Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2020

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Go back to Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2020

Lam Research (LRCX) Tops Q2 Earnings and Revenue Estimates, Firms Raise Numbers and PT

January 28, 2021 7:17 AM EST

Lam Research (NASDAQ: LRCX) delivered stronger-than-expected figures for its second quarter that ended December 27.

LRCX finished the quarter with a profit of $869.2 million, which translates into earnings per share of $5.96. On an adjusted basis, the company recorded EPS of $6.03. This is higher than $5.64 expected from analysts.

Revenue came in at $3.46 billion to top the Street consensus of $3.33 billion. As for the current quarter, LRCX expects to earn between $6.15 to $6.95 per share, with the midpoint higher than $5.70 expected from the market analysts. Similarly, revenue forecast is $3.5 billion to... More

Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

January 27, 2021 4:12 PM EST

Lam Research (NASDAQ: LRCX) reported Q2 EPS of $6.03, $0.31 better than the analyst estimate of $5.72. Revenue for the quarter came in at $3.46 billion versus the consensus estimate of $3.34 billion.

Highlights for the December 2020 quarter were as follows:

Revenue of $3.46 billion.U.S. GAAP gross margin of 46.4%, U.S. GAAP operating income as a percentage of revenue of 29.2%, and... More