Lam Research Corp. (NASDAQ:LRCX) released its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter.
The Details: Lam Research reported quarterly earnings of $1.04 per share, which beat the analyst consensus estimate of 98 cents. Quarterly revenue came in at $4.72 billion, which beat the analyst consensus estimate of $4.59 billion and is a 24.41% increase over revenue of $3.79 billion from the same period last year.
Non-GAAP gross margin was 49.% and non-GAAP operating income as a percentage of revenue was 32.8% for the quarter.
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“Lam’s portfolio is the most compelling it’s ever been, driving opportunities to expand our addressable market, gain share, and deliver innovative services as deposition and etch intensity increases in the production of advanced semiconductors,” said Tim Archer, Lam Research’s CEO.
“Our outlook remains strong even as we address near-term tariff-related uncertainty, and we are highly confident in our ability to outperform semiconductor industry growth in the years to come,” Archer added.
Outlook: Lam Research sees fourth-quarter earnings between $1.10 and $1.30 per share, versus the 93 cent estimate and revenue in a range of $4.7 billion and $5.3 billion, versus the $4.45 billion estimate.
LRCX Price Action: According to data from Benzinga Pro, Lam Research stock was up 4.84% after-hours at $69.85 on Wednesday.
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