拉姆研究(LRCX)
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Lam Research (LRCX) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-08-24 06:45
In the latest market close, Lam Research (LRCX) reached $847.37, with a +1.39% movement compared to the previous day. This change outpaced the S&P 500's 1.15% gain on the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 1.47%. Shares of the semiconductor equipment maker have depreciated by 5.47% over the course of the past month, underperforming the Computer and Technology sector's loss of 2.53% and the S&P 500's gain of 0.27%. The upcoming earnings release of Lam Research wil ...
Is Lam Research the Semiconductor Stock You've Been Overlooking?
MarketBeat· 2024-08-21 20:15
Lam Research NASDAQ: LRCX is a lesser-known company in the semiconductor industry compared to powerhouses like NVIDIA NASDAQ: NVDA and Taiwan Semiconductor NYSE: TSM, but it is an important one. Let's examine the company's annual report to better understand its operations and identify some headwinds and tailwinds. Get TSM alerts: Lam Research: Industry-Leading Semiconductor Equipment Provider Lam Research Today LRCX Lam Research $862.86 -18.42 (-2.09%) 52-Week Range $574.42 ▼ $1,130.00 Dividend Yield 0.93% ...
Lam Research: Buying A Quality Compounder After The Drawdown
Seeking Alpha· 2024-08-19 14:25
Monty Rakusen/DigitalVision via Getty Images Investment Thesis Lam Research (NASDAQ:LRCX) is the largest provider of Etching equipment to the Semiconductor industry. Shares are down 23% from peak. The company earns high ROIC, is likely to grow sales > 10% in the long term and has reduced share count by 28% since 2018; it is a quality compounder that I want to own for the long term. But it operates in a cyclical market, and entry price matters to return. I think we have entered the second half of this positi ...
1 Top Growth Stock Down 30% to Buy Hand Over Fist Right Now
The Motley Fool· 2024-08-11 06:10
公司表现 - 公司股票自7月11日达到52周高点以来已下跌30%,但最新财报显示这可能是一个买入机会 [2] - 公司发布了2024财年第四季度财报,收入和盈利均超分析师预期,收入达到38.7亿美元,同比增长21%,非GAAP每股收益达到8.14美元,同比增长36% [5] - 尽管整个财年收入下降14%至149.1亿美元,非GAAP每股收益下降11%至30.30美元,但第四季度表现显著改善,管理层指引显示这一势头将持续 [6] 市场前景 - 公司预计当前季度收入将达到40.5亿美元,同比增长16%,每股收益预计为8美元,同比增长17% [7] - 由于人工智能(AI)的快速采用,公司可能超预期表现,特别是高带宽内存(HBM)需求增加,预计从2023年的4.78亿GB增长到2024年的近17亿GB [8][9] - 分析师预计公司2025财年收入将增长17%,随后一年也将有稳健表现 [12] 投资价值 - 公司股票目前市盈率28倍,远期市盈率22倍,低于美国科技行业平均市盈率33倍,显示出其估值优势 [16] - 分析师预计公司未来三年每股收益将持续增长,当前财年预计为35.93美元,下一财年预计为46.08美元,再下一财年预计为51.42美元 [15]
Lam Research (LRCX) Q4 Earnings Beat, Revenues Increase Y/Y
ZACKS· 2024-08-02 01:11
Lam Research Corporation (LRCX) delivered fourth-quarter fiscal 2024 non-GAAP earnings of $8.14 per share, which surpassed the Zacks Consensus Estimate by 8.2%. The figure increased 36.1% from the year-ago quarter. Revenues of $3.87 billion surpassed the Zacks Consensus Estimate of $3.81 billion. The figure increased 20.7% year over year. Year-over-year growth in the top line was driven by the strong performance of the Customer Support Business Group and the rebound in the System business. Improving memory ...
Lam Research(LRCX) - 2024 Q4 - Earnings Call Transcript
2024-08-01 09:10
财务数据和关键指标变化 - 2024年6月季度收入为38.7亿美元,超过中值指引 [22] - 2024财年毛利率为48.2%,为2013年Lam与Novellus合并以来最高 [21] - 2024财年自由现金流约43亿美元,占收入29% [21] 各条业务线数据和关键指标变化 - 存储业务占系统收入36%,较上季度44%有所下降,主要是DRAM下降 [23] - DRAM占系统收入19%,较上季度23%有所下降,主要是投资于成熟节点有所减少 [23] - 非易失性存储占系统收入17%,较上季度21%有所下降 [23] - 代工业务占系统收入43%,与上季度44%基本持平 [24] - 逻辑及其他业务占系统收入21%,较上季度12%有所上升,主要是中国成熟节点投资增加 [24] 各个市场数据和关键指标变化 - 中国市场占总收入39%,较上季度42%略有下降,但高于此前预期 [25] - 韩国市场占总收入18%,较上季度24%有所下降 [25] - 台湾市场占总收入15%,较上季度9%有所上升 [25] 公司战略和发展方向及行业竞争 - 2024年是公司战略投资年,重点投入产品开发、全球研发基础设施和数字化转型,为行业进入多年WFE增长周期做好准备 [8] - 公司在先进封装、背部供电和原子级器件缩放等领域持续投入,看好这些领域未来的增长机会 [12][20] - 公司推出新一代冷冻蚀刻技术,可以实现更高的蚀刻速率和更精准的轮廓控制,支持NAND密度提升 [16][17][18] - 公司在沉积技术方面也有新进展,开发出纯碳填充材料,简化了NAND制造流程 [19] 管理层对经营环境和未来前景的评论 - 预计2024年WFE支出将达到约950亿美元,其中存储、逻辑和代工投资均有增长 [9] - 2025年WFE有望继续增长,AI应用带来的需求增长将推动低功耗DRAM和NAND的需求 [10][11] - 存储客户将更多关注技术升级,以降低每比特成本,这将有利于公司的安装基础带来的升级需求 [11] 其他重要信息 - 公司马来西亚工厂已交付5000台腔体,是公司历史上最快的新制造基地产能爬坡 [7] - 公司推出新一代直接耦合导体蚀刻设备,可以更精准地控制DRAM和EUV图案转移 [13][14][15] 问答环节重要的提问和回答 问题1 **Timothy Arcuri 提问** 询问服务系统业务在指引中的情况 [38] **Douglas Bettinger 回答** 不会具体分解各个业务部分,但预计2024年服务业务将有小幅增长 [39] 问题2 **Krish Sankar 提问** 询问中国市场在下半年及2025年的情况 [45] **Douglas Bettinger 回答** 2024年中国市场将是一个相对较好的年份,但具体数字还未确定 [46][47][48] 问题3 **Srinivas Pajjuri 提问** 询问DRAM业务的情况,以及公司在DRAM领域的机会 [53][54] **Timothy Archer 回答** 公司在先进导体蚀刻和TSV等DRAM关键工艺上有很强的技术优势,将受益于DRAM行业的升级换代 [54][55]
Lam Research Introduces Lam Cryo™ 3.0 Cryogenic Etch Technology to Accelerate Scaling of 3D NAND for the AI Era
Prnewswire· 2024-08-01 04:16
FREMONT, Calif., July 31, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today extended its leadership in 3D NAND flash memory etching with the introduction of Lam Cryo™ 3.0, the third generation of the company's production-proven cryogenic dielectric etch technology. As the proliferation of generative artificial intelligence (AI) continues to propel the demand for memory with higher capacity and performance, Lam Cryo 3.0 provides etch capabilities critical for the manufacturing of future leading-ed ...
Lam Research(LRCX) - 2024 Q4 - Annual Results
2024-08-01 04:09
财务业绩 - 公司第二季度收入为38.72亿美元[1] - 公司第二季度GAAP毛利率为47.5%,GAAP营业利润率为29.1%,GAAP每股摊薄收益为7.78美元[2,3] - 公司第二季度非GAAP毛利率为48.5%,非GAAP营业利润率为30.7%,非GAAP每股摊薄收益为8.14美元[4,6] - 公司三个月营收为38.72亿美元,同比增长20.7%[19] - 三个月毛利率为47.5%,较上年同期提高2个百分点[19] - 三个月净利润为10.20亿美元,同比增长27.2%[19] - 三个月每股摊薄收益为7.78美元,同比增长30.2%[19] - 公司非GAAP净利润为10.67亿美元,非GAAP每股摊薄收益为8.14美元[25] - 公司Q2和Q1财报的非美国通用会计准则(non-GAAP)净收入分别为10.67亿美元和10.24亿美元[27] - 公司Q2和Q1的非美国通用会计准则(non-GAAP)每股收益分别为8.14美元和7.79美元[27] - 公司Q2和Q1的美国通用会计准则(GAAP)每股收益分别为7.78美元和7.34美元[27] - 公司Q2和Q1的美国通用会计准则(GAAP)毛利率分别为47.5%和47.5%[28] - 公司Q2和Q1的非美国通用会计准则(non-GAAP)毛利率分别为48.5%和48.7%[28] - 公司Q2和Q1的美国通用会计准则(GAAP)营业利润率分别为29.1%和27.9%[28] - 公司Q2和Q1的非美国通用会计准则(non-GAAP)营业利润率分别为30.7%和30.3%[28] 收入构成 - 公司第二季度来自中国的收入占39%,来自韩国的收入占18%,来自台湾的收入占15%[9] - 公司第二季度系统收入为21.70亿美元,客户支持相关收入及其他为17.02亿美元[10] 现金流 - 公司现金及现金等价物和受限现金余额从上一季度的57亿美元增加至59亿美元[8] - 公司第二季度经营活动产生的现金流为8.624亿美元[8] - 公司现金及现金等价物余额为56.73亿美元[21] - 公司三个月经营活动产生的现金流量净额为8.62亿美元[23] - 公司三个月资本性支出为1.01亿美元[23] 股利分配 - 公司三个月派发现金股利2.00美元/股[19] 联系方式 - 公司联系人为Ram Ganesh, Investor Relations, 电话: 510-572-1615, 电子邮件: investor.relations@lamresearch.com[29] 未来展望 - 公司预计第三季度收入为40.5亿美元(+/-3亿美元),GAAP毛利率为46.9%(+/-1%),非GAAP毛利率为47.0%(+/-1%)[13] - 公司预计第三季度GAAP营业利润率为29.4%(+/-1%),非GAAP营业利润率为29.5%(+/-1%)[13] - 公司预计第三季度GAAP每股摊薄收益为7.97美元(+/-0.75美元),非GAAP每股摊薄收益为8.00美元(+/-0.75美元)[13]
Lam Research Corporation Reports Financial Results for the Quarter Ended June 30, 2024
Prnewswire· 2024-08-01 04:05
FREMONT, Calif., July 31, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 30, 2024 (the "June 2024 quarter"). Highlights for the June 2024 quarter were as follows: Revenue of $3.87 billion. U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 29.1%, and U.S. GAAP diluted EPS of $7.78. Non-GAAP gross margin of 48.5%, non-GAAP operating income as a percentage of revenue of 30. ...
Pre-Q4 Earnings: How Should You Play Lam Research (LRCX)?
ZACKS· 2024-07-30 01:55
Lam Research (LRCX) is scheduled to release its fourth-quarter fiscal 2024 results on Jul 31. For fourth-quarter fiscal 2024, the company expects revenues of $3.8 billion (+/- $300 million). The Zacks Consensus Estimate for the same is pegged at $3.81 billion, indicating 18.9% growth from the figure reported in the year-ago quarter.Management expects non-GAAP earnings of $7.50 (+/- 75 cents) per share. The consensus mark for earnings is pegged at $7.52 per share, indicating growth of 25.8% from the figure r ...