Why Lam Research Stock Jumped Today

Shares of semiconductor manufacturing equipment company Lam Research (NASDAQ: LRCX) jumped on Thursday after the company reported financial results for its fiscal quarter that ended Dec. 29, 2024. As of 12:20 p.m. ET, Lam Research stock was up about 8%.

Lam Research's management team had forecast revenue of around $4.3 billion for the most recent quarter. And it was on target with its guidance considering the company generated revenue of almost $4.4 billion. That was more than what analysts had expected.

Lam Research also did well with its profit margins. The company had a gross margin of 47.4%, an operating margin of 30.5%, and earnings per share (EPS) of $0.92. All of these numbers were toward the higher end of management's guidance.

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Source Fool.com