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Lam Research (NASDAQ:LRCX) Q2: Beats On Revenue, Inventory Levels Improve

Semiconductor equipment maker Lam Research (NASDAQ:LCRX) beat analysts' expectations in Q2 FY2024, with revenue down 28.8% year on year to $3.76 billion. The company expects next quarter's revenue to be around $3.7 billion, in line with analysts' estimates. It made a non-GAAP profit of $7.52 per share, down from its profit of $10.71 per share in the same quarter last year.
Tim Archer David Lam Semiconductor Manufacturing Picking Winners In High Technology Lam Research Cash Flow
Source: yahoo.com

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