Lam Research (LRCX) PT Raised to $575 at Deutsche Bank

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Go back to Lam Research (LRCX) PT Raised to $575 at Deutsche Bank

Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

January 27, 2021 4:12 PM EST

Lam Research (NASDAQ: LRCX) reported Q2 EPS of $6.03, $0.31 better than the analyst estimate of $5.72. Revenue for the quarter came in at $3.46 billion versus the consensus estimate of $3.34 billion.

Highlights for the December 2020 quarter were as follows:

Revenue of $3.46 billion.U.S. GAAP gross margin of 46.4%, U.S. GAAP operating income as a percentage of revenue of 29.2%, and... More