Lam Research

LRCX

Market cap $183B

Lam Research (LRCX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

From a technical perspective, Lam Research (LRCX) is looking like an interesting pick, as it just reached a key level of support. LRCX recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

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China's latest move to tighten control over rare earth metals' exports has sent ripples through the semiconductor industry. With new licensing requirements for foreign entities using Chinese-sourced rare earths, chip equipment makers face mounting uncertainty.

Lam Research delivered its 13th consecutive double-beat quarter, with 34% YoY revenue and 65% EPS growth in the report, driven by strong AI demand and leadership in the etch market. The company trades at a forward P/E of 31, a justified premium given double-digit top and bottom-line growth, expanding margins, and consistent execution by management. Balance sheet strength remains solid with $6.4 billion in cash versus $4.8 billion in obligations and positive net interest income, positioning it to perform well in varying rate environments.

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Shares of semiconductor equipment leader Lam Research (LRCX 1.56%) rallied in September, rising 33.7% on the month, according to data from S&P Global Market Intelligence.

Shares of Lam Research Corporation (NASDAQ:LRCX) are higher Wednesday. This follows Tuesday's selloff of almost 6%.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?