Lam Research (LRCX) Tops Q2 EPS by 14c, Offers Guidance

Lam Research (NASDAQ: LRCX) reported Q2 EPS of $1.57, $0.14 better than the analyst estimate of $1.43. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.41 billion.

GUIDANCE:

Lam Research sees Q3 2016 EPS of $1.07, versus the consensus of $1.31.

Outlook

For the March 2016 quarter, Lam is providing the following guidance:

                                            Reconciling                     

                           U.S. GAAP          Items           Non-GAAP      

                      -------------------- ------------ --------------------

                        $1.43        $75                  $1.43        $75  

Shipments              Billion +/- Million       -       Billion +/- Million

                        $1.30        $75                  $1.30        $75  

Revenue                Billion +/- Million       -       Billion +/- Million

Gross margin            42.4%  +/-   1%     $21 Million   44.0%  +/-   1%   

Operating margin        14.2%  +/-   1%     $37 Million   17.0%  +/-   1%   

Net income per diluted                                                      

 share                  $0.77  +/-  $0.10   $50 Million   $1.07  +/-  $0.10 

Diluted share count       174.5 Million      2 Million      172.5 Million 

For earnings history and earnings-related data on Lam Research (LRCX) click here.

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