Lam Research rises 6.58% after hours as earnings and outlook beat estimates

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.