Benzinga | Jan 26, 2022 04:29PM EST

Lam Research Q2 EPS $8.53 Beats $8.51 Estimate, Sales $4.23B Miss $4.41B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $8.53 per share which beat the analyst consensus estimate of $8.51 by 0.24 percent. This is a 41.46 percent increase over earnings of $6.03 per share from the same period last year. The company reported quarterly sales of $4.23 billion which missed the analyst consensus estimate of $4.41 billion by 4.15 percent. This is a 22.31 percent increase over sales of $3.46 billion the same period last year.