Lam Research Corporation: How Are They Benefitting  From Advanced Memory Technologies?

Lam Research Corporation reported its results for the June 2024 quarter, demonstrating a solid performance with revenue, profitability, and earnings per share exceeding the midpoint of its guidance. The quarter saw a significant 22% sequential increase in revenue from its Customer Support Business Group (CSBG), largely driven by its Reliant systems and spare parts sales. Furthermore, the company celebrated a key operational milestone with its Malaysian factory shipping its 5,000th chamber, which is a critical step toward achieving long-term cost reduction goals through a more globalized manufacturing footprint.