Lam Research Aktie News

Lam Research Corporation (NASDAQ:LRCX ) Q3 2024 Earnings Conference Call April 24, 2024 5:00 PM ET Company Participants Ram Ganesh - Investor Relations Timothy Archer - President and Chief Executive Officer Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen Timothy Arcuri - UBS Harlan Sur - JPMorgan Chase & Co. Srinivas Paj...

The semiconductor equipment company reported revenue of $3.8 billion, up 0.9% from a year earlier.

Lam Research reported quarterly revenue above Wall Street expectations on Wednesday, as chipmakers ordered more of its equipment used to manufacture semiconductors for artificial intelligence applications.

Lam Research handily beat expectations for its fiscal third quarter and guided higher than views for the current period.

FREMONT, Calif. , April 24, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 31, 2024 (the "March 2024 quarter").

Lam Research is the exclusive supplier of TSV etching equipment for HBM products, which are experiencing significant growth in demand. Samsung Electronics and SK Hynix are expanding their manufacturing capacities for HBM products, indicating a strong market potential. Lam Research is well-positioned to benefit from the growth in HBM products and is expected to experience strong revenue growth i...

That price would mean a new all-time high for the semiconductor equipment manufacturer. Almost needless to say, the prognosticator's recommendation on the shares is a buy.

Sales and earnings for semiconductor manufacturing equipment maker ASML tumbled in Q1. The South China Morning Post reveals why: China is ready to build its own semiconductor chips now.