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Lam Research Corporation (LRCX), headquartered in Fremont, California, is a global leader in the design and manufacturing of semiconductor processing equipment. With a market cap of $104.25 billion, Lam Research provides innovative solutions to the world's top chipmakers, enabling advancements in electronics, computing, and communication technologies. The company is set to announce its Q1 earnings on Wednesday, Oct. 16.
Ahead of the event, analysts expect LRCX to report a profit of $8 per share, up 16.8% from $6.85 in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in its last four quarterly reports.