Lam Research (NASDAQ:LRCX) is scheduled to announce Q2 earnings results on Tuesday, January 24th, after market close.
The consensus EPS Estimate is $10.00 (+17.2% Y/Y) and the consensus Revenue Estimate is $5.08B (+20.1% Y/Y).
Last month, the stock rose as Deutsche Bank upgraded on belief memory capex will ‘bottom’ in 2023.
During the previous quarter, stock jumped 10% on strong Q1 reports nd Q2 guidance. For Q2, the company is looking at Revenue $5.1B +/- $300M; Gross margin 44.5% +/- 1%; Operating income 31.5% +/- 1%; Non GAAP EPS $10 +/-$0.75.
Contributor comments on the stock: ‘Lam Research: Strong Execution, Attractive Valuation’ and ‘Lam Research: Micron Just Put A Hole In The Quick Memory CapEx Turnaround Hopes’ and ‘Lam Research: Strong Execution, Attractive Valuation’
Over the last 2 years, LRCX has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 1 downward.
Continued strong demand for semiconductor equipment owing to the growing adoption of artificial intelligence, 5G and the IoT technologies could aid quarterly reports.
Added read: ‘Semiconductors Winners And Losers At The Start Of 2023’
SA Author rating of Buy, Wall St. rating of Buy; Quant rating of Hold for the stock with highest factor grades to profitability.
A quick look at the company’s one-year price performance compared to its peers.