Lam Research TodayLRCXLam Research$76.17 -2.03 (-2.60%) 52-Week Range$67.06▼$113.00Dividend Yield1.21%P/E Ratio24.62Price Target$97.03Add to WatchlistLam Research Co. NASDAQ: LRCX is a semiconductor equipment manufacturer that makes machines that help make computer chips. Specifically, their wafer fabrication equipment (WFE) focuses on front-end wafer processing, which prepares the raw silicon wafers to be transformed into computer chips. After the initial oxidation process, the wafers are then exposed to ...

This semiconductor equipment company recently delivered solid results and an impressive outlook.This has been a difficult year for Lam Research (LRCX 0.60%) investors as shares of the semiconductor manufacturing equipment supplier have dropped 4% in 2024, underperforming the 25% gains clocked by the PHLX Semiconductor Sector index, and it is worth noting that the past few months have been even more brutal for the company.More specifically, Lam stock is down 33% since hitting a 52-week high on July 11. One o ...

文章核心观点 - 公司在第一财季业绩表现出色,总收入同比增长19.7%,非GAAP每股收益同比增长28.4%,超出市场预期 [4] - 公司专注于先进半导体制造技术,如高纵横比蚀刻和沉积工艺,有利于满足人工智能和高性能计算市场的需求 [6][7] - 公司在存储器和逻辑芯片市场的优势地位有望带来未来收入增长 [8][9] - 公司当前估值较同行业低,股价技术指标显示正在企稳,为投资者提供持有机会 [10][11][12] 公司表现 - 公司第一财季业绩超预期,总收入达41.7亿美元,同比增长19.7% [4] - 非GAAP每股收益为0.86美元,同比增长28.4% [4] - 公司在波动的半导体周期中保持了盈利能力,体现了其成本管控能力 [5] 技术创新 - 公司专注于高纵横比蚀刻和沉积工艺,支持更先进的存储器和逻辑芯片制造 [6] - 公司的Semiverse平台可加速复杂蚀刻工艺的开发和部署,为NAND生产商提供竞争优势 [7] 市场机遇 - 存储器和逻辑芯片市场需求增长将带动公司未来收入增长 [8][9] - 存储器支出预计将在2025年底前回升,为公司带来机遇 [8] - 公司在人工智能和高性能计算领域的技术优势,有利于满足这些应用对先进制程的需求 [9] 估值与技术指标 - 公司当前估值低于同行业平均水平,具有投资价值 [10][11] - 股价接近50日均线,显示投资者情绪有所改善,暗示股价可能企稳 [12]

Have you evaluated the performance of Lam Research's (LRCX) international operations during the quarter that concluded in September 2024? Considering the extensive worldwide presence of this semiconductor equipment maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-bein ...

财务表现 - 收入增加8%达到41.68亿美元，主要由于DRAM市场投资增加以及客户支持相关收入增加[59] - 毛利率为48.0%，较上一季度的47.5%有所提升，主要由于制造效率改善，部分被激励性薪酬增加所抵消[61] - 运营费用增加，主要由于人员和激励性薪酬增加以及外部服务支出增加，部分被耗材支出降低所抵消[61] - 毛利率占收入的百分比在2024年9月29日结束的三个月内相比去年同期有所提高,主要是由于工厂效率提高和材料成本降低,但受到客户和产品组合不利变化、转型费用增加以及员工相关费用增加的抵消[67] 现金流和资产 - 现金、现金等价物和受限现金余额增加至61亿美元，主要由于经营活动产生的15.69亿美元现金流入，部分被股票回购9.97亿美元、支付2.61亿美元股息和1.11亿美元资本支出所抵消[62] - 公司总现金、现金等价物和受限现金余额从2024年6月30日的59亿美元增加至2024年9月29日的61亿美元,主要是由于经营活动产生的现金流入15.685亿美元,部分被股票回购9.97亿美元和支付的股息2.61亿美元所抵消[82] 收入结构 - 存储设备收入占比下降，而逻辑/集成设备制造收入占比上升[65] - 客户支持相关收入和其他收入增加至17.75亿美元[64] - 系统收入增加至23.93亿美元[64] - 中国市场占收入比例为37%，较上季度的39%有所下降[63] 研发和销售费用 - 2024年9月季度研发费用较2024年6月季度有所下降,主要是由于耗材支出减少,部分被人员增加和激励补偿费用以及与递延补偿计划相关的成本增加所抵消[68] - 2024年9月季度研发费用较去年同期有所增加,主要是由于人员和激励补偿费用增加、与递延补偿计划相关的成本增加以及外部服务支出增加所致[69] - 2024年9月季度销售、一般及管理费用较2024年6月季度有所增加,主要是由于人员和激励补偿费用增加[70] - 2024年9月季度销售、一般及管理费用较去年同期有所增加,主要是由于转型活动支出增加以及人员和激励补偿费用增加[71] 税率 - 2024年9月季度的有效税率较2024年6月季度有所上升,主要是由于高税率和低税率地区的收入水平和占比发生变化[76] - 2024年9月季度的有效税率与去年同期基本保持一致[77] 其他 - 员工人数约17,700人[62] - 2024年9月季度利息收入较2024年6月季度有所增加,主要是由于现金余额增加[73] - 2024年9月季度利息收入较去年同期有所增加,主要是由于收益率和现金余额增加[73]

In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp. NASDAQ: LRCX stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market. However, the stock is reversing course with a gain of over 4% in early trading the morning after the company's earnings report. Is this a temporary lift or a sign that Lam Research may be ...

文章核心观点 - 公司Lam Research (NASDAQ: LRCX)的股价下跌27%,相比之下标准普尔500指数上涨6.37% [1] - 作者拥有10年投资银行从业经验,专注于行业和公司研究,擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险 [1] 公司概况 - Lam Research是一家专注于半导体制造设备的公司 [1] 行业分析 - 半导体行业是作者的研究领域,他擅长解读行业新闻、事件、财报等,发现潜在的投资机会和风险 [1] 投资建议 - 作者之前曾推荐购买Lam Research的股票,但该推荐尚未为投资者带来超额收益 [1]

BofA Securities analyst Vivek Arya reiterated the Buy rating on Lam Research LRCX, raising the price forecast to $92 from $88.Arya expresses confidence in Lam Research’s leverage to key tech trends, its strong exposure to a NAND recovery, and solid free cash flow generation.However, the analyst notes that while China is expected to normalize to 30% of the mix in December, ongoing risks from export controls remain, and gains in gross and operating margins appear limited.The analyst raises the earnings estima ...

Lam Research Corporation (LRCX) delivered first-quarter fiscal 2025 post-split non-GAAP earnings of 86 cents per share, which surpassed the Zacks Consensus Estimate of 80 cents. The figure increased 6.2% sequentially. Lam Research announced its decision of a 10-for-1 stock split on May 21, 2024. The stock split was made effective on Oct. 2, 2024, for shareholders of record at that time.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $4.17 billion surpassed the Zacks Consen ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Lam Research Corporation (NASDAQ: LRCX ) reported its first quarter of FY25 after the bell on Wednesday, confirming two of our three-part positive thesis on Lam . The two parts of our thesis that remain in playAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in ...