Lam Research (LRCX) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Lam Research (LRCX) reported quarterly earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $1 per share, and showing an increase from $0.78 per share a year ago, indicating a positive earnings surprise of 4% [1][2] Financial Performance - The company achieved revenues of $4.72 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.64%, and up from $3.79 billion in the same quarter last year [2] - Over the last four quarters, Lam Research has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Lam Research shares have declined approximately 12.1% since the beginning of the year, compared to a decline of 10.1% for the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $4.54 billion, and for the current fiscal year, it is $3.73 on revenues of $17.73 billion [7] - The estimate revisions trend for Lam Research is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Electronics - Semiconductors industry, to which Lam Research belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable industry outlook [8]