LRCX Earnings Prediction
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 +3.25% change in stock price 10 days leading up to the earnings, and a +3.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.98%. This data can give you a slight idea of what to expect for the next quarter's release.
LRCX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.17B
19.70%
7.66%
Gross Margin
48.05%
0.63%
0.80%
Operating Margin
30.33%
2.22%
3.80%
Net Margin
26.79%
5.14%
1.67%
EPS
0.86
-87.09%
10.26%
No Data Available
LRCX Earnings Analysis
Lam Research Corp Corporation (LRCX.O) Earnings Conference Call
Positive
Strong Quarterly Performance: Lamb posted a strong September quarter with revenues and earnings per share higher than the midpoint and profitability above the high-end of the guided ranges.
Fifth Quarter Revenue Growth: These results mark the fifth consecutive quarter of revenue growth for the company.
Quarterly Revenue Increase: Our revenue for the September quarter was $4.17 billion, which was an increase of 8% from the prior quarter.
Deferred Revenue Increase: Our deferred revenue balance at the end of the quarter was $2.05 billion, an increase of $495 million from the June quarter.
Strong Quarterly Performance: We delivered strong results in the September 2024 quarter, with revenue and earnings per share coming in above the midpoint of our guided range.
Negative
Quarterly Revenue Increase: The revenue for the September quarter was $4.17 billion, which was an increase of 8% from the prior quarter. Our deferred revenue balance at the end of the quarter was $2.05 billion, an increase of $495 million from the June quarter. This grew mainly due to customer advanced payments.
Operating Expenses Increase: Operating expenses for September were $722 million, up from the prior quarter amount of $689 million. The increase was partly due to growth in program spending, as well as higher incentive compensation tied to the company's increased profitability outlook.
Earnings Per Share Increase: The diluted earnings per share was $0.86, above the midpoint of our guided range. The diluted share count was approximately 1.3 billion shares, which was a reduction from the June quarter.
Non-GAAP Tax Rate Outlook: Our non-GAAP tax rate for the quarter was 13.8%, generally within range of our expectations. Our estimate is for the tax rate to continue to be in the low-to-mid-teens range in the near term.
Other Income Decrease: Our other income and expense for the September quarter came in at $13 million in income, compared with $19 million in income in the June quarter. The decrease in OI & E was primarily due to foreign exchange fluctuations.
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LRCX Earning Call Sentiment
Lam Research Corporation (LRCX) Q1 2025 Earnings Call Transcript
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00:00
00:00
LRCX.O
-5.08%Positive
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.