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Lam Research Corporation - $LRCX STOCK NEWS

Welcome to our dedicated page for Lam Research Corporation news (Ticker: $LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lam Research Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lam Research Corporation's position in the market.

Rhea-AI Summary

Lam Research (Nasdaq: LRCX) announced a quarterly dividend of $2.00 per share, payable on July 10, 2024, to shareholders recorded by June 18, 2024. Future dividends are subject to the Board of Directors' approval. Lam Research is a global supplier of wafer fabrication equipment and services for the semiconductor industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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dividends
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Rhea-AI Summary

Lam Research (Nasdaq: LRCX) announced the participation of its key executives in several upcoming investor conferences. CEO Tim Archer will attend the Bernstein Strategic Decisions Conference on May 29, 2024, at 5:00 a.m. PDT. CFO Doug Bettinger will participate in the Goldman Sachs Semiconductor Conference on May 30, 2024, at 7:00 a.m. PDT, and the Bank of America Global Technology Conference on June 4, 2024, at 9:20 a.m. PDT. Live audio webcasts of these presentations will be available on Lam's website, with replays accessible for two weeks post-event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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conferences
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Rhea-AI Summary

Lam Research (Nasdaq: LRCX) announced that Doug Bettinger, EVP and CFO, will participate in the JP Morgan Global Technology, Media and Communications Conference on May 21, 2024. A live webcast will be available on Lam's website, with a replay option for two weeks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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conferences
Rhea-AI Summary
Lam Research reported strong financial results for the quarter ended March 31, 2024, with revenue reaching $3.79 billion and U.S. GAAP diluted EPS of $7.34. Non-GAAP gross margin was 48.7% and non-GAAP diluted EPS was $7.79. The company's balance sheet showed an increase in cash and cash equivalents to $5.7 billion. Revenue distribution by region highlighted China as the largest contributor. Lam provided guidance for the quarter ending June 30, 2024, with revenue expected to be around $3.8 billion.
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Rhea-AI Sentiment
End-of-Day
1.87%
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Rhea-AI Summary
Lam Research Corp. (LRCX) will host its quarterly financial conference call and webcast on April 24, 2024, at 2:00 p.m. Pacific Time. Investors can access the webcast on Lam's website.
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-2.73%
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none
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Rhea-AI Summary
Lam Research Corp. introduces Pulsus PLD system for advanced MEMS-based microphones and RF filters, enhancing device performance. The system delivers high scandium content films, optimizing RF filters and MEMS microphones. Pulsus offers unique benefits for specialty technologies, enabling efficient manufacturing and material deposition. The technology is a game-changer in the specialty market, driving innovation and product advancement.
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Rhea-AI Sentiment
End-of-Day
-0.44%
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Rhea-AI Summary
Lam Research Corp. (LRCX) has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere for the second consecutive year. The company's commitment to business integrity, transparency, and driving semiconductor breakthroughs has been highlighted. Lam is the only wafer fabrication equipment provider on the global list, showcasing its strong ethics and compliance framework.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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none
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Rhea-AI Summary
Lam Research Corp. (LRCX) CFO Doug Bettinger to participate in Morgan Stanley Conference on March 5, 2024. Investors can access the live webcast on Lam's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
conferences
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Rhea-AI Summary
Lam Research Corporation (LRCX) has approved a quarterly dividend of $2.00 per share of common stock, payable on April 3, 2024, to holders of record on March 13, 2024. Future dividend payments are subject to review and approval by the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.46%
Tags
dividends
Rhea-AI Summary
Lam Research Corporation announced its financial results for the December 2023 quarter, with revenue of $3.76 billion, U.S. GAAP gross margin of 46.8%, and non-GAAP diluted EPS of $7.52. The company's cash and cash equivalents increased to $5.6 billion, and deferred revenue rose to $1,928 million. The geographic distribution of revenue showed 40% from China, 19% from Korea, and 14% from Japan. Lam Research provided guidance for the quarter ended March 31, 2024, with an estimated revenue of $3.7 billion and non-GAAP diluted EPS of $7.25.
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Rhea-AI Sentiment
End-of-Day
2.06%
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Lam Research Corporation

Nasdaq:LRCX

LRCX Rankings

LRCX Stock Data

119.24B
130.51M
0.25%
89.43%
1.96%
Semiconductor Machinery Manufacturing
Manufacturing
Link
United States of America
FREMONT

About LRCX

Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring.