Welcome to our dedicated page for Lam Research news (Ticker: LRCX), a resource for investors and traders seeking the latest updates and insights on Lam Research stock.
Lam Research Corporation (NASDAQ: LRCX) is a leading American supplier of wafer fabrication equipment and related services to the semiconductor industry. Headquartered in Fremont, California, Lam Research designs and manufactures tools that are essential for the production of integrated circuits, commonly known as microchips. The company's equipment plays a critical role in the front-end wafer processing stages, which are vital for creating the active components and wiring structures of semiconductor devices.
With a strong presence in the semiconductor manufacturing market, Lam Research specializes in deposition and etch processes. Deposition involves the buildup of complex layers on semiconductor wafers, while etching selectively removes patterns from these layers to create intricate circuit designs. Lam Research holds a top market share in etch technology and is the second largest player in deposition. The company's customers include major global chipmakers such as TSMC, Samsung, Intel, and Micron.
Lam Research has recently made significant strides in innovation and sustainability. The company introduced its Semiverse Solutions portfolio, which creates a virtual semiconductor innovation ecosystem that enhances engineering skill training and accelerates technology breakthroughs. This initiative is crucial for addressing talent shortages and improving safety and sustainability in semiconductor education.
In its latest efforts to support the semiconductor industry's growth, Lam Research has also announced its collaboration with the Indian government to educate and train the next generation of semiconductor engineers. The company's advanced virtual labs and tools provide cost-effective and safe learning environments, democratizing access to cutting-edge technologies and expanding the talent pool globally.
Financially, Lam Research has demonstrated resilience and robust performance. For the quarter ended December 2023, the company reported revenues of $3.758 billion and a gross margin of 46.8%, with net income reaching $954 million. This financial strength enables Lam Research to continue investing in product differentiation and global infrastructure, positioning itself favorably for future growth driven by innovations like artificial intelligence.
Lam Research remains committed to environmental, social, and governance (ESG) goals. The company has exceeded its water savings targets and expanded its employee volunteer hours, showcasing its dedication to sustainability and community impact. Additionally, Lam has been recognized for its ESG efforts, being included in the Dow Jones Sustainability Index for North America and receiving numerous industry accolades.
Lam Research reported strong financial results for the June 2021 quarter, achieving $4.15 billion in revenue, an 8% increase from the previous quarter. The company recorded a U.S. GAAP gross margin of 46.2% and diluted EPS of $7.98, reflecting an 8% growth in earnings. Non-GAAP results showed a gross margin of 46.5% and diluted EPS of $8.09. For the upcoming September quarter, Lam anticipates revenues of $4.3 billion with a gross margin of 46.0%. The company continues to leverage strong semiconductor demand and advanced technology to maintain market leadership.
Lam Research Corp. (NASDAQ: LRCX) will host its quarterly financial conference call on July 28, 2021, at 2:00 p.m. PT. The event will be accessible via a webcast on the company's website, allowing investors to listen to the call and view the accompanying presentation materials. A replay will also be available three hours post-event. Lam Research is a leading supplier of wafer fabrication equipment and services to the semiconductor industry, integral in producing advanced chips with their technology.
Lam Research published its 2020 Environmental, Social, and Governance (ESG) report, outlining significant advancements in sustainability and community support. Key goals include operating on 100% renewable energy by 2030 and achieving net-zero carbon emissions by 2050. In 2020, the company implemented measures for COVID-19 relief, ensuring workplace safety, and promoting inclusion and diversity among employees. Notably, the COVID-19 relief commitment totaled $25 million, and key innovations in product design reduced environmental impact. Lam also closed a $1.5 billion sustainability-linked credit facility to support its ESG objectives.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in two key investor conferences. Doug Bettinger, Executive Vice President and CFO, will present at the Evercore TMT Conference on June 9, 2021, at 8:00 a.m. PT and at the Bank of America 2021 Global Technology Conference on June 10, 2021, at 7:45 a.m. PT. Live webcasts will be accessible via Lam's website, with replays available for two weeks post-event. Lam Research is a leading supplier of wafer fabrication equipment, pivotal in advanced chip manufacturing.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the Bernstein Strategic Decisions Conference on June 3, 2021, at 11:30 a.m. PT. Tim Archer, the President and CEO, will represent the company.
A live webcast of the event will be accessible on Lam's website, with a replay available for two weeks afterward. Lam Research is a pivotal supplier in the semiconductor industry, involved in wafer fabrication equipment and services. It is headquartered in Fremont, California, and is recognized as a FORTUNE 500® company.
Lam Research Corporation (LRCX) announced the redemption of its 2.625% Senior Convertible Notes due 2041, effective May 21, 2021. Holders will receive a redemption price of $1,002.35 per $1,000 principal, which includes accrued regular interest of $0.44 and contingent interest of $1.91 for the period from May 15 to May 21, 2021. The notes can be converted into 31.8009 shares of common stock per $1,000 principal before the redemption date. This announcement follows a notice of redemption issued earlier and does not constitute an offer for securities.
On May 13, 2021, Lam Research Corporation (LRCX) announced a quarterly dividend of $1.30 per share, payable on July 7, 2021, to shareholders of record on June 16, 2021. This decision underscores the company's commitment to returning value to its investors. Future dividends will be subject to Board review. Lam Research is a key player in the semiconductor industry, providing innovative wafer fabrication equipment globally, emphasizing its strategy to enhance device performance.
Lam Research Corporation (Nasdaq: LRCX) announced its participation in the JP Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 11:10 a.m. Pacific Time. Doug Bettinger, the Executive Vice President and CFO, will represent the company. A live webcast of the event will be accessible through the Investors’ section of Lam's website, with a replay available for two weeks post-presentation. Lam Research is a significant supplier of wafer fabrication equipment to the semiconductor industry, and its technology is integral to advanced chip production.
Lam Research reported strong financial results for the quarter ending March 28, 2021, with revenue of $3.85 billion, a 46.3% gross margin, and diluted EPS of $7.41 on a GAAP basis, reflecting an 11% revenue increase from the previous quarter. Non-GAAP results showed a similar revenue figure with a diluted EPS of $7.49. Operating income rose to 31.1% of revenue. Cash and cash equivalents decreased to $6 billion due to significant share repurchases and dividends. The company expects revenue of $4 billion for the next quarter, indicating continued growth.
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