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 (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.
Lam Research (Nasdaq: LRCX) has announced a significant 15% increase in its quarterly dividend. The dividend will rise from $2.00 to $2.30 per share of common stock. This increased dividend will be paid on October 1, 2024, to shareholders of record as of September 17, 2024.
Lam Research is a global leader in wafer fabrication equipment and services for the semiconductor industry. The company's technology is important in building smaller, more efficient chips, with nearly every advanced chip today utilizing Lam's technology. As a FORTUNE 500® company, Lam Research continues to demonstrate its commitment to shareholder value through this dividend increase.
Lam Research Corp. (Nasdaq: LRCX) has introduced Lam Cryo™ 3.0, the third generation of its cryogenic dielectric etch technology for 3D NAND flash memory. This breakthrough technology is designed to meet the increasing demand for high-capacity, high-performance memory driven by the proliferation of generative AI. Lam Cryo 3.0 offers:
- Industry-leading precision and profile control
- Capability to etch memory channels up to 10 microns deep with less than 0.1% deviation
- 2.5 times faster etching compared to conventional processes
- 40% reduction in energy consumption and up to 90% reduction in emissions
The technology paves the way for 1000-layer 3D NAND, addressing key manufacturing challenges in the AI era.
Lam Research (LRCX) reported financial results for Q2 2024 ending June 30. Key highlights include:
- Revenue of $3.87 billion, up 2.1% quarter-over-quarter
- GAAP EPS of $7.78, up 6.0% Q/Q
- Non-GAAP EPS of $8.14, up 4.5% Q/Q
- GAAP operating income at 29.1% of revenue, up 120 bps Q/Q
- Non-GAAP operating income at 30.7% of revenue, up 40 bps Q/Q
The company saw growth in its customer support business. For Q3 2024, Lam expects revenue of $4.05 billion ± $300 million and non-GAAP EPS of $8.00 ± $0.75. CEO Tim Archer noted strategic investments in R&D and operations to position Lam for outperformance in anticipated multi-year strong wafer fab equipment spending.
Lam Research Corp. (NASDAQ: LRCX) has appointed Ava Harter as senior vice president and chief legal officer. Reporting to CEO Tim Archer, Harter will oversee all legal functions, government, and regulatory affairs. She brings extensive experience from her previous roles as chief legal officer at Whirlpool and general counsel at Owens Corning. Harter's background includes significant legal positions at General Electric and Dow Chemical, as well as work at law firms and as an adjunct professor.
CEO Tim Archer highlighted Harter's experience in developing legal strategy and building world-class teams, emphasizing her value to Lam as they focus on enabling next-generation semiconductors in the AI era. Harter expressed enthusiasm for advancing and protecting Lam's innovation while serving customers responsibly.