Welcome to our dedicated page for Lam Research news (Ticker: LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research stock.
Lam Research Corporation (LRCX) is a global leader in semiconductor manufacturing equipment, specializing in precision deposition and etch technologies essential for advanced chip production. This dedicated news hub provides investors and industry professionals with timely updates on LRCX's strategic developments, financial performance, and technological innovations.
Access official press releases, earnings reports, and analysis of key initiatives shaping the wafer fabrication landscape. Our curated collection covers critical updates including equipment launches, strategic partnerships, and process technology advancements that drive the semiconductor industry forward.
Stay informed about LRCX's role in enabling next-generation memory and logic devices through its cutting-edge solutions. The resource is regularly updated to serve as your primary reference for understanding Lam Research's market position and operational milestones.
Bookmark this page for streamlined access to verified LRCX developments impacting semiconductor manufacturing efficiency, device scaling challenges, and industry leadership in deposition/etch systems.
Lam Research Corporation (Nasdaq: LRCX) has authorized a $5 billion share repurchase program and declared a quarterly dividend of $1.30 per share. The share buyback program is designed to enhance shareholder value and has no termination date, allowing flexibility in execution. Dividends will be paid on January 6, 2021, to shareholders on record by December 9, 2020. The company remains a key player in the semiconductor industry, providing essential wafer fabrication equipment, and is committed to ongoing innovation.
Lam Research reported strong financial results for the quarter ending September 27, 2020, with revenues of $3.18 billion, marking a 14% increase from the previous quarter. U.S. GAAP diluted EPS rose to $5.59, an 18% increase. Gross margin improved to 47.4%, and operating income as a percentage of revenue increased to 30.2%. Guidance for the upcoming quarter estimates revenues of approximately $3.3 billion with a gross margin of 46%. The firm continues to experience strong demand, especially from regions such as China and Korea.
Lam Research Corp. (LRCX) has unveiled its advanced Striker® FE platform, designed for manufacturing high-aspect-ratio chip architectures. This innovative system employs the first-of-its-kind ICEFill™ technology, optimizing the gapfill process in 3D NAND, DRAM, and logic devices, addressing significant limitations in traditional methods. The solution aims to meet industry demands for cost and technology scaling, enhancing productivity through a quad station module architecture. Lam Research is a leading supplier in the semiconductor equipment sector, enabling advanced chip production.
Lam Research Corporation (Nasdaq: LRCX) announced the retirement of Dr. Youssef A. El-Mansy from its board of directors, effective November 1, 2020, prior to the company's annual stockholders meeting. Dr. El-Mansy has served on the boards for 16 years and contributed significantly to the successful merger with Novellus Systems, bringing extensive semiconductor process technology expertise from his tenure at Intel. His departure raises questions about continuity and experience at a crucial time for the company.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the Citi 2020 Global Technology Conference, scheduled for September 9, 2020, at 11:25 a.m. PT. Doug Bettinger, CFO, will engage in a virtual fireside chat at this event. Interested parties can access a live webcast of the presentation from Lam’s website, with a replay available for two weeks post-event. Lam Research is a leading supplier of wafer fabrication equipment to the semiconductor industry, recognized for its technology and commitment to customer success.
Lam Research Corporation (Nasdaq: LRCX) announced a 13% increase in its quarterly dividend, raising it from $1.15 to $1.30 per share. The payment is scheduled for October 14, 2020, to shareholders on record by September 30, 2020. This move aligns with the company's commitment to disciplined annual dividend growth. Lam Research, based in Fremont, California, is a key supplier to the semiconductor industry, contributing to innovations in wafer fabrication equipment.
Lam Research reported a strong financial performance for the June 2020 quarter, achieving $2.79 billion in revenue, a 12% increase quarter-over-quarter. U.S. GAAP diluted EPS rose to $4.73, up 22% from the previous quarter. Non-GAAP results showed similar trends with a gross margin of 46.1% and diluted EPS of $4.78. The company ended the quarter with $7.0 billion in cash and equivalents, boosted by long-term debt issuance. Lam expects continued growth with guidance for September 2020 revenue at $3.1 billion +/- $200 million.
Lam Research Corp. (NASDAQ: LRCX) announced a financial conference call scheduled for July 29, 2020, at 2:00 p.m. PT (5:00 p.m. ET). Investors can access the live webcast through the company's website under the Investors section. A replay will be available three hours post-call. Lam Research is a leading provider of wafer fabrication equipment to the semiconductor industry, playing a crucial role in the production of advanced chips globally. The company emphasizes its commitment to innovation and customer success in this sector.
Lam Research Corporation (Nasdaq: LRCX) will participate in the Bank of America Securities Global Tech Conference on June 3, 2020, at 2:30 PM PT. Doug Bettinger, CFO, will be featured in a virtual fireside chat. The presentation will be accessible via a live webcast on Lam's website, with a replay available for two weeks post-event.
As a leading provider of wafer fabrication equipment, Lam Research is a key player in the semiconductor industry, supporting the global demand for advanced chips.
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