What's in the Cards for Lam Research (LRCX) in Q2 Earnings?

Lam Research Corporation (LRCX) is scheduled to report second-quarter fiscal 2024 results on Jan 24.For the fiscal second quarter, the company expects revenues of $3.7 billion (+/- $300 million). The Zacks Consensus Estimate for revenues is pegged at $3.71 billion, indicating a decline of 29.7% from the year-ago reported figure.The company anticipates non-GAAP earnings per share (EPS) of $7.00 (+/- 75 cents) for second-quarter fiscal 2024. The consensus mark for EPS is pegged at $7.05, indicating a 34.2% fa ...