Lam Research (LRCX) stock has been upgraded by BofA Securities and Goldman Sachs despite ongoing concerns about China’s semiconductor market. Both analysts believe the company’s strengths in NAND technology and advanced packaging will drive growth in 2025, offsetting potential headwinds from China’s export controls and ASML’s weakened outlook.
U.S. stock futures are trading mixed this morning. Here’s a look at some of the key companies that are expected to grab investor attention today due to their upcoming earnings reports: Dow, Lam Research, Honeywell, Tesla, and American Airlines.
Lam Research, a leading supplier of semiconductor manufacturing equipment, exceeded analyst estimates for both earnings and revenue in the first quarter. The company attributed its success to strong execution and its position in key technology areas. Lam Research has also guided for even stronger performance in the second quarter.
Jim Cramer shared his insights on GE Vernova, Veralto, Eastman Chemical, and Lam Research during CNBC’s ‘Mad Money Lightning Round’. He expressed optimism about GE Vernova’s potential in the environmental sector and highlighted Veralto’s strong management. Cramer also favored Eastman Chemical as a top plastic stock and advised a cautious approach to Lam Research.
Lam Research Corporation (NASDAQ: LRCX) reported impressive financial results for the third quarter of 2024, beating analyst estimates for both earnings per share (EPS) and revenue. The company reported an EPS of $7.79, exceeding the consensus estimate of $7.29 by a significant margin of $0.50. Revenue for the quarter reached $3.79 billion, surpassing the consensus estimate of $3.72 billion. Lam Research also provided guidance for the fourth quarter of 2024, projecting revenue between $3.50 billion and $4.10 billion, slightly below the analyst consensus of $3.77 billion.
