Lam Research Shares Rise After-Hours as Revenue Outlook Beats Estimates

The company that makes semiconductor equipment forecast revenue for the three months ending on Dec. 29 of about $4.3 billion, plus or minus $300 million. That midpoint is higher than the $4.22 billion expected by analysts, according to estimates compiled by Bloomberg.

Revenue for the quarter that ended in September rose 8% from the previous quarter to $4.17 billion, beating the average analyst estimate by 2.8%, according to Bloomberg data. Earnings per share after the split reached 86 cents, up 10% from the previous three months, the company said.

"Looking forward, etch and deposition are fundamental to enabling the next generation of semiconductors," CEO Tim Archer said in the company's earnings release. "Our investments in key technology inflections position us well to outperform WFE growth in 2025 and beyond."