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via finance.yahoo.comTech & AI

Lam Research posts record quarterly revenue of $6.72B, up 30% year on year

FROM THE WIRE · FINANCE.YAHOO.COM

Lam Research recently reported record quarterly revenue of US$6.72b, 30% higher year on year, with earnings per share and forward revenue guidance both ahead of analyst expectations, supported by demand linked to AI, 5G and advanced automotive chips. The same quarter underlined…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults and guidance above expectations for a chip equipment maker matter for the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Lam Research reported record quarterly revenue of $6.72 billion.
  2. 02Earnings per share and forward revenue guidance beat analyst expectations.
  3. 03Demand is linked to AI, 5G and advanced automotive chips.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Lam Research CorporationLRCXStock272.20 USDMarket closedtoday +3.13%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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