Lam Research Proves Analysts Wrong with a Strong Earnings Report
In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp. NASDAQ: LRCX stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market.
Riding The Wave: The Case For Investing In Lam Research Amid Memory Industry Resurgence
An industry expert forecasts that the NAND memory market will grow in 2025, driven by Solid-State Devices and smartphones. Industry experts expect NAND memory manufacturers to increase CapEx in 2025, which should benefit Lam significantly. The company's one-year forward PEG ratio of 0.77 indicates potential undervaluation.
Lam Research (LRCX) Is Considered a Good Investment by Brokers: Is That True?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Cramer's Stop Trading: Lam Research
CNBC's Jim Cramer explains why he is keeping an eye on shares of Lam Research.
Lam Research Positioned For Growth Amid NAND Recovery And Advanced Packaging Strength, Analysts Highlight China Risks
BofA Securities analyst Vivek Arya reiterated the Buy rating on Lam Research LRCX, raising the price forecast to $92 from $88.
Lam Research Q1 Earnings Beat: Can Strong Q2 Guidance Lift the Stock?
LRCX's Q1 earnings reflect the strong performance of the Customer Support Business Group and the rebound in the System business.
Lam Research: Higher WFE Spend Rhymes With Outperformance - Buy
Lam Research Corporation has underperformed the S&P 500 by 35% since early July, and its valuations have reset. We reiterate our buy rating after 1Q FY25 results and outlook. We think the high shipments to China concern is done, with China shipments expected to drop to 30% of total sales next quarter. Now, WFE spend from outside of China should fill the gap and support outperformance in FY25.
Lam Research Q1: Expecting Spending Recovery In NAND
I reiterate a 'Strong Buy' rating for Lam Research with a one-year price target of $95, driven by robust growth potential in HBM-Driven DRAM and 3D NAND markets. Lam Cryo 3.0 etches 2.5x faster and reduces energy consumption by 40%, positioning Lam Research to meet rising 3D NAND demand. Q1 results showed 19.7% revenue growth year-on-year, with a positive outlook for the NAND market and significant growth opportunities from metallization changes.
Lam Research Corporation (LRCX) Q1 2025 Earnings Call Transcript
Lam Research Corporation (NASDAQ:LRCX ) Q1 2025 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Ram Ganesh - Vice President, Investor Relations Tim Archer - President and Chief Executive Officer Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Arcuri - UBS Harlan Sur - JPMorgan Toshiya Hari - Goldman Sachs Vivek Arya - Bank of America Securities C.J. Muse - Cantor Fitzgerald Krish Sankar - TD Cowen Srinivas Pajjuri - Raymond James Stacy Rasgon - Bernstein Research Atif Malik - Citi Joe Moore - Morgan Stanley Blayne Curtis - Jefferies Chris Caso - Wolfe Research Operator Good day, and welcome to the Lam Research September Q1 Earnings Conference Call.
Lam Research forecasts quarterly revenue above estimates on AI chip demand
Lam Research forecast revenue for the December quarter above Wall Street expectations on Wednesday, as chipmakers ordered more of its equipment used to manufacture semiconductors for artificial intelligence applications.
Lam Research (LRCX) Tops Q1 Earnings and Revenue Estimates
Lam Research (LRCX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.69 per share a year ago.
Why Lam Research Is At A Make-Or-Break Level Before Earnings
Lam Research is a high-quality growth stock in semiconductor equipment manufacturing, with strong cash flows, high returns on capital, and an increasing gross profit margin. The stock is at a critical support level ahead of its earnings report on October 23. If it breaks this support, the closest support is around $57. I rate Lam Research as a Hold due to its historically elevated P/E ratio and the potential for a downside breakdown (technically speaking) if earnings disappoint.
