Lam Research Reports Q3 2024 Financial Results and 10-for-1 Stock Split

Details

The company reported revenue of $4.17 billion, U.S. GAAP gross margin of 48.0%, and U.S. GAAP diluted EPS of $0.86 post-split. Non-GAAP metrics showed a gross margin of 48.2% and diluted EPS of $0.86. The company also announced a 10-for-1 stock split effective October 2, 2024. For Q4 2024, Lam is guiding revenue between $4.00 and $4.60 billion.

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About Lam Research Corporation

Lam Research Corporation is a leading supplier of semiconductor processing equipment used in the fabrication of integrated circuits. Renowned for its innovation in wafer fabrication, Lam Research focuses on developing advanced technology solutions that enable critical processes such as plasma etch and deposition, which are essential for manufacturing chips found in a wide range of electronic devices. The company's equipment plays a pivotal role in the production of memory and logic devices, foundational to computing, communications, and consumer electronics sectors. With a global presence, Lam Research collaborates with semiconductor manufacturers to enhance yield and improve performance, ensuring next-generation chip technologies meet the demands of modern applications. As the semiconductor industry continues to expand and evolve, Lam Research remains integral to driving advancements and efficiency improvements in chip production, thereby maintaining its strategic significance within the technology supply chain.