04:54 PM EDT, 10/23/2024 (MT Newswires) -- Lam Research ( LRCX ) reported fiscal Q1 non-GAAP diluted earnings late Wednesday of $0.86 per share on a post-split basis, up from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.81.

Revenue for the quarter ended Sept. 29 was $4.17 billion, up from $3.48 billion a year ago.

Analysts surveyed by Capital IQ expected $4.06 billion.

For the December quarter, Lam expects non-GAAP earnings of $0.87 per share, plus minus $0.10, on revenue of $4.30 billion, plus minus $300 million.

Analysts surveyed by Capital IQ expect $0.85 on revenue of $4.25 billion.

Shares of the company rose about 5% in after-hours activity.

Price: 76.40, Change: +3.54, Percent Change: +4.86