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Lam Research Corporation - $LRCX STOCK NEWS

Welcome to our dedicated page for Lam Research Corporation news (Ticker: $LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research Corporation stock.

Lam Research Corporation (NASDAQ: LRCX) is a leading American supplier of wafer fabrication equipment and related services to the semiconductor industry. Headquartered in Fremont, California, Lam Research designs and manufactures tools that are essential for the production of integrated circuits, commonly known as microchips. The company's equipment plays a critical role in the front-end wafer processing stages, which are vital for creating the active components and wiring structures of semiconductor devices.

With a strong presence in the semiconductor manufacturing market, Lam Research specializes in deposition and etch processes. Deposition involves the buildup of complex layers on semiconductor wafers, while etching selectively removes patterns from these layers to create intricate circuit designs. Lam Research holds a top market share in etch technology and is the second largest player in deposition. The company's customers include major global chipmakers such as TSMC, Samsung, Intel, and Micron.

Lam Research has recently made significant strides in innovation and sustainability. The company introduced its Semiverse Solutions portfolio, which creates a virtual semiconductor innovation ecosystem that enhances engineering skill training and accelerates technology breakthroughs. This initiative is crucial for addressing talent shortages and improving safety and sustainability in semiconductor education.

In its latest efforts to support the semiconductor industry's growth, Lam Research has also announced its collaboration with the Indian government to educate and train the next generation of semiconductor engineers. The company's advanced virtual labs and tools provide cost-effective and safe learning environments, democratizing access to cutting-edge technologies and expanding the talent pool globally.

Financially, Lam Research has demonstrated resilience and robust performance. For the quarter ended December 2023, the company reported revenues of $3.758 billion and a gross margin of 46.8%, with net income reaching $954 million. This financial strength enables Lam Research to continue investing in product differentiation and global infrastructure, positioning itself favorably for future growth driven by innovations like artificial intelligence.

Lam Research remains committed to environmental, social, and governance (ESG) goals. The company has exceeded its water savings targets and expanded its employee volunteer hours, showcasing its dedication to sustainability and community impact. Additionally, Lam has been recognized for its ESG efforts, being included in the Dow Jones Sustainability Index for North America and receiving numerous industry accolades.

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Lam Research announced a $10 billion share repurchase authorization and a 10-for-1 stock split. The share repurchase aligns with their plan to return 75% to 100% of free cash flow to stockholders. This authorization supplements previous ones and has no termination date. The stock split will be effective after market close on October 2, 2024, with trading on a post-split basis starting October 3, 2024. Adjustments will be made to various equity plans and agreements. Lam Research supplies innovative wafer fabrication equipment and services to the semiconductor industry and is a FORTUNE 500® company.

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Lam Research (Nasdaq: LRCX) announced a quarterly dividend of $2.00 per share, payable on July 10, 2024, to shareholders recorded by June 18, 2024. Future dividends are subject to the Board of Directors' approval. Lam Research is a global supplier of wafer fabrication equipment and services for the semiconductor industry.

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Lam Research (Nasdaq: LRCX) announced the participation of its key executives in several upcoming investor conferences. CEO Tim Archer will attend the Bernstein Strategic Decisions Conference on May 29, 2024, at 5:00 a.m. PDT. CFO Doug Bettinger will participate in the Goldman Sachs Semiconductor Conference on May 30, 2024, at 7:00 a.m. PDT, and the Bank of America Global Technology Conference on June 4, 2024, at 9:20 a.m. PDT. Live audio webcasts of these presentations will be available on Lam's website, with replays accessible for two weeks post-event.

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Lam Research (Nasdaq: LRCX) announced that Doug Bettinger, EVP and CFO, will participate in the JP Morgan Global Technology, Media and Communications Conference on May 21, 2024. A live webcast will be available on Lam's website, with a replay option for two weeks.

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Lam Research reported strong financial results for the quarter ended March 31, 2024, with revenue reaching $3.79 billion and U.S. GAAP diluted EPS of $7.34. Non-GAAP gross margin was 48.7% and non-GAAP diluted EPS was $7.79. The company's balance sheet showed an increase in cash and cash equivalents to $5.7 billion. Revenue distribution by region highlighted China as the largest contributor. Lam provided guidance for the quarter ending June 30, 2024, with revenue expected to be around $3.8 billion.
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Lam Research Corp. (LRCX) will host its quarterly financial conference call and webcast on April 24, 2024, at 2:00 p.m. Pacific Time. Investors can access the webcast on Lam's website.
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Lam Research Corp. introduces Pulsus PLD system for advanced MEMS-based microphones and RF filters, enhancing device performance. The system delivers high scandium content films, optimizing RF filters and MEMS microphones. Pulsus offers unique benefits for specialty technologies, enabling efficient manufacturing and material deposition. The technology is a game-changer in the specialty market, driving innovation and product advancement.
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Lam Research Corp. (LRCX) has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere for the second consecutive year. The company's commitment to business integrity, transparency, and driving semiconductor breakthroughs has been highlighted. Lam is the only wafer fabrication equipment provider on the global list, showcasing its strong ethics and compliance framework.
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Lam Research Corp. (LRCX) CFO Doug Bettinger to participate in Morgan Stanley Conference on March 5, 2024. Investors can access the live webcast on Lam's website.
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Lam Research Corporation (LRCX) has approved a quarterly dividend of $2.00 per share of common stock, payable on April 3, 2024, to holders of record on March 13, 2024. Future dividend payments are subject to review and approval by the Board of Directors.
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FAQ

What does Lam Research Corporation do?

Lam Research designs and manufactures wafer fabrication equipment and provides related services to the semiconductor industry, focusing on deposition and etch processes.

Who are the major customers of Lam Research?

Major customers include global chipmakers such as TSMC, Samsung, Intel, and Micron.

What are Lam Research's recent achievements?

Recent achievements include the introduction of the Semiverse Solutions portfolio and collaboration with the Indian government to train semiconductor engineers.

What is Lam Research's financial performance?

For the quarter ended December 2023, Lam Research reported revenues of $3.758 billion, a gross margin of 46.8%, and a net income of $954 million.

What are Lam Research's ESG goals?

Lam Research has rigorous ESG goals, including emissions reductions, water savings, and employee volunteerism, with the company surpassing its 2025 targets in these areas.

How does Lam Research support semiconductor education?

Lam Research supports semiconductor education through virtual labs and tools, providing safe and cost-effective learning environments for future engineers.

What is the Semiverse Solutions portfolio?

The Semiverse Solutions portfolio is a virtual semiconductor innovation ecosystem aimed at enhancing engineering skills training and speeding up technology breakthroughs.

How does Lam Research contribute to sustainability?

Lam Research focuses on developing efficient products and processes to reduce greenhouse gas emissions and collaborates with suppliers on sustainability initiatives.

What recognitions has Lam Research received?

Lam Research has been included in the Dow Jones Sustainability Index for North America and received several industry accolades for its ESG efforts.

Where is Lam Research headquartered?

Lam Research is headquartered in Fremont, California, with operations around the globe.

Lam Research Corporation

Nasdaq:LRCX

LRCX Rankings

LRCX Stock Data

135.66B
130.51M
0.25%
89.43%
1.96%
Semiconductor Machinery Manufacturing
Manufacturing
Link
United States of America
FREMONT

About LRCX

Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring.