NASDAQ$LRCX
Lam Research Corp · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended June 30, 2024, with revenue above guidance midpoint and strategic investments in R&D and operations.
Lam Research reported revenue of $3.87 billion and GAAP EPS of $7.78 for the quarter ended June 30, 2024. The results exceeded the midpoint of their guidance, driven by solid execution and growth in the customer support business group. The company is making strategic investments in R&D and operations to position itself for a multi-year period of strong wafer fab equipment spending.
- Revenue reached $3.87 billion.
- GAAP gross margin was 47.5%, with GAAP EPS at $7.78.
- Non-GAAP gross margin was 48.5%, with non-GAAP EPS at $8.14.
- Cash and cash equivalents increased to $5.9 billion.
Headline financials
Revenue & EPS history
Lam Research · Revenue · Quarterly
$3.87B
Revenue by segment
Lam Research · $2.06B total across 1 segment · Q1 2024
- Systems$2.06B-35.4%100.0%
Forward guidance
For the quarter ended September 29, 2024, Lam is providing revenue guidance of $4.05 Billion +/- $300 Million, gross margin as a percentage of revenue of 46.9%+/-1%, operating income as a percentage of revenue of 29.4%+/-1%, and net income per diluted share of $7.97+/-$0.75.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+2.1%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+5.5%
Avg return
30 days after
64%
43 / 67 earnings
Positive
+15.2%
Q2 2019
Best reaction
-8.2%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.6% | -5.4% | +15.0% | |
| Q2 2026 | +0.0% | -15.5% | -5.8% | |
| Q1 2026 | +2.2% | +10.2% | +1.0% | |
| Q3 2025 | +6.2% | +6.2% | +21.5% | |
| Q2 2025 | +7.4% | +6.3% | +2.1% | |
| Q1 2025 | +4.9% | +3.4% | -0.5% | |
| Q4 2024 | -2.9% | -9.9% | -4.0% | |
| Q3 2024 | +1.6% | +4.7% | +9.4% | |
| Q2 2024 | +4.2% | +1.9% | +11.8% | |
| Q1 2024 | -7.4% | -7.7% | +7.8% | |
| Q4 2023 | +8.0% | +10.5% | +1.5% | |
| Q3 2023 | +6.3% | +3.8% | +18.9% | |
| Q2 2023 | +2.1% | -1.8% | -1.8% | |
| Q1 2023 | +10.5% | +16.1% | +41.8% | |
| Q4 2022 | +8.4% | +12.4% | +1.4% | |
| Q3 2022 | -2.0% | -0.6% | -1.1% | |
| Q2 2022 | -5.6% | +0.3% | -2.6% | |
| Q1 2022 | -2.7% | -3.3% | +12.9% | |
| Q4 2021 | -0.5% | +3.1% | -2.1% | |
| Q3 2021 | +0.2% | +4.9% | +0.2% | |
| Q2 2021 | -8.2% | -9.3% | +2.6% | |
| Q1 2021 | -1.5% | -4.4% | +19.3% | |
| Q4 2020 | +8.5% | +9.3% | +0.5% | |
| Q3 2020 | +8.4% | +8.5% | +7.2% | |
| Q2 2020 | +3.1% | +2.2% | -2.7% | |
| Q1 2020 | +13.1% | +19.7% | +11.5% | |
| Q4 2019 | -2.6% | -8.4% | -0.4% | |
| Q3 2019 | +5.3% | +5.8% | -6.6% | |
| Q2 2019 | +15.2% | +18.7% | +28.1% | |
| Q1 2019 | +3.3% | +1.9% | +2.7% | |
| Q4 2018 | +10.0% | +10.3% | -0.2% | |
| Q3 2018 | +0.1% | -5.7% | -0.1% | |
| Q2 2018 | -7.3% | -8.9% | -10.2% | |
| Q1 2018 | +4.2% | +6.7% | +10.8% | |
| Q4 2017 | +0.2% | -3.0% | -4.0% | |
| Q3 2017 | +7.0% | +9.9% | +17.7% | |
| Q2 2017 | -0.3% | +1.2% | +3.6% | |
| Q1 2017 | -2.6% | -0.5% | +5.3% | |
| Q4 2016 | +1.6% | -0.9% | +2.4% | |
| Q3 2016 | -2.4% | — | — | |
| Q2 2016 | +1.2% | — | — | |
| Q1 2016 | +3.7% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +10.0% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | +9.8% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | -2.0% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +7.3% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | +7.8% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | -3.3% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q1 2012 | -7.8% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2010 | -1.5% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q2 2010 | +1.9% | — | — | |
| Q1 2010 | +4.6% | — | — | |
| Q1 2011 | +4.6% | — | — | |
| Q4 2010 | +4.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro