24 stories mentioning LRCX
Every FINWIRES story that references LRCX, newest first.
Lam Research (LRCX) has an average rating of overweight and mean price target of $309.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $265.14, Change: $-0.41, Percent Change: -0.15%
Lam Research (LRCX) has an average rating of overweight and mean price target of $309.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $270.63, Change: $+5.08, Percent Change: +1.91%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:LRCX posted impressive Mar-Q results with sales of $5.84B (+24% Y/Y) and non-GAAP EPS of $1.47 (+41%), beating Street expectations of $5.76B / $1.36. Systems revenue grew 23% Y/Y (vs. +28% last Q) while CSBG sales accelerated to 25% growth (from +14%), reflecting continued strong AI spending momentum. We see continued upside as elevated memory prices drive equipment purchases that should benefit LRCX in the coming quarters. Management provided strong Jun-Q guidance of $6.6B sales (vs. $6.0B Street) and $1.65 EPS (vs. $1.45), while raising its CY 26 WFE outlook to $140B+ from $135B, implying 27% industry growth despite supply constraints. China sales remain elevated at 36% of Mar-Q revenue (+100 bps Q/Q, +500 bps Y/Y), reflecting vulnerability to potential export control tightening and accelerating self-sufficiency efforts (though robust demand ex-China still supports strong growth). Non-GAAP gross margin of 49.9% and operating margin of 35.0% both easily exceeded guidance midpoints (49.0% / 34.0%).
US equity investors will focus on mounting geopolitical risk in the Middle East while keeping an eye on Q1 earnings and retail sales.* Iran vowed retaliation after the US Navy seized an Iranian cargo ship in the Gulf of Oman, endangering the planned second round of negotiations in Pakistan this week to find a lasting solution for peace for Tehran, according to multiple media reports.* US Vice President JD Vance and top US officials were expected to travel to Islamabad, but Iran's foreign ministry insisted there were no plans for talks, CNN reported. The ceasefire, which the US and Iran have accused each other of violating, expires on Wednesday.* After scaling fresh records on Friday amid optimism that an Iran peace deal could materialize without extending the two-week ceasefire, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average futures slumped early on Monday amid concerns of an escalation of the war in the Middle East.* West Texas Intermediate crude oil futures soared 7.2% to $89.92, and Brent crude futures jumped 6.3% to $96.10 pre-bell. Reflecting the potential impact of elevated crude oil prices on inflation, gold futures dropped 1.5% to $4,808.8, and silver futures slumped 3% to $79.37 early Monday. Similarly, most US Treasury yields rose, with the 10-year up 2.2 basis points to 4.27% and the two-year jumped 3.5 basis points to 3.74%.* The highlight of quarterly earnings this week will be Tesla (TSLA) as well as some technology names such as Intel (INTC), IBM (IBM), Lam Research (LRCX), Texas Instruments (TXN), and SAP (SAP). Other mega-caps expected to report this week include American Express (AXP), GE Vernova (GEV), Boeing (BA), and United Health (UNH).* In US macroeconomic data, investors will focus on retail sales, S&P Global manufacturing and services PMIs, ADP employment change, initial jobless claims, and the final read on Michigan consumer sentiment alongside Michigan inflation expectations for one and five years ahead.
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