Lam Research (Nasdaq: LRCX) is expected to report Q4 earnings around July 25. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lam Research's revenues will increase 32.3% and EPS will increase 20.0%.

The average estimate for revenue is $981.2 million. On the bottom line, the average EPS estimate is $0.72.

Revenue details
Last quarter, Lam Research reported revenue of $844.9 million. GAAP reported sales were 28% higher than the prior-year quarter's $659.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.44. GAAP EPS of $0.11 for Q3 were 71% lower than the prior-year quarter's $0.38 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 41.0%, 50 basis points better than the prior-year quarter. Operating margin was 2.1%, 670 basis points worse than the prior-year quarter. Net margin was 2.2%, 470 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.59 billion. The average EPS estimate is $2.18.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 340 members out of 367 rating the stock outperform, and 27 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Lam Research a green thumbs-up, and seven 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 $46.87.

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