Lam Research Corporation (LRCX) reported revenues of $14.91 billion for fiscal 2024, a 14.5% decrease from fiscal 2023. The breakdown of revenue sources indicates that 42% came from Memory, 40% from Foundry, and 18% from Logic/Other segments. Additionally, the sales of new leading-edge equipment in deposition, etch, and clean markets amounted to $8.9 billion, representing 60% of total revenues.
If an investor had placed $1,000 in Lam Research ten years ago, the investment would have grown to $10,886.98 by October 9, 2024, resulting in an impressive 988.70% gain, notably outperforming the S&P 500’s rise of 192.10% and gold’s increase of 106.32% over the same period.
Looking ahead, analysts anticipate further growth for LRCX, focusing on advancements in 3D DRAM and packaging technologies, with wafer fab equipment spending projected to reach the mid-$90 billion range in 2024. However, concerns over U.S.-China tensions could impact the industry’s dynamics.
