Lam Research Posts Record $6.72B Revenue, EPS of $1.82 on AI-Driven Demand
LRCX has more than doubled off its 52-week low of $90.935.
Summary
Lam Research delivered record revenue of $6.72 billion for the June 2026 quarter, up 15% sequentially, with non-GAAP diluted EPS of $1.82 beating the prior quarter's $1.47. Gross margin expanded 210 basis points to 52.0% and operating margin hit 38.4%, both records. CEO Tim Archer cited AI-driven demand reshaping the semiconductor industry and positioned the company for a third straight year of outperformance in 2026. The balance sheet strengthened with cash rising to $5.60 billion, and deferred revenue plus Japan backlog suggests continued momentum. The company also issued a strong revenue forecast, driven by the AI boom.
At the time of this announcement, LRCX was trading at $271.03 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.