The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lam Research's revenues will expand 27.1% and EPS will decrease -28.0%.
The average estimate for revenue is $837.7 million. On the bottom line, the average EPS estimate is $0.36.
Last quarter, Lam Research logged revenue of $860.9 million. GAAP reported sales were 47% higher than the prior-year quarter's $584.0 million.
Last quarter, non-GAAP EPS came in at $0.45. GAAP EPS of $0.04 for Q2 were 85% lower than the prior-year quarter's $0.27 per share.
For the preceding quarter, gross margin was 41.7%, 160 basis points better than the prior-year quarter. Operating margin was 5.7%, 230 basis points worse than the prior-year quarter. Net margin was 0.7%, 500 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.52 billion. The average EPS estimate is $1.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 341 members out of 368 rating the stock outperform, and 27 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Lam Research a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lam Research is outperform, with an average price target of $42.35.
Is Lam Research the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Lam Research to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Why CalAmp, Lithia Motors, and Lam Research Jumped Today
The market was mixed, but these stocks rose. Find out why.
KLA-Tencor and Lam Research Stocks Drop on Possible Merger Delay
The semiconductor equipment companies may have more trouble combining than previously thought.
3 Attractive Income Stocks Whose Dividends Could Double
Want bigger dividend payouts? These three stocks may soon oblige.