
Shares of semiconductor equipment maker Lam Research (NASDAQ: LRCX) are off to a hot start in 2025. Around half of the stock's 15% gain on the year came the day after its full-year 2024 earnings release. Below, I’ll provide a detailed breakdown of the important financial metrics in the tech company’s report. I’ll also analyze the prospects of a key growth driver: NAND memory. I’ll conclude by giving my overall take on Lam Research shares.