Lam Research is upgraded to a buy as accelerating growth, margin expansion, and reduced China risk improve risk/reward after the recent pullback. The company delivered 30% YoY revenue growth in the June quarter, driven by robust AI and memory demand, with inventory turns and margin gains confirming strong fundamentals. Guidance for the September quarter signals further acceleration: 52% YoY revenue growth and 71% YoY EPS growth expected. Tailwinds are set to strengthen.
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock?
LRCX looks like the better chip-stock buy, supported by AI-driven growth, strong earnings momentum, recurring services and a robust balance sheet.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KH Kevin Heal ARGUS INVESTORS' COUNSEL Inc. | 3,104 | $663,200.82 | $909,534.05 | $246,333.23 | 37.14% |
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 47,326 | $4.76M | $13.87M | $9.11M | 191.62% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 1,521 | $109,895.71 | $445,683.4 | $335,787.69 | 305.55% |
Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 7,059 | $522,552.84 | $2.16M | $1.64M | 313.91% |
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 2,157 | $237,811.61 | $632,044.12 | $394,232.51 | 165.78% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| EY Ed Yang Oppenheimer | 892.42 | $347,080.62 | $240,605.79 | -$106,474.83 | -30.68% |
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Timothy Archer CEO | NASDAQ (NGS) Exchange | 512807306 CUSIP |
| US Country | 23,300 Employees | 23 Sep 2026 Last Dividend | 3 Oct 2024 Last Split | 11 May 1984 IPO Date |
Lam Research Corporation, a pivotal entity in the semiconductor industry, specializes in the design, manufacture, marketing, refurbishment, and servicing of semiconductor processing equipment crucial for integrated circuit fabrication. Established in 1980 and headquartered in Fremont, California, the company caters to a global clientele, distributing its innovative products and services across the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. Lam Research's commitment to advancing semiconductor technology has positioned it as a key player in the semiconductor industry, continuously fueling the evolution of electronics with its cutting-edge solutions.