LAM RESEARCH Reports Fourth Quarter Earnings Results for June 30 2023
August 10, 2023
🌥️Earnings Overview
On July 26 2023, LAM RESEARCH ($NASDAQ:LRCX) released its earnings report for the quarter ending June 30 2023. Total revenue for the period amounted to USD 3.2 billion, a decline of 30.8% compared to the same quarter the year before. Net income decreased 33.9% from the prior year to USD 0.8 billion.
Price History
The company’s stock opened at $642.0 and closed at $642.4, down 1.2% from its prior closing price of 650.2. Overall, LAM RESEARCH saw strong performance in the fourth quarter that showed the company’s resilience in the face of challenging market conditions. The company’s cost containment strategies and increased efficiency have enabled it to continue to post impressive results despite the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lam Research. More…
| Total Revenues | Net Income | Net Margin |
| 17.43k | 4.51k | 26.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lam Research. More…
| Operations | Investing | Financing |
| 5.18k | -534.56 | -2.83k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lam Research. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.78k | 10.57k | 63.07 |
Key Ratios Snapshot
Some of the financial key ratios for Lam Research are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.2% | 25.0% | 29.9% |
| FCF Margin | ROE | ROA |
| 26.8% | 38.8% | 17.4% |
Analysis
At GoodWhale, we’ve conducted an analysis of LAM RESEARCH‘s financials and rate it as a medium risk investment. We’ve detected 3 risk warnings when we examine the income sheet, balance sheet, and non financial aspects. To view all of our findings, register on goodwhale.com and get a closer look at the data. We can provide you with additional information to help you make an informed decision. More…
Peers
Lam Research Corp is a leading company in the semiconductor industry. Its main competitors are Applied Materials Inc, ASML Holding NV, and Teradyne Inc. While all three companies are leaders in the industry, each has its own strengths and weaknesses. Lam Research Corp has a strong history of innovation and is currently the market leader in semiconductor equipment. Applied Materials Inc is the largest company in the industry and has a diversified product portfolio. ASML Holding NV is the leading supplier of lithography systems and is considered to be the most technologically advanced company in the industry. Teradyne Inc is the largest provider of semiconductor testing equipment and has a strong focus on cost-effective solutions.
– Applied Materials Inc ($NASDAQ:AMAT)
Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and packaging. The company also provides equipment to manufacturing companies in the solar industry. The company is headquartered in Santa Clara, California.
As of 2022, the company has a market capitalization of 66.47 billion dollars and a return on equity of 41.67%. The company has a long history of profitability and has been a leader in the semiconductor equipment industry for many years. The company’s products are used in the manufacture of a wide variety of electronic devices and products, from personal computers and cell phones to solar panels and LED lights.
– ASML Holding NV ($LTS:0M42)
ASML Holding NV is a holding company that engages in the manufacture of chip-making equipment. The company has a market cap of 157.8 billion as of 2022 and a return on equity of 39.44%. ASML is a leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are used to print circuits on silicon wafers.
– Teradyne Inc ($NASDAQ:TER)
Teradyne Inc is a leading provider of automated test equipment and semiconductor packaging solutions. The company has a market cap of 11.41B as of 2022 and a return on equity of 35.51%. Teradyne’s products are used in a variety of industries, including telecommunications, networking, computing, and consumer electronics. The company’s products are used in the testing of digital, analog, and mixed-signal devices. Teradyne also provides semiconductor packaging solutions for a variety of applications.
Summary
Investors are concerned about the performance of LAM RESEARCH, as the company reported a substantial decrease in revenue and net income for the fourth quarter ending June 30 2023. Total revenue for the period stood at USD 3.2 billion, a 30.8% decline from the same period in the previous year. Likewise, net income for the quarter was USD 0.8 billion, which is 33.9% lower than the previous year. Investors should remain cautious when investing in LAM RESEARCH, as the company continues to struggle with declining revenue and income.
