Lam Research Sees Q1 Adj. EPS $7.25 To $8.75, Est. $8.10; Sees Q1 Adj. Oper. Margin 28.5% To 30.5%, Est. 29.7%; Sees Q1 Rev. $3.75B To $4.35B, Est. $4.04B
Portfolio Pulse from Benzinga Newsdesk
Lam Research has provided its Q1 financial guidance, projecting adjusted EPS between $7.25 and $8.75, with an estimate of $8.10. The company also expects an adjusted operating margin of 28.5% to 30.5%, with an estimate of 29.7%, and revenue between $3.75 billion and $4.35 billion, with an estimate of $4.04 billion.
July 31, 2024 | 8:10 pm
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Lam Research has provided its Q1 financial guidance, projecting adjusted EPS between $7.25 and $8.75, with an estimate of $8.10. The company also expects an adjusted operating margin of 28.5% to 30.5%, with an estimate of 29.7%, and revenue between $3.75 billion and $4.35 billion, with an estimate of $4.04 billion.
Lam Research's Q1 guidance shows a range of potential outcomes, with the midpoint of the guidance generally aligning with analyst estimates. This suggests a stable outlook, which is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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