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Lam Research Reports $1.2 Billion Quarterly Profit
By USinMinutes - Jan 29, 2025, 04:08 PM ET
Last Updated - Jan 29, 2025, 10:33 PM EST
The company records $4.4 billion revenue for Q2 ended Dec 29, 2024
LAM RESEARCH CORP [LRCX] reported $1.2 billion profit for Q2 ended Dec 29, 2024, showing an increase of $74.6 million.
The company revealed in its 8-K filing to the SEC dated Jan 29, 2025 that it generated revenue of $4.4 billion for the period, showing an increase of $208.1 million from the last quarter.
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Based in Fremont, California, the company reported $0.9 earnings per share for the period, compared to $0.9 in the last quarter.
The company's profit increased by 6.2% from $1.1 billion in the last quarter.
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The revenue increased 16.43% from $3.8 billion in the same quarter of the previous year.
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