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Lam Research Corporation  (LRCX)
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Lam Research Corporation

LRCX's Financial Statements and Analysis



Lam Research Corporation reported in the second quarter of 2024 net earnings per share of $7.22 a decrease by -32.96 % year on year from $10.77 and an improvement of 8.41 % from $6.66 realized in I. Quarter (Sep 24 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 7.22 $  3,757 Mill
$-3.55     -32.96 % $-1,520M     -28.8 %



Lam Research's Revenue fell by -28.8 % in second quarter of 2024 (Dec 24 2023) year on year, to $3,757 million and advanced by 7.92 % sequentially.


Lam Research is

More on LRCX's Income Statement



Lam Research's net income of $954.266 million in the second quarter of 2024 decreased by -35.02 % from net earnings of $1,468.507 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 7.54 % from net income of $887.398 million realized in previous quarter.

More on LRCX's Growth

Lam Research Inventories
Inventories declined by -8.09 % to $4,429.91 million from II. Quarter a year ago, sequentially inventories fell by -6.7 %. LRCX's Cash flow In the second quarter of 2024 company's net cash flow was $499 million, capital expenditures grew by -163.378-29.44%, to $-115 millions compare to same quarter a year ago

More on LRCX's Cash flow Statement


Lam Research Corporation payed out dividend of $7.17 per share in last 52 weeks representing 27.70 % of net earning per share in trailing twelve-month period.

During the same period Lam Research Corporation earned $ 39.74 cash per share, on a free-cash flow basis 153.55 % of net earning per share.

Book value grew by 2.91 % sequentially to $62.19 per share, 4.93% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 48.74 per share from $ 47.03.

Company repurchased 0.95 million shares or 0.71 % in Dec 24 2023.
Debt Coverage Ratio was 0.78.

More on LRCX's Dividends

 Market Capitalization (Millions) 122,341
 Shares Outstanding (Millions) 132
 Total Debt (Millions $) 4,984
 Revenue (TTM) (Millions $) 14,315
 Net Income (TTM) (Millions $) 3,458
 Cash Flow (TTM) (Millions $) 889
 Capital Exp. (TTM) (Millions $) -390
 Dividend TTM ($) 7.17 $
 Dividend Yield TTM (%) 0.86 %
 Employees (TTM) $ 17,700




Lam Research Corporation payed out dividend of $7.17 per share in the last 52 weeks representing 27.70 % of net earning per share in trailing twelve-month period.

During the same period Lam Research Corporation had $ 39.74 cash flow per share, on a free-cash flow basis 153.55 % of net earning per share.

Book value grew by 2.91 % sequentially to $62.19 per share, 4.93% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 48.74 per share from $ 47.03.

Company repurchased 0.95 million shares or 0.71 % in Dec 24 2023.
Debt Coverage Ratio was 0.78.

More on LRCX's Balance Sheets

 Market Capitalization (Millions) 122,341
 Shares Outstanding (Millions) 132
 Total Debt (Millions $) 4,984
 Revenue (TTM) (Millions $) 14,315
 Net Income (TTM) (Millions $) 3,458
 Cash Flow (TTM) (Millions $) 889
 Capital Exp. (TTM) (Millions $) -390
 Dividend TTM ($) 7.17 $
 Dividend Yield TTM (%) 0.86 %
 Employees (TTM) $ 17,700
   


  News about Lam Research Corporation Earnings

Lam Research Corporation Faces Tough Q2 of 2024 as Financial Challenges Mount


As an industry analyst for the , I have been closely monitoring Lam Research Corporation's financial results for the fiscal span closing on December 24, 2023. The company experienced both positive and negative changes, painting a complex picture of their current position and future prospects.
Starting with the negative aspects, Lam Research reported a decline in net profit per share by -32.96%, dropping from $10.77 per share to $7.22 per share compared to the previous year. This decrease was accompanied by a -35.02% fall in bottom-line profits, from $1,468.507 million to $954.266 million in the same period. These figures highlight the challenges faced by the company in maintaining profitability amid...

Headline: Lam Research Corporation's Financial Performance Takes a Hit, but Shares Hold Promise for Recovery

Headline: Lam Research Corporation Faces Challenges as Financial Performance Declines, but Shares Show Potential for Recovery

Investors of Lam Research Corporation (NASDAQ: LRC) are closely monitoring the recent financial results, which reveal a decline in income per share and revenue for the financial period ending September 24, 2023. However, despite these challenges, the company's shares have shown potential for recovery, with a strong year-to-date performance and trading above its 52-week average.
Income per Share Declines and Revenue Crumbles:
During the financial period ending September 24, 2023, Lam Research Corporation experienced a significant drop of -35.9% in income per share, dec...

Lam Research Corporation: Pushing Through Turbulent Times, Achieving Remarkable Fourth Quarter Performance in 2023

Lam Research Corporation Faces Challenges But Shows Resilience in Challenging Environment
Despite facing some headwinds in the fiscal span ending June 25, 2023, Lam Research Corporation has displayed its ability to navigate through challenging times and maintain a strong position in the market. The company's net profit per share took a hit, dropping by -31.51% to $5.99 per share compared to $8.74 a year prior. Additionally, net profit per share decreased by -0.39% from $6.01 per share in the previous financial reporting period.
The company's revenue also faced significant decline, crumbling by -30.825% to $3.21 billion from $4.64 billion in the corresponding financial reporting period a year prior. S...


Date modified: 2024-01-30T08:52:14+00:00





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