Lam Research (LRCX) Tops Q2 EPS by 21c; Guides In-Line

Lam Research (NASDAQ: LRCX) reported Q2 EPS of $3.87, $0.21 better than the analyst estimate of $3.66. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.5 billion.

“Lam delivered solid results in the December quarter, and concluded the 2018 calendar year with record revenue and earnings per share performance,” said Timothy Archer, Lam Research’s President and Chief Executive Officer. “While near-term market trends reflect adjustments after a period of tremendous growth in semiconductor demand, I am confident that our focus on Deposition and Etch technology leadership as well as growth in our installed-base business positions us well for the long term.”

GUIDANCE:

Lam Research sees Q3 2019 EPS of $3.01-$3.41, versus the consensus of $3.36. Lam Research sees Q3 2019 revenue of $2.25-2.55 billion, versus the consensus of $2.45 billion.

The company also announced a $5 billion share repurchase plan.

For earnings history and earnings-related data on Lam Research (LRCX) click here.

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