Lam Research Corp (NAS:LRCX)

$ 769.75 21.97 (2.94%) Market Cap: 99.97 Bil Enterprise Value: 96.36 Bil PE Ratio: 26.54 PB Ratio: 11.75 GF Score: 94/100

Q4 2024 Lam Research Corp Earnings Call Transcript

Jul 31, 2024 / 09:00PM GMT

Release Date Price: $921.24 (+7.77%)

Transcript 8-K

Key Points

Positve

Lam Research Corp (LRCX) delivered solid financial results with revenues, profitability, and earnings per share all exceeding the midpoint of guidance.
The company's Customer Support Business Group (CSBG) posted strong growth, with revenues up 22% sequentially.
Lam Research Corp (LRCX) achieved a key milestone with its Malaysia factory shipping its 5,000th chamber, marking the fastest ramp of a new manufacturing facility in the company's history.
The company is making strategic investments in product development, global R&D infrastructure, and digital transformation to position itself for future growth.
Lam Research Corp (LRCX) reported the highest gross margin percentage since its merger with Novellus in 2013, coming in at 48.2%.

Negative

The company's gross margin is expected to decline in the upcoming quarter due to an unfavorable change in customer mix.
Deferred revenue decreased by $194 million from the previous quarter, indicating potential future revenue recognition challenges.
The memory segment's revenue declined, particularly in DRAM, which saw a decrease from 23% to 19% of systems revenue.
The regional revenue composition showed a slight decline in the China region, which came in at 39%, down from 42% in the prior quarter.
Operating expenses remained high, with more than 70% concentrated in research and development, which could impact short-term profitability.

Editor

Please stand by for streaming text.

Operator

Yes, AND or this AND aye. Aye. Bill, the Good evening and welcome to the Lionbridge June quarterly earnings call. For participants will be in a listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by here. After today's presentation, there will be an opportunity to ask questions. To answer your question. May press star one on your touch-tone phone. Future Your question, please press star two. Please note, this call is being recorded. I would now like to turn the conference over to Mr. Rajnish, VP, Investor Relations. Please go ahead.

Ram Ganesh

Lam Research Corp - Investor Relations

Thank you and good afternoon, everyone. Welcome to the Lam Research quarterly earnings conference call. With me today are Tim Archer, President and Chief Executive Officer, and Doug Bettinger, Executive Vice President and Chief Financial Officer. During today's call, we will share our overview on the business environment, and we will review

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