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Lam Research (LRCX) to Post Q1 Earnings: What's in the Cards?
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Lam Research Corporation (LRCX - Free Report) is scheduled to report first-quarter fiscal 2023 results on Oct 19.
For the fiscal first quarter, the company expects revenues of $4.9 billion (+/- $300 million). The Zacks Consensus Estimate for revenues is pegged at $4.92 billion, indicating growth of 14.2% from the year-ago reported figure.
The company anticipates non-GAAP earnings per share of $9.50 (+/- 75 cents) for first-quarter fiscal 2023. The consensus mark for earnings per share is pegged at $9.54, indicating a 14.1% rise from the prior-year reported figure. Notably, the estimate has been revised upward 0.1% over the past 30 days.
Lam Research surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once, the average surprise being 5.85%.
The company’s robust NAND, DRAM, foundry and logic segments are expected to have continued driving top-line growth in the fiscal first quarter.
The growing adoption of DRAM and NAND, owing to the ongoing transition to a new data-enabled economy, is expected to have been a major tailwind.
Strengthening foundry-logic spending, including leading-edge nodes, is expected to have been the key catalyst for the company.
Increasing semiconductor demand, strengthening foundry-logic spending, expanding semiconductor content in end devices and rising device complexity are likely to have acted as tailwinds.
The growing proliferation of 5G, artificial intelligence and the Internet of Things is likely to have continued bolstering the adoption rate of the company’s advanced semiconductor and memory solutions in the fiscal first quarter.
However, Lam Research has been facing significant competition in all product and service categories in the semiconductor capital equipment market. The impacts of this are likely to get reflected in the upcoming results.
Global supply challenges and macro headwinds in consumer-focused markets are expected to have been major concerns. Risks related to foreign currency fluctuations are likely to have been other overhangs
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Lam Research this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Lam Research currently has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +0.44%.
Stocks to Consider
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their soon-to-be-reported quarterly results.
Lattice Semiconductor is set to report third-quarter 2022 results on Oct 31. The Zacks Consensus Estimate for LSCC’s earnings is pegged at 44 cents per share, which suggests an increase of 57.1% from the prior-year reported figure.
Garmin (GRMN - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank of 3 at present.
Garmin is scheduled to release third-quarter fiscal 2022 results on Oct 26. The Zacks Consensus Estimate for GRMN’s earnings is pegged at $1.14 per share.
Teradyne (TER - Free Report) has an Earnings ESP of +1.45% and is Zacks #3 Ranked at present.
Teradyne is expected to release third-quarter 2022 results on Oct 25. The Zacks Consensus Estimate for TER’s earnings is pegged at $1.04 per share.
Image: Bigstock
Lam Research (LRCX) to Post Q1 Earnings: What's in the Cards?
Lam Research Corporation (LRCX - Free Report) is scheduled to report first-quarter fiscal 2023 results on Oct 19.
For the fiscal first quarter, the company expects revenues of $4.9 billion (+/- $300 million). The Zacks Consensus Estimate for revenues is pegged at $4.92 billion, indicating growth of 14.2% from the year-ago reported figure.
The company anticipates non-GAAP earnings per share of $9.50 (+/- 75 cents) for first-quarter fiscal 2023. The consensus mark for earnings per share is pegged at $9.54, indicating a 14.1% rise from the prior-year reported figure. Notably, the estimate has been revised upward 0.1% over the past 30 days.
Lam Research surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once, the average surprise being 5.85%.
Lam Research Corporation Price and EPS Surprise
Lam Research Corporation price-eps-surprise | Lam Research Corporation Quote
Key Factors to Consider
The company’s robust NAND, DRAM, foundry and logic segments are expected to have continued driving top-line growth in the fiscal first quarter.
The growing adoption of DRAM and NAND, owing to the ongoing transition to a new data-enabled economy, is expected to have been a major tailwind.
Strengthening foundry-logic spending, including leading-edge nodes, is expected to have been the key catalyst for the company.
Increasing semiconductor demand, strengthening foundry-logic spending, expanding semiconductor content in end devices and rising device complexity are likely to have acted as tailwinds.
The growing proliferation of 5G, artificial intelligence and the Internet of Things is likely to have continued bolstering the adoption rate of the company’s advanced semiconductor and memory solutions in the fiscal first quarter.
However, Lam Research has been facing significant competition in all product and service categories in the semiconductor capital equipment market. The impacts of this are likely to get reflected in the upcoming results.
Global supply challenges and macro headwinds in consumer-focused markets are expected to have been major concerns. Risks related to foreign currency fluctuations are likely to have been other overhangs
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Lam Research this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Lam Research currently has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +0.44%.
Stocks to Consider
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their soon-to-be-reported quarterly results.
Lattice Semiconductor (LSCC - Free Report) has an Earnings ESP of +2.27% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Lattice Semiconductor is set to report third-quarter 2022 results on Oct 31. The Zacks Consensus Estimate for LSCC’s earnings is pegged at 44 cents per share, which suggests an increase of 57.1% from the prior-year reported figure.
Garmin (GRMN - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank of 3 at present.
Garmin is scheduled to release third-quarter fiscal 2022 results on Oct 26. The Zacks Consensus Estimate for GRMN’s earnings is pegged at $1.14 per share.
Teradyne (TER - Free Report) has an Earnings ESP of +1.45% and is Zacks #3 Ranked at present.
Teradyne is expected to release third-quarter 2022 results on Oct 25. The Zacks Consensus Estimate for TER’s earnings is pegged at $1.04 per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.