Lam Research Corp reports results for the quarter ended June 30 - Earnings Summary
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Lam Research CorpQ) reported adjusted earnings of $1.33 per share for the quarter ended June 30, exceeding analysts' expectations of $1.21. Revenue increased by 33.6% to $5.17 billion, surpassing the forecast of $5.01 billion. The company’s net income was $1.72 billion, and shares rose by 1.6% this quarter, with a 37.0% gain year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $100.00, slightly above the last closing price of $98.94.
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