Lam Research Corp <LRCX.OQ> expected to post earnings of 88 cents a share - Earnings Preview

• Lam Research Corp LRCX.OQ LRCX.O is expected to show a rise in quarterly revenue when it reports results on January 29 for the period ending December 31 2024

• The Fremont California-based company is expected to report a 14.7% increase in revenue to $4.311 billion from $3.76 billion a year ago, according to the mean estimate from 21 analysts, based on LSEG data.The company's guidance on October 23 2024, for the period ended December 31, was for revenue between 4.00 billion and 4.60 billion.

• ​LSEG's mean analyst estimate for Lam Research Corp is for earnings of 88 cents per share. The company's EPS guidance on October 23 2024, for the period ended December 31, was between 0.77 and 0.97

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 11 "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 $90.00​, above​ its last closing price of $79.68. ​​​

The company's guidance on October 23 2024 for the period ended December 31 was for Earnings before Interest and Taxes between 1.16 billion and 1.426 billion.The company's guidance on October 23 2024 for the period ended December 31 was for gross profit margin between 46% and 48%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated January 27 at 21:21 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)