Lam Research (NASDAQ:LRCX) Issues Q2 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.77-0.97 for the period, compared to the consensus estimate of $0.84. The company issued revenue guidance of $4.0-4.6 billion, compared to the consensus revenue estimate of $4.24 billion. Lam Research also updated its Q2 2025 guidance to 0.770-0.970 EPS.

Lam Research Stock Up 3.0 %

Shares of LRCX stock traded up $2.32 during trading hours on Friday, reaching $78.89. 8,426,520 shares of the stock were exchanged, compared to its average volume of 11,260,202. The business’s fifty day moving average is $79.60 and its two-hundred day moving average is $89.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00. Lam Research has a 12-month low of $57.44 and a 12-month high of $113.00. The firm has a market capitalization of $102.25 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.89 and a beta of 1.47.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.85 earnings per share. As a group, research analysts expect that Lam Research will post 3.23 EPS for the current fiscal year.

Lam Research Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is 31.72%.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research analyst reports. UBS Group decreased their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Morgan Stanley decreased their price target on Lam Research from $81.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Lam Research from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday. Finally, B. Riley decreased their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $97.03.

Insiders Place Their Bets

In other Lam Research news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.