Lam Research Surges 625% in Trading Volume Ranking 52nd in Market Activity

On April 24, 2025, Lam Research (LRCX) closed with a trading volume of $12.78 billion, ranking 52nd in the day's market activity. The stock surged by 6.25%, marking its third consecutive day of gains and a cumulative increase of 13.64% over the past three days.

Lam Research reported a strong financial performance for the fiscal third quarter ended March 30, 2025, with net income rising to $1.33 billion from $965.8 million in the same period last year. The company's record gross margins and strategic wins in advanced technologies contributed to this robust performance.

During the earnings call, Lam Research highlighted new product momentum, key customer wins, and innovations in equipment intelligence and virtual process development. The company's installed base business also played a significant role in value creation.

Lam Research's strong Q3 performance was driven by record gross margins and strategic wins in advanced technologies. The company's revenue for the March quarter reached a record high, with foundry revenues also setting new records. This strong performance was attributed to solid product momentum and investments in operations.

Lam Research's strategic focus on delivering growth and profitability outperformance goals has been evident in its recent performance. The company's agile manufacturing and supply chain capabilities provide flexibility in a dynamic global economic environment. Lam is closely monitoring the economic landscape alongside its customers and partners.

Lam Research's expected outperformance drivers include expanding the served available market, gaining share with faster-growing customer support business group revenue, and capitalizing on rising deposition and etch intensity inflections. The company's deposition and etch product momentum has been strong, with multiple key wins for spacer applications and increased adoption across leading 3D NAND customers.