Explore Lam Research's (LRCX) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Lam Research's Q2-2025 earnings beat expectations, with strong revenue and EPS growth, and positive Q3 guidance, boosting the stock by over 7%. Growth catalysts include high-bandwidth memory, gate-all-around transistors, and advanced packaging, positioning Lam to outgrow the wafer fab equipment market. Despite strong performance and growth potential, the stock's valuation is elevated; a more attractive entry point would be in the $70-75 range.
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.
While much of the hoopla surrounding Artificial Intelligence (AI) is focused on GPU companies like Nvidia and AMD, Semiconductors are the backbone of the digital architecture that creates cyberspace environments which allow AI to exist.
LRCX's fiscal second-quarter results are expected to reflect the benefits of a rebound in the semiconductor industry and improving memory spending.