Lam Research Corporation (NASDAQ:LRCX) is reporting first quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, LRCX is expected to report 1Q21 income of $ 5.19 per share from revenue of $ 3107.72 million.
For the full year, analysts anticipate top line of $ 12436.60 million, while looking forward to income of $ 21.01 per share bottom line.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 4.75 ~ $ 5.55 per share, while revenues are expected in a range of $ 2,900.00 million ~ $ 3,300.00 million
Click Here For More Historical Outlooks Of Lam Research Corporation
Previous Quarter Performance
Lam Research Corporation unfold income for the fourth quarter of $ 4.78 per share, from the revenue of $ 2,792.00 million. The quarterly earnings 32.04 percent while revenues grew 18.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 4.05 per share from $ 2677.64 million in revenue. The bottom line results beat street analysts by $ 0.73 or 18.02 percent, at the same time, top line results outshined analysts by $ 114.36 million or 4.27 percent.
Stock Performance
Shares of Lam Research Corporation traded up $ 0.00 or 0.00 percent on Tuesday, reaching $ 363.57 with volume of 893.20 thousand shares. Lam Research Corporation has traded high as $ 368.50 and has cracked $ 362.52 on the downward trend
The closing price of $ 363.57, representing a 100.45 % increase from the 52 week low of $ 181.38 and a 6.22 % decrease over the 52 week high of $ 387.70.
The company has a market capital of $ 52.94 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
Recent Stock Dividend Announcement
On August 27, 2020, the board of directors authorized quarterly dividend of $ 1.30 per share to holders of record as of the close of business on September 30, 2020, with payment date of October 14, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Lam Research Corporation will be hosting a conference call at 5:00 PM eastern time on 21st October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lamresearch.com
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes.
