560 for the three months ended June 30, 2024[20] - Non-GAAP operating income for the three months ended September 29, 2024 was $1,286,874, compared to $1,187,212 for the three months ended June 30, 2024[20] - U.S. GAAP operating income as a percentage of revenue for the three months ended September 29, 2024 was 30.3%, compared to 29.1% for the three months ended June 30, 2024[20] - Non-GAAP operating income as a percentage of revenue for the three months ended September 29, 2024 was 30.9%, compared to 30.7% for the three months ended June 30, 2024[20] Earnings Per Share (EPS) - Non-GAAP diluted EPS post-split was $0.86 in the September 2024 quarter, a 6% increase from $0.81 in the June 2024 quarter[1][5] - Diluted earnings per share (pre-split) for the quarter were $8.60, up from $8.14 in the previous quarter and $6.66 in the same quarter last year[18] - Non-GAAP net income per diluted share is expected to be $0.87 (+/- $0.10) for the next quarter[10] Net Income - Net income for the quarter was $1.12 billion, up 9.4% from $1.02 billion in the previous quarter and 25.8% from $887.4 million in the same quarter last year[15] - U.S. GAAP net income for the three months ended September 29, 2024 was $1,116,444, compared to $1,020,282 for the three months ended June 30, 2024[19] - Non-GAAP net income for the three months ended September 29, 2024 was $1,121,507, compared to $1,066,890 for the three months ended June 30, 2024[19] Cash and Cash Equivalents - Cash, cash equivalents, and restricted cash balances increased to $6.1 billion at the end of the September 2024 quarter, up from $5.9 billion in the June 2024 quarter[6] - Cash and cash equivalents increased to $6.07 billion as of September 29, 2024, up from $5.85 billion at the end of the previous quarter and $5.13 billion a year ago[16] Deferred Revenue - Deferred revenue increased to $2,047 million in the September 2024 quarter, up from $1,552 million in the June 2024 quarter[6] Operating Cash Flow - Operating cash flow for the quarter was $1.57 billion, significantly higher than $862.4 million in the previous quarter and $951.2 million in the same quarter last year[17] Capital Expenditures - Capital expenditures for the quarter were $110.6 million, compared to $100.7 million in the previous quarter and $77.0 million in the same quarter last year[17] Stock Repurchase - The company repurchased $997.0 million worth of treasury stock during the quarter, compared to $373.6 million in the previous quarter and $843.2 million in the same quarter last year[17] Total Assets - Total assets increased to $19.53 billion as of September 29, 2024, up from $18.74 billion at the end of the previous quarter and $18.54 billion a year ago[16] Research and Development Expenses - Research and development expenses for the quarter were $495.4 million, slightly lower than $497.8 million in the previous quarter but higher than $422.6 million in the same quarter last year[15] Revenue Guidance - The company provided revenue guidance of $4.30 billion (+/- $300 million) for the next quarter, with a non-GAAP gross margin of 47.0% (+/- 1%)[10]

FREMONT, Calif., Oct. 23, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 29, 2024 (the "September 2024 quarter").On May 21, 2024, the Company announced a ten-for-one stock split which was effective October 2, 2024. All references made to share or per share amounts in this press release have been adjusted to reflect the stock split, unless otherwise indicated.Highlights for the September 2024 quarter were ...

I prefer to look for GARP (growth at a reasonable price) stocks but also look for opportunities everywhere else. I don't have a specified time horizon. I invest in a stock for as long as my thesis holds true, and I get out when the facts change. In addition, I've developed market-beating algorithms with Python that have helped me find attractive investment opportunities within my own portfolio, and I have been investing since 2016.On top of that, I've worked at TipRanks as an analysis/news writer and even a ...

Lam Research Corporation (LRCX) is scheduled to release its first-quarter fiscal 2025 results on Oct 23.For the first quarter of fiscal 2025, the company expects revenues of $4.05 billion (+/- $300 million). The Zacks Consensus Estimate is pegged at $4.05 billion, indicating 16.3% growth from the figure reported in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus mark for earnings is pegged at 80 cents per share, indicating growth of 15.9% from the ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...

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 sellside) 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 reco ...

Shares of Lam Research (LRCX) have gained 9.8% over the past four weeks to close the last trading session at $80.61, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $102.67 indicates a potential upside of 27.4%. The average comprises 25 short-term price targets ranging from a low of $77.40 to a high of $132.50, with a standard deviation of $12.64. While the lowest estimate indic ...

Micron's latest results suggest the memory chip market is in great shape. That's solid news for another semiconductor company. Micron Technology (MU 1.97%) released its results for fiscal 2024 on Sept. 25. The data released offers a clear indication that the memory chip market is hot thanks to favorable supply/demand dynamics. Micron reported $7.75 billion in fiscal Q4 revenue, a stunning increase of 93% year over year. Additionally, the company's operating income margin swung to a positive 22.5% from a neg ...