Lam Research (LRCX) Q3 Earnings Beat, Revenues Decline Y/Y [Yahoo! Finance]
Lam Research Corporation (LRCX)
Last lam research corporation earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Revenues of $3.79 billion surpassed the Zacks Consensus Estimate of $3.70 billion. The figure declined 2% year over year. This was primarily attributed to weakness in the systems business due to sluggish memory spending. Lam Research's system revenues were $2.39 billion (63% of the total revenues), down 6.2% from the year-ago quarter. The reported figure surpassed the Zacks Consensus Estimate of $2.27 billion. In the Customer Support Business Group, revenues for the reported quarter were $1.39 billion (37%), down 13.4% from the year-ago quarter. The figure missed the consensus mark of $1.44 billion. Although sluggish wafer fabrication equipment (“WFE”) spending has been concerning, modest improvement in it due to additional litho shipments into China is a positive. NAND is expected to benefit from technology upgrades, whereas DRAM is likely to gain from investments in HBM and solidifying prospects in domestic China. Foundry/logic is anticipated to benefit from leading-edge in
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LRCX
News
- Kulicke and Soffa (KLIC) Reports Q1: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
- Unlocking Lam Research (LRCX) International Revenues: Trends, Surprises, and Prospects [Yahoo! Finance]Yahoo! Finance
- Lam Research Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Lam Research Co. (NASDAQ: LRCX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Lam Research Corporation (NASDAQ:LRCX) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LRCX
Earnings
- 4/24/24 - Beat
LRCX
Sec Filings
- 5/3/24 - Form 144
- 4/30/24 - Form 4
- 4/29/24 - Form 10-Q
- LRCX's page on the SEC website