What to Expect From Lam Research Upcoming Q1 Results?
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/LRCX'>Lam Research Corporation (NASDAQ:LRCX)</a> ahead of the upcoming earnings announcement, expecting Q1 results and Q2 guidance to be generally in line with the Street estimates.</p>
<p>According to the analysts, supply constraints have continued to ease and deferred revenues ($2.2 billion in Q4) should make the H2/22 relatively safe. However, sharp cuts in CAPEX and utilization by memory peers, as well as incremental technology restrictions on China, add significant risks to the business into 2023. </p>
<p>The analysts expect 2023 revenues to decline 15% year-over-year (vs. 8% decline prior) and 2023 revenues to be up 1% year-over-year (vs. up 5% prior), leading to 2023/2024 EPS of $28.00/$30.00 (vs. $32.00/$35.00 prior). As a result, the analysts lowered their price target to $400 from $480, while maintaining their hold rating.</p>

NASDAQ:LRCX