Lam Research (LRCX): AI Demand Supports Record Quarterly Results
Why it is trending
Lam Research reported record quarterly revenue and earnings as AI investment and more complex chip manufacturing supported equipment demand. Management forecasts further revenue growth in the next quarter; that outlook remains a forecast rather than a reported result.
Sector
Information Technology. Lam supplies wafer-fabrication equipment and services used by semiconductor manufacturers.
Company information
Metric | Company profile |
Sector | Information Technology |
Industry | Semiconductor equipment and materials |
Market capitalization | $326.38 billion |
YTD price return | +52.36% |
Dividend yield | 0.51% indicated regular yield |
Forward P/E (FY1) | Unavailable |
Price-dependent data: October 21, 2026 regular-session close of $260.81. YTD price return excludes dividends. Forward fiscal-year consensus earnings could not be verified.
Recent earnings
Metric | Fiscal Q1 2027 results / next-quarter outlook |
Revenue | $8.219 billion |
Revenue YoY change | +54.4% |
GAAP diluted EPS | $2.19, +76.6% YoY |
Adjusted diluted EPS (non-GAAP) | $2.20 |
GAAP gross / operating margin | 52.3% / 40.0% |
Next-quarter revenue forecast | $8.60 billion ± $0.40 billion |
Next-quarter diluted EPS forecast | GAAP and non-GAAP: $2.33 ± $0.15 |
Earnings trend | Mixed: GAAP diluted EPS YoY growth was +40.8%, +34.1%, +76.6% in March, June and September 2026, respectively. |
Sales trend | Improving: reported revenue YoY growth was +23.8%, +30.0%, +54.4% in March, June and September 2026, respectively. |
Latest quarter ended September 27, 2026. Outlook is for the quarter ending December 27, 2026. Growth trends describe historical results, not a forecast.
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Wednesday October 21, 2026