Lam Research FQ4 Earnings Preview: Eyes on 2025 Outlook

Lam Research reports its fiscal Q4 (June quarter) earnings next week on July 31, following a dismal market reaction to peer ASML’s report last week. Management has guided to $3.8 billion in revenue in Q4, approximately flat QoQ but up 18.5% YoY against weak comps from the rapid downturn in the memory market in 2023. Lam is expected to close the year with revenue and EPS both declining in the mid-teens YoY, with Q4’s strong YoY growth offsetting first half softness.

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