Quarterly ResultJul 29, 2026, 04:13 PM
Lam Research Q2 Revenue $6.72B, EPS $1.81; Guides Strong Q3
AI Summary
Lam Research Corporation announced strong financial results for the quarter ended June 28, 2026, reporting record revenue of $6.72 billion and diluted EPS of $1.81 (U.S. GAAP) and $1.82 (non-GAAP). The company saw significant quarter-over-quarter growth in revenue, EPS, and margins, driven by AI-driven demand in the semiconductor industry. Lam Research also provided an optimistic outlook for the September 2026 quarter, projecting revenue of $8.10 billion and diluted EPS of $2.15.
Key Highlights
- Revenue for the June 2026 quarter increased 15.1% quarter-over-quarter to $6.72 billion.
- U.S. GAAP diluted EPS rose 24.8% quarter-over-quarter to $1.81.
- Non-GAAP diluted EPS increased 23.8% quarter-over-quarter to $1.82.
- U.S. GAAP gross margin improved to 51.7% and operating margin to 37.4%.
- Cash, cash equivalents, and restricted cash grew to $5.60 billion from $4.77 billion.
- Deferred revenue increased to $2.43 billion from $2.22 billion.
- Taiwan accounted for 27% of revenue, China 26%, and Korea 20%.
- Forecasts Q3 2026 revenue of $8.10 billion (+/- $400 million) and diluted EPS of $2.15 (+/- $0.15).
Price Impact
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