Lam Research Q1 revenue rises on higher semiconductor demand, slightly beats estimates
LRCX•LRCX•LRCX•LRCX•Lam Research reported Q1 revenue of $8.22 billion and adjusted EPS of $2.20, slightly above analyst estimates of $8.15 billion and $2.18. It forecast December-quarter revenue of $8.60 billion, plus or minus $400 million.
Lam Research reported Q1 revenue of $8.22 billion, slightly above the $8.15 billion analyst consensus, and adjusted EPS of $2.20, compared with estimates of $2.18. EPS was $2.19.
The company forecast December-quarter revenue of $8.60 billion, plus or minus $400 million, gross margin of 52.5%, plus or minus 1 percentage point, and net income per diluted share of $2.33, plus or minus $0.15.
Lam said AI-driven semiconductor demand contributed to record revenue and profit. It said strategic investments in technology inflections and manufacturing capacity strengthened its ability to outgrow the wafer fabrication equipment market.
