Here is how Lam Research (LRCX) and Couchbase, Inc. (BASE) have performed compared to their sector so far this year.
Lam Research exceeded expectations in Q3 FY25, driven by strong demand for its ALTUS Halo and Akara systems and operational excellence from its 'Close to the Customer' strategy. Financial results were robust: revenue up 24% YoY, record gross margins, expanding operating margins, and strong cash flow, supporting continued buybacks and dividends. Valuation remains attractive with a low PEG ratio, secular AI-driven tailwinds, and solid shareholder returns, despite some near-term risks from China exposure and DRAM market uncertainty.
LRCX climbs 25.3% YTD as AI and data center demand boost growth, while its valuation stays appealing.
Lam Research delivered strong March quarter results, with revenue growth near three-year highs, beating expectations and demonstrating robust business activity. Guidance for the June quarter is impressive, projecting accelerated revenue and EPS growth, alongside further margin expansion, signaling continued operational momentum. Despite China exposure and export restriction risks, ongoing trade talks suggest no immediate threat to growth, supporting a positive outlook for the company.
Lam Research (LRCX) reached $90.49 at the closing of the latest trading day, reflecting a -1.9% change compared to its last close.
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Lam Research bets on CSBG's steady revenues and Semiverse's innovation to offset cyclicality and outpace rivals in chipmaking.
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In the latest trading session, Lam Research (LRCX) closed at $89.52, marking a -2.33% move from the previous day.
LRCX focuses on ALD and dry EUV tech to drive chip performance gains, but rivals and macro risks pose key challenges.
Lam Research (NASDAQ:LRCX) stock has experienced a notable increase this year, rising by 22% and significantly outperforming the S&P 500's modest gain of 2%. This remarkable performance can be attributed primarily to the company's solid quarterly results, fueled by strong foundry revenues and improving margins.
Here is how Lam Research (LRCX) and Couchbase, Inc. (BASE) have performed compared to their sector so far this year.