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Lam Research (LRCX) Tops Q1 EPS by 14c, Reports Strong Q2 Guidance

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October 16, 2018 4:07 PM EDT

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 revenue45.1%+/-1% $22 Million 46.0%+/-1%
Operating income as a percentage of revenue26.1%+/-1% $34 Million 27.5%+/-1%
Net income per diluted share$3.47+/-$0.20 $30 Million $3.65+/-$0.20
Diluted share count163 Million — 163 million

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


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