Lam Research Corporation (LRCX)
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.
Should You Buy, Sell or Hold Lam Research Stock Before Q1 Earnings?
LRCX's fiscal first-quarter results are expected to reflect the benefits of a rebound in the semiconductor industry and improving memory spending.
Could Lam Research Stock Help You Retire a Millionaire?
Semiconductor innovation is a multidecade investing trend that is poised to continue with the arrival of AI and other technologies.
Lam Research (LRCX) Stock Dips While Market Gains: Key Facts
Lam Research (LRCX) closed the most recent trading day at $72.84, moving -0.41% from the previous trading session.
Lam Research (LRCX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Lam Research (LRCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings Growth & Price Strength Make Lam Research (LRCX) a Stock to Watch
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Will Lam Research (LRCX) Beat Estimates Again in Its Next Earnings Report?
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.
Here's Why Lam Research (LRCX) is a Strong Momentum Stock
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Wall Street Analysts See Lam Research (LRCX) as a Buy: Should You Invest?
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?
Wall Street Analysts Predict a 27.37% Upside in Lam Research (LRCX): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 27.4% in Lam Research (LRCX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
