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

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Get Alerts LRCX Hot Sheet

Price: $379.09 -5.66%

Revenue Growth %: +28.6%

Financial Fact:
Income tax expense: -29M

Today's EPS Names:
CGEH, NAKA, APOG, More

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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.

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