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Stockreport

KLA Corp projects quarterly revenue above estimates as AI fuels chip demand [Reuters]

Lam Research Corporation (LRCX)  More Company Research Source: Reuters
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
strong demand for its chip-making tools from semiconductor makers looking to tap into a surge in demand for use in AI applications. Shares of the Milpitas, California-based company rose more than 2% in extended trading. KLA forecast revenue in the range of $2.50 billion, plus or minus $125 million, compared with estimates of $2.42 billion, according to LSEG data. Orders for chip equipment makers such as KLA have been boosted by enterprises dialing up spending on high-end chips to power AI servers and applications to improve their infrastructure. TSMC , the world's largest contract chipmaker, had said earlier this month that it as much as 30%. Peer Lam Research also upbeat quarterly revenue on Wednesday. KLA expects adjusted diluted earnings per share of $6.07, plus or minus 60 cents, compared with estimates of $5.68 per share. The company reported third-quarter revenue of $2.36 billion, beating the average analyst estimate of $2.31 billion. KLA reported earnings per shar [Read more]
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Stockreport

KLA Corp projects quarterly revenue above estimates as AI fuels chip demand [Reuters]

Lam Research Corporation  (LRCX) 
More Company Research Source: Reuters
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
strong demand for its chip-making tools from semiconductor makers looking to tap into a surge in demand for use in AI applications. Shares of the Milpitas, California-based company rose more than 2% in extended trading. KLA forecast revenue in the range of $2.50 billion, plus or minus $125 million, compared with estimates of $2.42 billion, according to LSEG data. Orders for chip equipment makers such as KLA have been boosted by enterprises dialing up spending on high-end chips to power AI servers and applications to improve their infrastructure. TSMC , the world's largest contract chipmaker, had said earlier this month that it as much as 30%. Peer Lam Research also upbeat quarterly revenue on Wednesday. KLA expects adjusted diluted earnings per share of $6.07, plus or minus 60 cents, compared with estimates of $5.68 per share. The company reported third-quarter revenue of $2.36 billion, beating the average analyst estimate of $2.31 billion. KLA reported earnings per shar [Read more]
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LRCX
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Performance comparison Updated
EVENT DAY
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Multi-day stock performance from the time of the news release
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%
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%
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%
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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