Recap: Lam Research Q3 Earnings

Lam Research LRCX reported its Q3 earnings results on Wednesday, April 19, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Lam Research beat estimated earnings by 6.88%, reporting an EPS of $6.99 versus an estimate of $6.54.

Revenue was down $190.00 million from the same period last year.

Last quarter the company beat on EPS by $0.75 which was followed by a 1.91% increase in the share price the next day.

Here's a look at Lam Research's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	9.96	9.55	7.32	7.58
EPS Actual	10.71	10.42	8.83	7.40
Revenue Estimate	5.08B	4.88B	4.21B	4.26B
Revenue Actual	5.28B	5.07B	4.64B	4.06B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Lam Research management provided guidance for Q4 2023, expecting earnings between $4.25 and $5.75 per share.

To track all earnings releases for Lam Research visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.