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Lam Research: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of Lam Research (NASDAQ:LRCX) moved lower by 1.8% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 78.30% over the past year to $5.67, which beat the estimate of $5.19.

Revenue of $3,177,000,000 up by 46.68% year over year, which beat the estimate of $3,110,000,000.

Outlook

Lam Research Sees Q2 Adj. EPS $5.20-$6.00 vs $5.16 Est., Sales $3.1B-$3.5B vs $3.08B Est.

How To Listen To The Conference Call

Date: Oct 21, 2020

Time: 05:00 PM

View more earnings on LRCX

ET Webcast URL: https://edge.media-server.com/mmc/p/sqrrgegn

Price Action

Company's 52-week high was at $387.69

Company's 52-week low was at $181.38

Price action over last quarter: down 3.15%

Company Profile

Lam Research Corp manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics and Taiwan Semiconductor Manufacturing.

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