Lam Research surges on upbeat quarterly forecast

Shares of semiconductor equipment maker Lam Research LRCX.O up 3% at $246.86 in extended trading

Co forecasts quarterly revenue above estimates as enterprises ramp up orders of its chipmaking tools

Expects Q3 revenue of $5.7 billion, plus or minus $300 million, compared with analysts' estimates of $5.34 billion — data compiled by LSEG

Sees adjusted EPS of $1.35, plus or minus 10 cents, vs analysts' estimate of $1.20

Posts Q2 revenue of $5.34 billion, topping estimates of $5.26 billion

Reports quarterly adjusted EPS of $1.27 vs estimate of $1.17

Stock rose more than two-fold in 2025