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By By Paul Ziobro Lam Research posted another sharp drop in quarterly profit and revenue as the pullback in spending on semiconductor manufacturing equipment pressured results. The...
Quarterly Financial Performance Reflects Increased Demand and Operational Efficiency
FREMONT, Calif., Jan. 24, 2024 /PRNewswire/ -- Lam Research Corporation today announced financial results for the quarter ended December 24, 2023 . Highlights for the December 2023 quarter were as...
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.
By Paul Ziobro Lam Research posted another sharp drop in quarterly profit and revenue as the pullback in spending on semiconductor manufacturing equipment...