On July 31, Lam Research rose 5.03% in regular trading, trading at approximately $316.19 per share with turnover of $3.46 billion, extending the prior session's surge of over 23%.
On the news front, the company's quarterly earnings report delivered a comprehensive beat. Adjusted EPS came in at $1.82, surpassing the consensus estimate of $1.68 by approximately 8.3% and representing a 36.8% year-over-year increase. Revenue reached $6.722 billion, exceeding the expected $6.665 billion, with both figures marking all-time highs. Gross margin expanded from 49.8% to 51.7%, while operating margin improved from 35.0% to 37.4%. More critically, next-quarter guidance significantly exceeded expectations, with projected revenue of $7.7 billion to $8.5 billion versus analysts' $7.11 billion estimate, and projected EPS of $2.00 to $2.30 versus the $1.84 consensus. The CEO stated that AI-driven demand is continuously reshaping the semiconductor industry, reinforcing long-term growth confidence.
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