Lam Research Q4 Revenue Hits $6.7B, Up 30% YoY — EPS Beats Estimates in Record Quarter
Lam Research reported fiscal Q4 2026 revenue of $6.7222 billion and EPS of $1.81, both beating market expectations. The company also guided next quarter's revenue to $8.1 billion.
- Lam Research posted record Q4 revenue of $6.72B and EPS of $1.81, beating estimates
- Next-quarter revenue is guided higher at $8.1B, but shares fell 6.40% to $252.35
Lam Research reported fiscal Q4 2026 (quarter ended June) revenue of $6.7222 billion, beating market expectations, according to an SEC Form 8-K filing.
📊 Price at Time of Writing (July 30, 2026, 07:01 KST)
$252.35 ▼ -6.40%
Q4 Results at a Glance
Revenue rose 15.1% from the prior quarter and roughly 30% year-over-year, driven by higher equipment orders from customers amid surging AI semiconductor demand. Earnings per share and operating margin both hit record highs as well.
- Revenue: $6.7222 billion, +15.1% QoQ, roughly +30% YoY
- Earnings per share (GAAP): $1.81, up 24.8% from $1.45 in the prior quarter
- Adjusted EPS (non-GAAP, excluding one-time items): $1.82
- Operating margin: 37.4% of revenue (GAAP), with net income of $2.28 billion
Next-Quarter Guidance
Lam Research said it expects revenue of around $8.1 billion (plus or minus $400 million) for the quarter ending in September (fiscal Q1 2027). The company guided adjusted operating margin (excluding interest, taxes, and depreciation) at 39.5% ±1%, and adjusted EPS at $2.15 ±$0.15. CEO Tim Archer said, "Amid AI demand reshaping the semiconductor industry, our June quarter results marked record highs in revenue, operating margin, and EPS," adding, "We expect to deliver above-market growth for a third consecutive year in 2026."
Market Reaction
International media characterized the results as an "earnings beat followed by raised guidance," with both revenue and profit topping estimates. Investing.com reported that EPS came in $0.14 above the consensus estimate. However, as of 7:01 a.m. KST on July 30, Lam Research shares were trading at $252.35, down 6.40% from the previous close.
Segment Breakdown
- Systems (equipment) revenue: $4.2498 billion, +13.9% QoQ
- Customer Support Business Group (services) revenue: $2.4724 billion, +17.1% QoQ
This article was automatically generated based on the original SEC Form 8-K filing and international media reports, with the goal of quickly delivering key data immediately after the announcement. Readers are advised to review the company's official filing before making any trading decisions. Prices reflect the time of writing and may differ from current levels.
LRCXFrequently Asked Questions
What kind of company is Lam Research?
Lam Research is a U.S. company that makes etching (material removal) and deposition (thin-film coating) equipment used in semiconductor manufacturing. It supplies equipment to major global chipmakers, including Samsung Electronics and SK Hynix.
What were the key takeaways from this quarter's results?
Revenue hit a record $6.7222 billion, up roughly 30% year-over-year. Earnings per share also rose to $1.81, up 24.8% from the prior quarter.
What is the outlook for next quarter?
The company expects revenue of around $8.1 billion for the quarter ending in September. That would mark further growth from this quarter's revenue, according to the company's own guidance.
Results were strong, so why did the stock price fall?
As of 7:01 a.m. KST on July 30, shares were down 6.40% from the previous close. The reason for the decline was not specified in the filing or media reports.
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