Lam Research Corporation:  Can It Truly Benefit From The Favorable Market Conditions in NAND & Foundry/Logic? 

Lam Research recently conducted its September Q1 Earnings Conference Call for 2024. Tim Archer, President and CEO of Lam Research, along with Doug Bettinger, Executive Vice President and CFO, provided insights into the company’s financial performance and future outlook. During the quarter, Lam Research reported a strong financial performance with revenues and earnings per share exceeding expectations. The September quarter saw revenues at $4.17 billion, an 8% increase from the prior quarter. The company achieved a gross margin of 48.2% and an operating margin of 30.9%. Earnings per share were reported at $0.86. This continued growth trajectory has been driven by robust execution, despite a challenging environment where NAND spending has not yet fully recovered.