- Lam Research ( NASDAQ: LRCX ) is scheduled to announce Q4 earnings results on Wednesday, July 27th, after market close.
- EPS Estimate is $7.33 (-9.38% Y/Y) amid supply chain challenges, constant chip shortages and inflation induced softness and the consensus Revenue Estimate is $4.21B (+1.66% Y/Y) led by continued strong demand for semiconductor equipment.
- During the quarter, growing usage of DRAM and NAND in consumer products is likely to have pushed demand for wafer fab equipment.
- Also, driving Q4 performance is the company winning applications across etch and deposition for all device segments; Customer Support Business Group is also winning large contract which is seen continuing in FQ4.
- Over the last 2 years, has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time.
- In its Q3 earnings, the company estimated Q4 revenue to be $4.2B, plus or minus $300M, compared to estimates of $4.45B. It also expects gross margin to be 44.5%, operating margins of 29.5% and EPS to be between $6.50 and $8 per share.
- Ahead of its earnings, Morgan Stanley cut 2023 earnings estimates on Lam Research amid worries over cuts to semiconductor equipment spending.
- Of the 28 Wall Street Analysts covering the stock, 12 assign it a Strong Buy rating while 12 rate it Hold; Quant rating stands at Buy since July 25, 2022 prior to which it stood at Hold.
- YTD, the stock lost 37.9%; SA Contributor Tech Stock Pros recently wrote, " Lam Research: Close To Bottom; Buy Now" .
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Lam Research's FQ4 earnings seen soft amid component shortages, supply chain challenges