Lam Research is a leading provider of equipment and services used in the semiconductor manufacturing process
The company specializes in designing and developing advanced technologies that enable the fabrication of integrated circuits, which are essential components in a wide range of electronic devices. Lam Research’s innovative solutions focus on achieving high productivity, improved performance, and efficiency for semiconductor manufacturers. By offering advanced etch, deposition, and cleaning systems, Lam Research plays a crucial role in enabling the production of smaller, faster, and more energy-efficient chips that power modern technology.
Semiconductor production equipment company Kulicke & Soffa (NASDAQKLIC) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.
Shares of semiconductor equipment maker Lam Research (NASDAQLRCX)
jumped 8.5% in the afternoon session after the company reported impressive fourth-quarter results and provided revenue and EPS guidance for the next quarter, which blew past analysts' expectations. This quarter's revenue and EPS outperformed Wall Street's estimates. Overall, we think this was a decent quarter, with some key metrics above expectations.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Semiconductor equipment maker Lam Research (NASDAQLRCX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.4% year on year to $4.38 billion. On top of that, next quarter’s revenue guidance ($4.65 billion at the midpoint) was surprisingly good and 7.7% above what analysts were expecting. Its non-GAAP profit of $0.91 per share was 3.5% above analysts’ consensus estimates.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
