Lam Research Posts Record $6.72B Revenue, Guides Q1 2027 Revenue to $8.1B
LRCX has more than doubled off its 52-week low of $90.935.
Summary
Lam Research reported record June-quarter revenue of $6.72 billion and guided for $8.1 billion in the September quarter, both well above prior-quarter levels, as AI-driven demand reshapes the semiconductor equipment industry.
Key Events · Earnings and Guidance · LRCX
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Record Revenue of $6.72 Billion
June 2026 quarter revenue reached $6.72 billion, up 15.1% sequentially from $5.84 billion, driven by AI-related semiconductor demand.
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Earnings Beat with $1.82 Non-GAAP EPS
Non-GAAP diluted EPS of $1.82 rose 23.8% from $1.47 in the prior quarter, reflecting strong operating leverage with non-GAAP operating margin expanding to 38.4%.
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Bullish September-Quarter Guidance
Management guided for September 2026 quarter revenue of $8.10 billion +/- $400 million and non-GAAP diluted EPS of $2.15 +/- $0.15, implying continued sequential growth.
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AI-Driven Demand Reshaping Industry
CEO Tim Archer highlighted that AI-driven demand is reshaping the semiconductor industry, positioning Lam for a third consecutive year of outperformance in 2026.
Analysis · LRCX · Technology
Fueled by AI-driven semiconductor demand, Lam Research delivered record quarterly revenue of $6.72 billion—a 15% sequential jump. Non-GAAP EPS of $1.82 beat the prior quarter by 24%. The company guided for even stronger September-quarter revenue of $8.1 billion at the midpoint, signaling that management expects the AI capex cycle to continue accelerating. With a market cap above $300 billion, the sheer scale of the beat and the bullish guidance are likely to move the stock.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LRCX was trading at $267.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $315.6B. The 52-week trading range was $90.94 to $438.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.