FREMONT, Calif., July 31, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today extended its leadership in 3D NAND flash memory etching with the introduction of Lam Cryo™ 3.0, the third generation of the company's production-proven cryogenic dielectric etch technology. As the proliferation of generative artificial intelligence (AI) continues to propel the demand for memory with higher capacity and performance, Lam Cryo 3.0 provides etch capabilities critical for the manufacturing of future leading-ed ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Lam Research Corporation Reports Financial Results for the Quarter Ended June 30, 2024 FREMONT, Calif., July 31, 2024 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 30, 2024 (the "June 2024 quarter"). Highlights for the June 2024 quarter were as follows: • Revenue of $3.87 billion. • U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 29.1%, and U.S. GAAP d ...

FREMONT, Calif., July 31, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 30, 2024 (the "June 2024 quarter"). Highlights for the June 2024 quarter were as follows: Revenue of $3.87 billion. U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 29.1%, and U.S. GAAP diluted EPS of $7.78. Non-GAAP gross margin of 48.5%, non-GAAP operating income as a percentage of revenue of 30. ...

Lam Research (LRCX) is scheduled to release its fourth-quarter fiscal 2024 results on Jul 31. | --- | --- | --- | --- | --- | |-----------------------------------------|---------------------|-------------------|-----------------------|--------------------| | | | | | | | Magnitude - Consensus Estimate Trend 0 | urrent Otr (6/2024) | Next Otr (9/2024) | Current Year (6/2024) | Next Year (6/2025) | | Current | 7.52 | 7.98 | 29.67 | 35.25 | | 7 Days Ago | | 7.98 | 29.67 | 35.25 | | | | 7.98 | 29.67 | 35.29 | | ...

Lam Research (LRCX) has seen its stock price climb 22.7% year to date, underperforming the industry's growth of 28.1% while outperforming the S&P 500 index's rise of 17.1%. A challenging global macroeconomic environment due to rising geo-political tensions and persistent inflation are major concerns for the leading global supplier of innovative wafer fabrication equipment. Image Source: Zacks Investment Research The company's strength in deposition and etch, core competencies in areas such as nanoscale appl ...

The the stock of semiconductor equipment maker has fallen by 4.62% in the past month, lagging the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%. It is also important to note the recent changes to analyst estimates for Lam Research. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Rangi ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? 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 recommendation (ABR) of ...

"As the criticality of semiconductors increases, the importance of Lam's technologies continues to accelerate," said Harter. "I look forward to working closely with our legal team to advance and protect Lam innovation as we ethically and responsibly serve our customers around the world." Company Contacts Harter most recently served as executive vice president and chief legal officer at Whirlpool Corporation where she held enterprise-wide responsibility for global legal matters, as well as security and claim ...

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Lam Research (LRCX) closed the most recent trading day at $1,069.11, moving -0.07% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.4%. The the stock of semiconductor equipment maker has risen by 3.27% in the past month, lagging the Comput ...

What's Driving the Outperformance? For the current fiscal year, Lam Research is expected to post earnings of $35.29 per share on $14.84 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $44.17 per share on $17.16 billion in revenues. This represents a year-over-year change of 18.96% and 15.62%, respectively. Lam Research may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics ...