Lam Research posts record June-quarter revenue of $6.72B and guides September quarter to $8.10B
Lam Research reported results for the quarter ended June 28, 2026, with revenue of $6.72 billion, up 15.1% from $5.84 billion in the March quarter. Non-GAAP EPS was $1.82 and GAAP EPS was $1.81. For the September quarter the company guided revenue of $8.10 billion plus or minus $400 million and non-GAAP EPS of $2.15 plus or minus $0.15, with operating margin of 39.5% plus or minus one point.
- Revenue $6.72B, up 15.1% from $5.84B in the March 2026 quarter
- Non-GAAP EPS $1.82; GAAP diluted EPS $1.81
- Non-GAAP gross margin 52.0%; non-GAAP operating margin 38.4%
- September-quarter guidance: revenue $8.10B +/- $0.40B, EPS $2.15 +/- $0.15
- September-quarter guidance: gross margin 52% +/- 1 point, operating margin 39.5% +/- 1 point, about 1.255B diluted shares
LRCX around the story · hourly24 h reaction ▲ 17.38%
Moves this explains
ADI+4.91%Jul 29 · Rose about 5.1% as chip stocks rebounded from a five-day sell-off in which the semiconductor index had lost more than 13%, helped by record results and guidance from SK hynix and Lam Research.ALAB+27.75%Jul 29 · Rose about 27.6% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.CRDO+20.15%Jul 29 · Rose about 20.3% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.NBIS+31.88%Jul 29 · Rose about 31.9% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.TSM+10.10%Jul 29 · TSM rose 10.10% in an AI-infrastructure rally: MU +22.79%, INTC +17.15%, AMD +16.68%, AMZN +12.18%, ORCL +9.28% and MSFT +5.59%, with SPX +1.45%. The day followed Amazon's raised 2026 capex plan and Microsoft's Azure growth of 43%, both of which point to heavier AI data-center spending.Source
SEC EDGAR Form 8-K, Exhibit 99.1Jul 29, 2026