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Lam Research’s YoY Revenues Decrease by 18.57% in 2Q15

A Performance Overview of the Semiconductor Equipment Sector

(Continued from Prior Part)

Lam Research reports 2Q15 results

On July 29, 2015, Lam Research Corporation (LRCX) announced its 2Q15 results for the quarter that ended June 30, 2015, reporting revenues of $1.48 billion, compared to the ~$1.25 billion it reported in 2Q14. The company’s gross profit for 2Q15 was $642 million, compared to $557 million in 2Q14.

While Lam Research’s revenues increased by 18.57% YoY (year over year) in 2Q15, its gross profit increased by 15.26% in the same period. The company reported its 2Q15 operating income and net income at $191 million and $131 million, respectively, compared to $216 million and $233 million, respectively, in the same quarter last year.

Its EPS (earnings per share) decreased to $0.74 in 2Q15 from $1.26 in 2Q14.

2Q15 results of...