Lam Research Stock Price, News & Analysis

Lam Research (LRCX) has introduced ALTUS® Halo, the first atomic layer deposition (ALD) tool utilizing molybdenum in advanced semiconductor production. Currently in qualification and ramping with leading chipmakers, this breakthrough technology delivers exceptional feature fill and high-precision deposition of low-resistivity, void-free molybdenum metallization.

The tool provides over 50% improvement in resistance compared to conventional tungsten metallization, eliminating the need for adhesion or barrier layers, thus reducing process steps and improving chip speed. Early adoption has begun at high-volume 3D NAND manufacturers in Korea and Singapore, and advanced logic fabs, with ongoing development for DRAM customers.

ALTUS Halo represents a significant shift from tungsten to molybdenum-based metallization, important for scaling NAND, DRAM, and logic devices for future AI, cloud computing, and smart devices.

Lam Research (NASDAQ: LRCX) has announced an upcoming Investor Day scheduled for Wednesday, February 19, 2025, from 9:00 a.m. to noon Eastern Time. The event will be held at the Mandarin Oriental in New York City.

The meeting will provide investors and financial analysts with comprehensive updates on Lam's long-term market trends, opportunities, products, strategies, and financial targets. The company will offer a live webcast of the event, with a replay available on the Investors section of their website.

Institutional investors and financial analysts interested in attending the event in person are encouraged to contact investor.relations@lamresearch.com.

Lam Research (LRCX) has announced its Board of Directors' approval of a quarterly dividend of $0.23 per share of common stock. The dividend will be paid on April 9, 2025, to stockholders of record as of March 5, 2025.

Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry, enabling customers to produce smaller and better-performing devices. The company's technology is utilized in the production of nearly every advanced chip, combining systems engineering excellence with technology leadership and a values-based culture.

Lam Research (Nasdaq: LRCX) announced that its Aether® dry photoresist technology has been chosen by a leading memory manufacturer as the production tool of record for advanced DRAM processes. The technology, introduced in 2020, enhances the capabilities of Extreme Ultraviolet (EUV) lithography in semiconductor production.

The memory manufacturer will implement Aether® tools in its most advanced DRAM nodes for dry resist underlayers, films, and development processes. This technology overcomes traditional tradeoffs between exposure dose and manufacturing defectivity, enabling precise, low-defect patterning while reducing costs and improving scanner productivity.

Notably, Aether® offers significant sustainability benefits, using five to ten times less chemicals than traditional wet chemical resist processes and consuming less energy. The technology enhances EUV sensitivity and pattern resolution, improving wafer adherence, performance, and yield in semiconductor manufacturing.

Lam Research reported financial results for Q4 2024, showing revenue of $4.38 billion, representing a 5% increase from the previous quarter's $4.17 billion. The company achieved a U.S. GAAP gross margin of 47.4% and diluted EPS of $0.92, up 7% quarter-over-quarter.

Key metrics include operating income at 30.5% of revenue and net income of $1.19 billion. Regional revenue distribution showed China leading at 31%, followed by Korea at 25% and Taiwan at 17%. Systems revenue was $2.63 billion, while customer support-related revenue reached $1.75 billion.

For Q1 2025, Lam provided guidance of $4.65 billion (±$300 million) in revenue, with an expected gross margin of 47.9% and diluted EPS of $1.00 (±$0.10).

Lam Research (LRCX) has achieved a significant breakthrough in semiconductor manufacturing with its dry photoresist technology being qualified for 28nm pitch back end of line logic at 2nm and below by imec. The technology enhances extreme ultraviolet (EUV) lithography's resolution, productivity, and yield in next-generation semiconductor device production.

The dry resist technology provides key advantages including low-defect patterning, improved EUV sensitivity, and enhanced resolution. When paired with low NA EUV scanner at imec, the process is also extendible to high NA EUV scanner applications. Notably, the technology offers substantial sustainability benefits, consuming less energy and 5-10 times fewer raw materials compared to traditional wet chemical resist processes.

Lam Research (NASDAQ: LRCX) has announced its upcoming quarterly financial conference call and webcast, scheduled for Wednesday, January 29, 2025. The event will commence at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time).

Investors and interested parties can access the webcast through the Investors section of Lam's website at lamresearch.com, specifically under the Investors/InvestorsOverview/Events & Presentations section. A replay of the webcast will be made available on the company's website approximately three hours after the conference call concludes.

Lam Research (LRCX) has introduced Dextro™, the semiconductor industry's first collaborative robot (cobot) designed for wafer fabrication equipment maintenance optimization. Currently deployed in multiple advanced wafer fabs globally, Dextro works alongside engineers to perform critical maintenance tasks with sub-micron precision.

The cobot enhances maintenance efficiency by: performing component installation with twice the manual accuracy, executing precise bolt tightening with reduced error rates, and conducting automated chamber cleaning. These capabilities help minimize tool downtime, reduce production variability, and improve yield. Initially supporting Lam's Flex® G and H series dielectric etch tools, Dextro's support will expand to additional tools in 2025.

Lam Research (NASDAQ: LRCX) has responded to new U.S. government measures restricting semiconductor technology exports to China. The company states that the impact of these restrictions aligns with their previous expectations, and they will maintain their current financial guidance for the December 2024 quarter as announced on October 23, 2024. Lam Research, a global supplier of wafer fabrication equipment and services to the semiconductor industry, confirms that these new export regulations won't require adjustments to their financial outlook.