Lam Research (LRCX) reported earnings on Tue 17 Apr 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

Lam Research beats by $0.41, beats on revs; guides Q4 EPS above consensus, revs above consensus 

• Reports Q3 (Mar) earnings of $4.79 per share, $0.41 better than the Capital IQ Consensus of $4.38; revenues rose 34.2% year/year to $2.89 bln vs the $2.85 bln Capital IQ Consensus.
• Reports shipments of $3.13 billion, up 19% q/q.
• Gross margin of 46.0% vs. 46.7% last quarter.
• Co issues upside guidance for Q4, sees EPS of $4.80-$5.20 vs. $4.65 Capital IQ Consensus Estimate; sees Q4 revs of $2.95-$3.25 bln vs. $2.94 bln Capital IQ Consensus Estimate. Sees Non-GAAP gross margin of 46.5-48.5%.