AI Prospecting for Lam Research

Lam Research Corporation announced a 15% increase in its quarterly dividend, from $2.00 to $2.30 per share, effective as of the latest dividend declaration[4,. The company also introduced Lam Cryo™ 3.0, a production-proven cryogenic etch technology to accelerate the scaling of 3D NAND for the AI era[1]. Additionally, Lam Research honored nine global suppliers with its 2024 Excellence Awards, recognizing outstanding performance in various categories[2][4].

Lam Research Corporation reported financial results for the quarter ended September 29, 2024, with revenue of $4.17 billion, a U.S. GAAP gross margin of 48.0%, and U.S. GAAP diluted EPS of $0.86. The company also saw an increase in cash, cash equivalents, and restricted cash to $6.1 billion and a rise in deferred revenue to $2.047 billion[1].

Lam Research Corporation reported Q4 2024 financial results with revenue of $3.87 billion, a 20.71% year-over-year increase, and non-GAAP diluted EPS of $8.14, exceeding guidance. The company achieved a gross margin of 48.5% and returned $3.7 billion, or 88% of free cash flow, through share repurchases and dividends[2][4].