# Lam Research Corporation (LRCX) — Q1-2024 Earnings Results

**Report date:** 2023-10-18 (after market close)  
**Sector:** Information Technology / Semiconductor Materials & Equipment  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/LRCX/earnings/Q1-2024

## Post-Earnings Brief

### Headline

Lam Research Beats on EPS, Stock Down 1.19%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $6.66 | N/A | +9.76% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Unknown

No transcript is on record, and the analysis is based solely on numerical results.

### Guidance Changes

No guidance data is available for this quarter.

### What It Means

Lam Research reported a strong EPS that exceeded expectations, which is a positive sign for the company's profitability. However, the stock reacted negatively, declining by 1.19%. This could indicate investor caution or concerns about future revenue performance, as no revenue figures or guidance were provided.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/LRCX/earnings/Q1-2024_