Lam Research (LRCX) Price Target Raised to $95 at Needham & Company on 'Solid' Q3
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Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2015
April 20, 2015 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 04/20/15 -- Lam Research Corp. (NASDAQ: LRCX) today announced financial results for the quarter ended March 29, 2015 (the "March 2015 quarter").
Highlights for the March 2015 quarter were as follows:
Shipments of $1,497 million, up 20% from the prior quarter. Revenue of $1,393 million, up 13% from the prior quarter. GAAP gross margin of 43.1%, GAAP operating margin of 17.2%, and GAAP diluted EPS of $1.16.Non-GAAP gross margin of 44.7%, non-GAAP operating margin of 19.9%, and non-GAAP diluted EPS of $1.40. Lam Research Corporation Financial Highlights for the Quarters Ended March 29, 2015 and December 28, 2014 (in thousands, except per share data and percentages)... More