Wall Street expects a year-over-year decline in earnings on lower revenues when Lam Research (LRCX) reports results for FYQ2 ended December 2019 after the market close on Wednesday, Jan. 29. Revenues are expected to be $2.50 billion, down 0.8% from the year-ago quarter.
Below are several illustrations of revenue pull-ins for CYQ4 that are impacting revenues for this quarter. Remember, they not only affect Lam Research but most semiconductor equipment companies.
Based on these pull-ins, I expect Lam will report revenues greater than the Street consensus of $2.50 billion. Guidance provided during the