Lam Research earnings beat by $0.78, revenue topped estimates

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Lam Research earnings beat by $0.78, revenue topped estimates
Credit: © Reuters.

Investing.com - Lam Research (NASDAQ: LRCX ) reported first quarter EPS of $6.85, $0.78 better than the analyst estimate of $6.07. Revenue for the quarter came in at $3.48B versus the consensus estimate of $3.41B.

Guidance

Lam Research sees Q2 2024 EPS of $7.75 versus the analyst consensus of $6.79.

Lam Research sees Q2 2024 revenue of $4.00B versus the analyst consensus of $3.65B.

Lam Research's stock price closed at $642.24. It is up 2.98% in the last 3 months and up 94.57% in the last 12 months.

Lam Research saw 17 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See Lam Research's stock price’s past reactions to earnings here.

According to InvestingPro, Lam Research's Financial Health score is "great performance".

Check out Lam Research's recent earnings performance , and Lam Research's financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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