LRCX - Will Lam Research FQ2 results meet company guidance?

Lam Research ( NASDAQ: LRCX ) is scheduled to announce Q2 earnings results on Tuesday, January 24th, after market close.

The consensus EPS Estimate is $10.00 (+17.2% Y/Y) and the consensus Revenue Estimate is $5.08B (+20.1% Y/Y).

Last month, the stock rose as Deutsche Bank upgraded on belief memory capex will 'bottom' in 2023 .

During the previous quarter, stock jumped 10% on strong Q1 reports nd Q2 guidance . For Q2, the company is looking at Revenue $5.1B +/- $300M; Gross margin 44.5% +/- 1%; Operating income 31.5% +/- 1%; Non GAAP EPS $10 +/-$0.75.

Contributor comments on the stock: ' Lam Research: Strong Execution, Attractive Valuation ' and ' Lam Research: Micron Just Put A Hole In The Quick Memory CapEx Turnaround Hopes ' and ' Lam Research: Strong Execution, Attractive Valuation '

Over the last 2 years, LRCX has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 1 downward.

Continued strong demand for semiconductor equipment owing to the growing adoption of artificial intelligence, 5G and the IoT technologies could aid quarterly reports.

Added read: ' Semiconductors Winners And Losers At The Start Of 2023 '

SA Author rating of Buy , Wall St. rating of Buy ; Quant rating of Hold for the stock with highest factor grades to profitability.

A quick look at the company's one-year price performance compared to its peers.

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