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Lam Research (LRCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Lam Research reported $3.87 billion in revenue last quarter, surpassing analyst expectations. Its strong operating margin of 29% and a return on equity of 45% indicate solid financial health. It will benefit from increasing demand for DRAM and NAND memory, driven by AI, Data Center and industries like automotive. Despite semiconductor industry cyclicality and geopolitical risks, Lam's leadership in AI-related semiconductor technology and solid financials make it a compelling long-term investment.
Lam Research (LRCX) closed the most recent trading day at $80.61, moving -1.14% from the previous trading session.
Micron's latest results suggest the memory chip market is in great shape. That's solid news for another semiconductor company.
Lam Research combines strong competitive advantages, a key role in a growth industry, and reasonable valuation that should grab investor attention.
One of the most-influential businesses in the artificial intelligence (AI) arena is conducting its first stock split in nearly a quarter of a century.
FREMONT, Calif. , Oct. 2, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, October 23, 2024, beginning at 2:00 p.m.
Shares of Lam Research Corp (LRCX, Financial) surged 3.92% in mid-day trading on Oct 2. The stock reached an intraday high of $830.37, before settling at $828.66, up from its previous close of $797.40.