Lam Research Corp expected to post earnings of $7.30 a share - Earnings Preview

Reuters04-23

* Lam Research Corp is expected to show a fall in quarterly revenue when it reports results on April 24 for the period ending March 31 2024

* The Fremont California-based company is expected to report a 3.8% decrease in revenue to $3.724 billion from $3.87 billion a year ago, according to the mean estimate from 21 analysts, based on LSEG data.The company's guidance on January 24 2024, for the period ended March 31, was for revenue between 3.40 billion and 4.00 billion.

* ​LSEG's mean analyst estimate for Lam Research Corp is for earnings of $7.30 per share. The company's EPS guidance on January 24 2024, for the period ended March 31, was between 6.50 and 8.00

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Lam Research Corp is $972.50​, above​ its last closing price of $870.25. ​​​

The company's guidance on January 24 2024 for the period ended March 31 was for Earnings before Interest and Taxes between 969 million and 1.22 billion.The company's guidance on January 24 2024 for the period ended March 31 was for gross profit margin between 47% and 49%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 7.19 7.10 7.52 Beat 5.8

Sep. 30 2023 6.24 6.12 6.85 Beat 11.8

Jun. 30 2023 5.12 5.07 5.98 Beat 17.9​

Mar. 31 2023 6.55 6.54 6.99 Beat 6.8

​​Dec. 10.04 9.96 10.71 Beat 7.5

31 2022

Sep. 30 2022 9.59 9.54 10.42 Beat 9.3​

Jun. 30 2022 7.38 7.32 8.83 Beat 20.6

Mar. 31 2022 7.54 7.51 7.40 Missed -1.5

This summary was machine generated April 22 at 20:46 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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