Lam Research delivered its 13th consecutive double-beat quarter, with 34% YoY revenue and 65% EPS growth in the report, driven by strong AI demand and leadership in the etch market. The company trades at a forward P/E of 31, a justified premium given double-digit top and bottom-line growth, expanding margins, and consistent execution by management. Balance sheet strength remains solid with $6.4 billion in cash versus $4.8 billion in obligations and positive net interest income, positioning it to perform well in varying rate environments.
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Lam Research outshines Taiwan Semiconductor with stronger earnings momentum, fewer geopolitical risks and rising demand from AI-driven chip innovation.
Lam Research (LRCX) closed the most recent trading day at $149.15, moving +2.29% from the previous trading session.
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Lam Research (LRCX) possesses solid growth attributes, which could help it handily outperform the market.
Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Lam Research (LRCX) closed at $133.9 in the latest trading session, marking a +2.14% move from the prior day.
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Lam Research Corporation (NASDAQ:LRCX ) Goldman Sachs Communacopia + Technology Conference September 10, 2025 11:10 AM EDT Company Participants Douglas Bettinger - Executive VP & CFO Conference Call Participants James Schneider - Goldman Sachs Group, Inc., Research Division Presentation James Schneider Senior Research Analyst Good morning, everybody. Welcome to the Goldman Sachs Communacopia and Technology Conference.