Lam Research Beats Q1 Earnings Estimates: Details

Core Insights - Lam Research Corp. reported first-quarter earnings of $1.26 per share, exceeding analyst estimates of $1.22 [2] - The company achieved quarterly revenue of $5.32 billion, surpassing the Street estimate of $5.23 billion and showing a significant increase from $4.16 billion in the same period last year [2] Financial Performance - Earnings per share: $1.26, beating estimates [2] - Quarterly revenue: $5.32 billion, up from $4.16 billion year-over-year [2] Management Commentary - CEO Tim Archer highlighted that Lam's innovations are addressing major AI-driven semiconductor manufacturing changes [3] - The company is well-positioned for continued growth with an expanding portfolio of products and solutions across critical device segments [3] Stock Performance - Lam Research stock increased by 2.83% to $145.25 in extended trading [4]