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.
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.