Lam Research Corporation Reports Financial Results for the Quarter Ended December 25, 2022

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Go back to Lam Research Corporation Reports Financial Results for the Quarter Ended December 25, 2022

Lam Research (LRCX) earnings as expected in a 'historically bad' memory market states analyst

January 26, 2023 2:00 PM EST

Lam Research (NASDAQ: LRCX) gained Thursday after it topped profit and revenue expectations, resulting in a somewhat neutral response from analysts.

LRCX posted earnings of $10.71 per share, $0.66 better than the analyst estimate of $10.05. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $5.11 billion.

Morgan Stanley analyst Joseph Moore told investors in a note that the... More