Lam Research Stock Price, News & Analysis

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.

Lam Research Corp. (Nasdaq: LRCX) has announced its participation in two major upcoming investor conferences. Doug Bettinger, Executive Vice President and Chief Financial Officer, will represent the company at the UBS Global Technology and AI Conference on December 3, 2024, at 1:15 p.m. Pacific Time, and the Barclays 22nd Annual Global Technology Conference on December 11, 2024, at 8:40 a.m. Pacific Time.

Both presentations will be accessible via live audio webcasts through Lam's website investor section, with replays available for two weeks following each presentation.

Lam Research (Nasdaq: LRCX) has announced a quarterly dividend of $0.23 per share of common stock. This dividend payment will be made on January 8, 2025, to holders of record on December 11, 2024. Future dividend payments are subject to the Board of Directors' review and approval. Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, enabling customers to build smaller and better-performing devices. The company combines superior systems engineering, technology leadership, and a values-based culture, with a strong commitment to customers. Headquartered in Fremont, Calif., Lam Research is a FORTUNE 500 company with global operations.

Lam Research reported strong financial results for Q3 2024, with revenue reaching $4.17 billion, up 8% from the previous quarter. The company achieved a U.S. GAAP gross margin of 48.0% and diluted EPS of $0.86. Operating income as a percentage of revenue improved to 30.3%. The company's cash position strengthened to $6.1 billion, up from $5.9 billion in the previous quarter. For Q4 2024, Lam projects revenue of $4.30 billion (±$300 million) with an expected gross margin of 46.9%. China represented the largest revenue share at 37%, followed by Korea at 18% and Taiwan at 15%.

Lam Research Corp. (NASDAQ: LRCX) has announced its upcoming quarterly financial conference call and webcast, scheduled for Wednesday, October 23, 2024. The event will commence at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time).

Interested parties can access the webcast through the Investors section of Lam's official website at http://www.lamresearch.com. Specifically, visitors should navigate to the Investors/InvestorsOverview/Events & Presentations section to find the event details.

For those unable to attend the live event, a webcast replay will be made available on the Lam Research website approximately three hours after the conference call concludes.

Lam Research Corp. (Nasdaq: LRCX) has announced the recipients of its 2024 Supplier Excellence Awards, recognizing nine companies globally for their outstanding performance. The awards were presented in five key categories:

• Excellence in Operational Execution: Celestica Electronics SDN. BHD and Texon Co.
• Environmental, Social and Governance (ESG) Excellence: TOTO
• Excellence in Quality: Easys s.r.o.
• Rapid Prototype Materials Performance: CryoWest, Inc. and Venture
• New Product Introduction Performance: INFICON AG, TOKAI CARBON KOREA, and Times Microwave Systems, Inc.

Lam Research emphasizes the importance of a strong and scalable supply chain in accelerating innovation and meeting customer demands. The company collaborates with thousands of suppliers worldwide to responsibly source specialized materials and components for semiconductor manufacturing equipment.

Lam Research Corp. (Nasdaq: LRCX) has announced that Doug Bettinger, Executive Vice President and Chief Financial Officer, will participate in the upcoming Goldman Sachs Communacopia & Technology Conference. The event is scheduled for September 11, 2024, at 8:10 a.m. Pacific Daylight Saving Time (11:10 a.m. Eastern Daylight Saving Time).

A live audio webcast of the presentation will be available to the public through the Investors' section of Lam's website at www.lamresearch.com. For those unable to attend live, a replay of the audio webcast will be accessible for two weeks following the presentation date.

Lam Research Corp. (Nasdaq: LRCX) has appointed Ita Brennan and Mark Fields to its board of directors, effective August 30, 2024. Brennan, former CFO of Arista Networks, brings extensive financial management expertise in the technology sector. Fields, a senior advisor at TPG Capital LP, offers decades of executive-level business acumen across various industries.

Brennan's background includes CFO roles at QuantumScape and Infinera, as well as board positions at Cadence Design Systems and Planet Labs PBC. Fields previously served as interim CEO of Hertz Global Holdings and held leadership roles at Ford Motor Company, including President and CEO. He currently serves on several boards, including QUALCOMM and Hertz Global Holdings.

Both appointees are expected to contribute valuable operational and financial expertise to support Lam Research's long-term growth strategy.