Key insights
- Lam Research (LRCX) reported strong first-quarter results, beating EPS and revenue estimates. The company provided Q2 guidance that was mixed, with EPS estimates ranging above and below consensus, and revenue guidance also showing a wide range that includes the consensus. While the beat is positive, the broad guidance range suggests some uncertainty ahead for the semiconductor equipment manufacturer.
Investing.com - Lam Research (NASDAQ: LRCX) reported first quarter EPS of $6.85, $0.78 better than the analyst estimate of $6.07. Revenue for the quarter came in at $3.48B versus the consensus estimate of $3.41B.
Lam Research sees Q2 2024 EPS of $6.25-$7.75 versus the analyst consensus of $6.79.
Lam Research sees Q2 2024 revenue of $3.4-$4 billion, versus the consensus of $3.65 billion.
Lam Research's stock price closed at $642.24. It is up 2.98% in the last 3 months and up 94.57% in the last 12 months.
Lam Research saw 17 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See Lam Research's stock price’s past reactions to earnings here.
According to InvestingPro, Lam Research's Financial Health score is "great performance".
Check out Lam Research's recent earnings performance, and Lam Research's financials here.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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