Lam Research Corporation (NASDAQ: $LRCX) reported strong financial results for its first quarter of fiscal year 2025, surpassing earnings and revenue expectations. The company achieved revenues of $4.17 billion, exceeding analyst estimates of $4.05 billion, and marked an 8% increase quarter-over-quarter. Earnings per share (EPS) came in at $0.86, above the expected $0.81, reflecting a 10% growth from the previous quarter. This performance signifies the fifth consecutive quarter of revenue growth for Lam Research. The company has provided guidance for the upcoming December quarter, projecting revenues of $4.3 billion. Following the announcement, shares of Lam Research rose approximately 5% in after-hours trading. Analysts from Bank of America have raised their price target on the stock to $92 from $88, citing a positive outlook based on the recent earnings performance and management's commentary.