Lam Research (NASDAQ:LRCX) reported its Q3 earnings results on Wednesday, April 19, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Lam Research beat estimated earnings by 6.88%, reporting an EPS of $6.99 versus an estimate of $6.54.
Revenue was down $190.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.75 which was followed by a 1.91% increase in the share price the next day.
Here’s a look at Lam Research’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 9.96 | 9.55 | 7.32 | 7.58 |
| EPS Actual | 10.71 | 10.42 | 8.83 | 7.40 |
| Revenue Estimate | 5.08B | 4.88B | 4.21B | 4.26B |
| Revenue Actual | 5.28B | 5.07B | 4.64B | 4.06B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Lam Research management provided guidance for Q4 2023, expecting earnings between $4.25 and $5.75 per share.
To track all earnings releases for Lam Research visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
