Lam Research earnings beat by $0.47, revenue topped estimates

Investing.com – Lam Research (NASDAQ: LRCX) reported third quarter EPS of $6.99, $0.47 better than the analyst estimate of $6.52. Revenue for the quarter came in at $3.87B versus the consensus estimate of $3.81B.

Guidance

Lam Research sees Q4 2023 EPS of $4.25-$5.75 versus the analyst consensus of $5.63.

Lam Research sees Q4 2023 revenue of $2.80B-$3.40B versus the analyst consensus of $3.47B.

Lam Research’s stock price closed at $491.02. It is up 3.92% in the last 3 months and up 1.99% in the last 12 months.

Lam Research saw 0 positive EPS revisions and 17 negative EPS revisions in the last 90 days. See Lam Research’s stock price’s past reactions to earnings here.

According to InvestingPro, Lam Research’s Financial Health score is “great performance”.

Check out Lam Research’s , and Lam Research’s financials here.

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