Benzinga | Jan 27, 2021 04:35PM EST

Lam Research: Q2 Earnings Insights

Shares of Lam Research (NASDAQ:LRCX) rose in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 50.37% over the past year to $6.03, which beat the estimate of $5.72.

Revenue of $3,456,000,000 up by 33.75% from the same period last year, which beat the estimate of $3,340,000,000.

Guidance

Lam Research Sees Q3 Adj. EPS $6.15-$6.95 vs $5.72 Estimate, Sales $3.7B +/- $200M

Details Of The Call

Date: Jan 27, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/3ez4uujk

Price Action

Company's 52-week high was at $585.42

Company's 52-week low was at $181.38

Price action over last quarter: Up 43.86%

Company Profile

Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics and Taiwan Semiconductor Manufacturing.