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The technicals are overwhelmingly bullish for Lam Research as the stock is now in an uptrend, has strengthening moving averages, and has green flags from the indicators. Most recent earnings show that the fundamentals are rock solid. Guidance indicates that growth in revenue and EPS is expected to accelerate. The stock is currently undervalued as the P/S and P/E ratios fail to reflect the current strong growth and the impressive projections.
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Shares of semiconductor manufacturing equipment company Lam Research (LRCX 8.85%) jumped on Thursday after the company reported financial results for its fiscal quarter that ended Dec. 29, 2024. As of 12:20 p.m.
LRCX's second-quarter fiscal 2025 results reflect higher revenues and disciplined cost and operational management.
The semiconductor equipment maker posted earnings of 91 cents a share on revenue of $4.38 billion for the quarter, beating analysts' expectations.
Lam Research Corporation (NASDAQ:LRCX ) Q2 2025 Earnings Conference Call January 29, 2025 5:00 PM ET Company Participants Ram Ganesh - VP, IR Tim Archer - President and CEO Doug Bettinger - EVP and CFO Conference Call Participants Tim Arcuri - UBS Krish Sankar - TD Cowen C.J. Muse - Cantor Fitzgerald Harlan Sur - JPMorgan Toshiya Hari - Goldman Sachs Srinivas Pajjuri - Raymond James Vivek Arya - Bank of America Securities Atif Malik - Citi Stacy Rasgon - Bernstein Research Joe Moore - Morgan Stanley Vijay Rakesh - Mizuho Joe Quatrochi - Wells Fargo Tom O'Malley - Barclays Brian Chin - Stifel Operator Good afternoon and welcome to the Lam Research December 2024 Earnings Conference Call.
Lam Research (LRCX) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago.
Chip-making equipment supplier Lam Research forecast third-quarter revenue above Wall Street expectations on Wednesday, driven by a surge in orders from chip firms amid the AI boom.
Breakthrough EUV Dry Photoresist Technology from Lam Research Adopted by Leading Memory Manufacturer
FREMONT, Calif. , Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that Aether®, its innovative dry photoresist technology, has been selected by a leading memory manufacturer as production tool of record for the most advanced DRAM processes.
FREMONT, Calif. , Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 29, 2024 (the "December 2024 quarter").