Lam Research Posts $2.19 First-Quarter EPS
LRCX sits 93% above its 52-week low of $135.5.
Summary
Lam Research reported first-quarter EPS of $2.19 in this Dow Jones wire flash, and adjusted EPS of $2.20. The number lands against a high bar: the June quarter set record revenue of $6.72 billion, up 15% sequentially, and management guided the September quarter to $8.1 billion. The headline carries the EPS figure only — no revenue, margin, or guidance detail — so the read-through depends on how $2.19 compares with consensus and on whether the $8.1 billion September guide still stands. This is the first hard number from the print; the full release and any guidance update will carry the rest of the story.
At the time of this announcement, LRCX was trading at $261.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $326.4B. The 52-week trading range was $135.50 to $438.50. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.