Lam Research Full Year 2024 Earnings: EPS Beats Expectations

Lam Research (NASDAQ:LRCX) Full Year 2024 Results

Key Financial Results

• Revenue: US$14.9b (down 14% from FY 2023).
• Net income: US$3.83b (down 15% from FY 2023).
• Profit margin: 26% (in line with FY 2023).
• EPS: US$29.13 (down from US$33.30 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lam Research EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

In the last 12 months, the only revenue segment was Semiconductor Equipment and Services contributing US$14.9b. Notably, cost of sales worth US$7.81b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$1.90b (58% of total expenses). Explore how LRCX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 14% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Lam Research's balance sheet and an in-depth analysis of the company's financial position.

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