Lam Research Beats Targets As AI Chip Production Drives Equipment Sales
BREAKING: Futures Rise; Intel Jumps Semiconductor equipment maker Lam Research (LRCX) late Wednesday beat estimates for its fiscal first quarter ended Sept. 28 and guided higher than views for the current period. But LRCX stock wavered in extended trading. Fremont, Calif.-based Lam earned an adjusted 5.32 billion in the September quarter. Analysts polled by FactSet had expected earnings of 5.22 billion. In the same period last year, Lam earned 86 cents a ...