Lam Research (LRCX) Tops Q1 EPS by 3c

Lam Research (NASDAQ: LRCX) reported Q1 EPS of $0.96, $0.03 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.15 billion.

"Lam delivered another quarter of strong execution, with performance that met or exceeded our plans and continued our theme of outperformance relative to the semiconductor equipment industry," said Martin Anstice, Lam Research's president and chief executive officer. "We are executing on the tremendous opportunity in front of us as key technology inflections in areas like multi-patterning, FinFET, 3DNAND and advanced packaging drive a multi-year, significant expansion in our served market. Central to our present and future success is our commitment to investment at the leading edge, collaborating with our customers to solve their most critical challenges."

For earnings history and earnings-related data on Lam Research (LRCX) click here.

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