Benzinga | Jan 26, 2022 04:25PM EST

Lam Research: Q2 Earnings Insights

Lam Research (NASDAQ:LRCX) reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Lam Research beat estimated earnings by 0.24%, reporting an EPS of $8.53 versus an estimate of $8.51, which did not surprise analysts.

Revenue was up $771.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.15, which was followed by a 1.78% drop in the share price the next day.

Here's a look at Lam Research's past performance:



Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate 8.21 7.55 6.60 5.72EPS Actual 8.36 8.09 7.49 6.03Revenue Estimate 4.32B 4.01B 3.69B 3.34BRevenue Actual 4.30B 4.14B 3.85B 3.46B

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This article was generated by Benzinga's automated content engine and reviewed by an editor.