Lam Research Reports Q2 Earnings Beat and Raise
2022.07.28 02:58
Lam Research (LRCX) Reports Q2 Earnings Beat and Raise
By Davit Kirakosyan
Lam Research (NASDAQ:LRCX) reported its Q2 results, with EPS of $8.83 coming in better than the consensus estimate of $7.34. Revenue rose 14% quarter-over-quarter to $4.64 billion, beating the consensus estimate of $4.22 billion.
“Lam delivered record levels of revenue and earnings per share in the June quarter, while continuing to operate in a supply-constrained environment,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “With solid operational execution, technology leadership, and a robust installed base business, Lam is well-positioned for long-term growth.”
For Q3/22, the company expects EPS in the range of $7.75-$10.25, compared to the consensus of $8.82, and revenue in the range of $4.6-5.2 billion, compared to the consensus of $4.63 billion.
