Lam Research (LRCX) Tops Q1 EPS by 14c, Reports Strong Q2 Guidance
Lam Research (NASDAQ: LRCX) reported Q1 EPS of $3.36, $0.14 better than the analyst estimate of $3.22. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.31 billion.
GUIDANCE:
Lam Research sees Q2 2019 EPS of $3.65 at mid-point versus the consensus of $3.35. Lam Research sees Q2 2019 revenue of $2.5 billion at mid-point, versus the consensus of $2.38 billion.
Outlook
For the December 2018 quarter, Lam is providing the following guidance:
| U.S. GAAP | ReconcilingItems | Non-GAAP | ||||||||||
| Revenue | $2.5 Billion | +/- | $150 Million | — | $2.5 Billion | +/- | $150 Million | |||||
| Gross margin as a percentage of revenue | 45.1% | +/- | 1% | $ | 22 | Million | 46.0% | +/- | 1% | |||
| Operating income as a percentage of revenue | 26.1% | +/- | 1% | $ | 34 | Million | 27.5% | +/- | 1% | |||
| Net income per diluted share | $3.47 | +/- | $0.20 | $ | 30 | Million | $3.65 | +/- | $0.20 | |||
| Diluted share count | 163 Million | — | 163 million | |||||||||
For earnings history and earnings-related data on Lam Research (LRCX) click here.