
LRCX Earnings
Lam Research Corp
- Overview
- Forecast
- Valuation
- Earnings
Earning Analysis
Welcome to our in-depth analysis of Lam Research Corp(LRCX) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Lam Research Corp earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
FY2025Q3 | 2025-04-23 | After Hours | 1.00 | 1.04 | +4.00 | 4.64B | 4.72B | +1.72 | +6.25 | +6.25 |
FY2025Q2 | 2025-01-29 | After Hours | 0.87 | 0.91 | +4.60 | 4.31B | 4.38B | +1.46 | +7.43 | +9.04 |
FY2025Q1 | 2024-10-23 | After Hours | 0.80 | 0.86 | +7.50 | 4.06B | 4.17B | +2.70 | +5.09 | +4.93 |
FY2024Q4 | 2024-07-31 | - | 7.52 | 8.14 | +8.24 | 3.83B | 3.87B | +1.04 | +7.77 | -9.91 |
FY2024Q3 | 2024-04-24 | - | 7.26 | 7.79 | +7.30 | 3.73B | 3.79B | +1.70 | -0.29 | +0.79 |
FY2024Q2 | 2024-01-24 | - | 7.06 | 7.52 | +6.52 | 3.71B | 3.76B | +1.36 | +2.14 | +0.65 |
FY2024Q1 | 2023-10-18 | - | 6.07 | 6.85 | +12.85 | 3.42B | 3.48B | +1.94 | -1.19 | -7.07 |
- | 2023-07-26 | - | 5.03 | 5.98 | +18.89 | - | - | - | -1.21 | +10.10 |
- | 2023-04-19 | - | 6.53 | 6.99 | +7.04 | - | - | - | -0.88 | +0.88 |
- | 2023-01-25 | - | 9.95 | 10.71 | +7.64 | - | - | - | +0.18 | +2.58 |
LRCX Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Lam Research Corp reported performance for FY2025Q3, announced on 2025-04-23. The company achieved an EPS of 1.04, compared to analyst estimates of 1.00 by 4.00% . Revenue for the quarter reached 4.72B compared to expectations of 4.64B by 1.72% .
The stock price reacted with a 6.25% one-day change and a 6.25% five-day change following the earnings release. These movements reflect market reaction in Lam Research Corp growth trajectory and strategic initiatives.
LRCX Earnings Forecast
Looking ahead, Lam Research Corp(LRCX) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2025/Q4 project quarter revenue of 4.99B and an EPS of 1.20.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2025 have been Revise Upward by 2.47%, while EPS estimates have been Revise Upward by 6.69%. For the upcoming Q4 2025, revenue estimates have been adjusted Revise Upward by 8.31% . These revisions correlate with a 6.93% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Lam Research Corp long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between LRCX's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2025
Revise Upward

+2.47%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward

+6.69%
In Past 3 Month
Revenue Estimates for Q4 2025
Revise Upward

+8.31%
In Past 3 Month
Stock Price
Go Up

+6.93%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2025
Currency: USD
1Y
3Y
5Y
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Revenue Estimate-Annual FY 2025:18.24B
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EPS Estimate-Annual FY 2025:4.00
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Stock Price80.79
LRCX Revenue and EPS Performance: A Historical Perspective
Lam Research Corp revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q3 (2025-04-23,After Hours):
EPS: 1.04 (Actual) vs.1.00 (Estimate) (4.00%)
Revenue: 4.72B (Actual) vs. 4.64B (Estimate) (1.72%)
Price Reaction: 6.25%(1-Day), 6.25%(5-Day)
FY2025Q2 (2025-01-29,After Hours):
EPS: 0.91 (Actual) vs.0.87 (Estimate) (4.60%)
Revenue: 4.38B (Actual) vs. 4.31B (Estimate) (1.46%)
Price Reaction: 7.43%(1-Day), 9.04%(5-Day)
FY2025Q1 (2024-10-23,After Hours):
EPS: 0.86 (Actual) vs.0.80 (Estimate) (7.50%)
Revenue: 4.17B (Actual) vs. 4.06B (Estimate) (2.70%)
Price Reaction: 5.09%(1-Day), 4.93%(5-Day)
Earnings Reaction
The chart below shows how LRCX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LRCX sees a -0.18% change in stock price 10 days leading up to the earnings, and a +3.35% change 10 days following the report. On the earnings day itself, the stock moves by +1.23%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in MAR/2025, the stock changed 6.25% on the day following the earnings release and then changed by 12.48% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Lam Research Corp (LRCX) Q4 2024 Earnings Call Summary
Positive
2025-01-29
The earnings call presents strong financial results, with a record high revenue and increased gross margin. Despite some concerns about customer concentration and operational risks, the optimistic guidance, significant share repurchase plan, and expected growth in NAND and advanced packaging sectors paint a positive outlook. The Q&A session did not reveal major concerns, and management's confidence in their strategic positioning supports a positive sentiment.
Lam Research Corporation (LRCX) Q1 2025 Earnings Call Summary
Positive
2024-10-24
The earnings call summary reveals strong financial performance with an 8% revenue increase, exceeding guidance on gross and operating margins, and a robust free cash flow return plan. The Q&A section reinforces confidence in future growth, particularly in NAND and HBM revenues, despite some uncertainties in China WFE. The shareholder return plan and optimistic guidance further enhance the positive sentiment, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
Lam Research Corporation (LRCX) Q4 2024 Earnings Call Summary
Positive
2024-08-01
The earnings call summary indicates strong financial performance with EPS near the high end of guidance, increased cash reserves, and effective inventory management. The Q&A section reveals optimism about NAND and China spending, though management avoided specifics on margin headwinds and inventory forecasts. The company's focus on AI and NAND, along with strategic investments, suggests positive future growth. Share repurchases and dividends further support a positive sentiment. While some uncertainties remain, the overall outlook is positive, likely resulting in a stock price increase of 2% to 8% over the next two weeks.
FAQ

What were the key highlights of LRCX’s latest earnings report for FY2025Q3?
LRCX reported its FY2025Q3 earnings on 2025-04-23, showcasing a revenue of 4.72B against an estimate of 4.64B, resulting in a 1.72% surprise. The EPS was 1.04, surpassing the expected 1 by 4% . The stock experienced a 6.25% price change on the earnings day and a 6.25% change over the next five days, reflecting market reactions to the results.

How did LRCX’s stock price react after the FY2025Q3 earnings release?

What are the revenue and EPS estimates for LRCX for 2025/Q4?

How does LRCX’s stock price correlate with earnings forecast revisions?

What should investors expect from LRCX’s next earnings report?
