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.
Semiconductors Industry | Technology Sector | Mr. Timothy M. Archer CEO | NASDAQ (NGS) Exchange | 512807306 Cusip |
US Country | 18,600 Employees | 18 Jun 2025 Last Dividend | 3 Oct 2024 Last Split | 11 May 1984 IPO Date |
Lam Research Corporation, established in 1980 and based in Fremont, California, operates as a key player in the semiconductor industry, focusing on the design, manufacture, marketing, refurbishment, and servicing of semiconductor processing equipment essential for the fabrication of integrated circuits. With a global footprint, the company caters to the semiconductor industry's needs across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. The extensive range of products offered by Lam Research meets various critical processes involved in semiconductor manufacturing, emphasizing innovation and precision in creating technologies that shape the future of electronics.
Lam Research provides a comprehensive portfolio of products and services designed to address the intricate and evolving needs of semiconductor fabrication. Each product line is tailored for specific semiconductor processing applications, ensuring high-quality and efficiency in chip production.