Lam Research (LRCX) will announce FYQ4 2019 earnings after the bell on Wednesday, July 31, 2019. In light of significant headwinds facing the semiconductor capital equipment companies, primarily as a result of sever capex cuts in the memory sector, I expect Lam's top end revenue growth to drop 10% YoY compared to FYQ4 2018.
The semiconductor and semi cap industries are currently being impacted by:
- Macroeconomic uncertainty outside the U.S.
- China Trade/Technology embargos
- Japan Trade/Technology embargos
- Inventory overhang of Memory chips
- Advent of EUV lithography minimizing the need for deposition/etch
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