Lam Research Stock Price, News & Analysis

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.

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%.