Lam Research beats forecasts with $8.22 billion in revenue, but the margin of surprise disappoints
Lam Research reported revenue of $8.22 billion, up 54% year over year, against a consensus of about $8.14 billion, and adjusted earnings per share of $2.20 versus $2.18 expected. Operating margin reached a record 40.2%. For the next quarter it forecasts revenue of $8.6 billion and adjusted EPS of $2.33, above consensus. The stock did not react strongly because the figures beat estimates by a narrow margin.
In 35 seconds
- Revenue of $8.22 billion, up 54% year over year, and adjusted EPS of $2.20, above consensus.
- Record operating margin of 40.2% and revenue growth of 22% versus the previous quarter.
- Next-quarter guidance of $8.6 billion in revenue and $2.33 in adjusted EPS, also above consensus.
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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