Lam Research reported results for the fourth quarter of fiscal 2026 that came in above market expectations, sending its shares up 6.58% in after-hours trading at the time of writing. The semiconductor equipment maker posted earnings per share of $1.82, ahead of the $1.69 consensus estimate, while revenue reached $6.72 billion versus an expected $6.66 billion. The company also issued guidance for the first quarter of fiscal 2027 that topped forecasts on both profit and sales. Lam Research said it expects EPS of $2.00 to $2.30, above the market estimate of $1.81, and revenue of $7.7 billion to $8.5 billion, compared with an expectation of $7.0 billion. The company said ongoing AI data center buildouts, demand for memory chips, and continued growth in semiconductor capital spending remain the main drivers of its business.
Lam Research (LRCX) reported its latest quarterly results on July 30, with both earnings and revenue coming in above market expectations.
For the fourth quarter of fiscal 2026, the semiconductor equipment maker posted earnings per share of $1.82, topping the consensus estimate of $1.69. Revenue came in at $6.72 billion, also above the market expectation of $6.66 billion.
The company also released guidance for the first quarter of fiscal 2027. Lam Research said it expects EPS of $2.00 to $2.30, ahead of the market estimate of $1.81. It forecast revenue of $7.7 billion to $8.5 billion, compared with an expected $7.0 billion.
Lam Research said AI data center construction, demand for memory chips, and continued growth in semiconductor capital spending remain the core drivers of its business growth.
At the time of writing, Lam Research shares were up 6.58% in after-hours U.S. trading following the earnings release and guidance update.
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