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 Corp. supplies wafer fabrication equipment and services used by semiconductor manufacturers to build advanced chips. Company news commonly covers quarterly operating results, regional revenue mix, etch and deposition demand, customer support revenue, dividends, investor events, and global operations tied to chipmaker capacity and technology transitions.
Lam Research updates also highlight process-development collaborations and product technologies such as Aether dry resist, Kiyo and Akara etch platforms, Striker and ALTUS Halo deposition systems, advanced packaging capabilities, and customer service offerings that include spares, upgrades, and Reliant non-leading-edge equipment.
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.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the Bernstein 36th Annual Strategic Decisions Virtual Conference on May 27, 2020, at 4:30 p.m. Eastern Time. Tim Archer, President and CEO, will engage in a virtual fireside chat. A live webcast of the presentation will be accessible via the Investors’ section on Lam's website, with a replay available for two weeks post-event.
Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry, enhancing device performance for leading companies worldwide.