Lam Research (NASDAQ:LRCX) reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Lam Research beat estimated earnings by 0.24%, reporting an EPS of $8.53 versus an estimate of $8.51, which did not surprise analysts.
Revenue was up $771.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15, which was followed by a 1.78% drop in the share price the next day.
Here's a look at Lam Research's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 8.21 | 7.55 | 6.60 | 5.72 |
| EPS Actual | 8.36 | 8.09 | 7.49 | 6.03 |
| Revenue Estimate | 4.32B | 4.01B | 3.69B | 3.34B |
| Revenue Actual | 4.30B | 4.14B | 3.85B | 3.46B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
