Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

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Go back to Lam Research (LRCX) Tops Q2 EPS by 31c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

Lam Research (LRCX) Tops Q2 Earnings and Revenue Estimates, Firms Raise Numbers and PT

January 28, 2021 7:17 AM EST

Lam Research (NASDAQ: LRCX) delivered stronger-than-expected figures for its second quarter that ended December 27.

LRCX finished the quarter with a profit of $869.2 million, which translates into earnings per share of $5.96. On an adjusted basis, the company recorded EPS of $6.03. This is higher than $5.64 expected from analysts.

Revenue came in at $3.46 billion to top the Street consensus of $3.33 billion. As for the current quarter, LRCX expects to earn between $6.15 to $6.95 per share, with the midpoint higher than $5.70 expected from the market analysts. Similarly, revenue forecast is $3.5 billion to... More

Lam Research (LRCX) PT Raised to $575 at Mizuho Securities

January 28, 2021 6:34 AM EST

Mizuho Securities analyst Vijay Rakesh raised the price target on Lam Research (NASDAQ: LRCX) to $575.00 (from $530.00) while maintaining a Buy rating.

The analyst commented, "LRCX reported a good DecQ and guided strong MarQ Rev/EPS to $3.7B/$6.55 vs. consensus $3.3B/$5.75... More

Lam Research (LRCX) PT Raised to $600 at Barclays

January 26, 2021 5:49 AM EST

Barclays raised its price target on Lam Research (NASDAQ: LRCX) to $600.00 (from $405.00) while maintaining a Overweight rating.... More

Lam Research (LRCX) PT Raised to $575 at Deutsche Bank

January 25, 2021 6:38 AM EST

Deutsche Bank analyst Sidney Ho raised the price target on Lam Research (NASDAQ: LRCX) to $575.00 (from $500.00) while maintaining a Hold rating.... More

Lam Research (LRCX) PT Raised to $660 at Citi

January 25, 2021 6:09 AM EST

Citi analyst Atif Malik raised the price target on Lam Research (NASDAQ: LRCX) to $660.00 (from $420.00) while maintaining a Buy rating.... More