Wednesday, April 19, 2017

Lam Research reports increased Q1/2017 earnings and growth in 3DNAND shipments

Lam Research is a OEM with a product portfolio made for Memory and especially 3DNAND Flash memory high volume manufacturing. They supply 300 mm wafer processing equipment for much of the 3DNAND processing modules like, the dielectric multilayer stack deposition by PECVD, stair case etch, the deep high aspect ratio dielectric stack memory cell etch, the ONO stack deposition, blocking oxide, Tungsten gates and also conformal layers for multiple patterning. That is why there is no surprise that Lam is shipping tools when the NAND Flash fabs in Korea and China are transitioning to a 3D geometry and scaling upwards by adding more and more layers to the stack. Latest reports are that SK Hynix is now producing a 72 layer stack NAND architecture.

 
Lam Research Corporation Reports Financial Results for the Quarter Ended March 26, 2017

FREMONT, Calif., April 18, 2017 (GLOBE NEWSWIRE) -- Lam Research Corp. (Nasdaq:LRCX) today announced financial results for the quarter ended March 26, 2017 (the "March 2017 quarter").
Highlights for the March 2017 quarter were as follows:
  • Shipments of $2.41 billion and revenue of $2.15 billion.
  • U.S. GAAP gross margin of 45.1%, U.S. GAAP operating margin of 25.0%, and U.S. GAAP diluted EPS of $3.10.
  • Non-GAAP gross margin of 46.1%, non-GAAP operating margin of 26.9%, and non-GAAP diluted EPS of $2.80.

"Demand continues to be strong for NAND in the SSD and embedded markets driving increased spending activity for NAND in 2017. We expect total 3D NAND shipped capacity at year-end to represent slightly more than the 50% of the installed base"
- Martin Anstice - President and CEO, Lam Research

 Lam Research Earnings call (lamresearch.com)

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Lam Research (NASDAQ:LRCX) is up 6.5% today and setting new record highs after Q1 earnings that solidly beat even the high Street estimates last night.


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