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Posted by
Two Blokes Jun 24 -
Filed in
Stock
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Lam Research exceeded expectations in Q3 FY25, driven by strong demand for its ALTUS Halo and Akara systems and operational excellence from its 'Close to the Customer' strategy. Financial results were robust: revenue up 24% YoY, record gross margins, expanding operating margins, and strong cash flow, supporting continued buybacks and dividends. Valuation remains attractive with a low PEG ratio, secular AI-driven tailwinds, and solid shareholder returns, despite some near-term risks from China exposure and DRAM market uncertainty.
