Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2020
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Go back to Lam Research Corporation Reports Financial Results for the Quarter Ended December 27, 2020
January 28, 2021 7:17 AM EST
Lam Research (NASDAQ: LRCX) delivered stronger-than-expected figures for its second quarter that ended December 27.
LRCX finished the quarter with a profit of $869.2 million, which translates into earnings per share of $5.96. On an adjusted basis, the company recorded EPS of $6.03. This is higher than $5.64 expected from analysts.
Revenue came in at $3.46 billion to top the Street consensus of $3.33 billion. As for the current quarter, LRCX expects to earn between $6.15 to $6.95 per share, with the midpoint higher than $5.70 expected from the market analysts. Similarly, revenue forecast is $3.5 billion to... More
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...
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