LAM RESEARCH CORP (LRCX) Form 8-K — Oct 21, 2026
Lam Research reported record September 2026 quarter results, with revenue of $8.22 billion, up 22% sequentially and roughly 54% year-over-year, and GAAP diluted EPS of $2.19 versus $1.24 a year ago. GAAP operating margin expanded to 40.0% and gross margin to 52.3%, while non-GAAP diluted EPS came in at $2.20. CEO Tim Archer attributed the records to AI-driven semiconductor demand and operational execution. The company guided the December 2026 quarter to revenue of $8.60 billion +/- $400 million and non-GAAP EPS of $2.33 +/- $0.15, implying further sequential growth.
Key figures
- Eps
- 2.19
- Revenue
- 8219418000
- Guidance
- December 2026 quarter: revenue $8.60B +/- $400M, gross margin 52.5% +/- 1%, operating margin 40.5% +/- 1%, diluted EPS $2.33 +/- $0.15 (GAAP and non-GAAP)
- Net Income
- 2753138000
- Revenue Yoy
- +54%
- Total Assets
- 26353056000
- Cash Position
- 7450890000
- Shares Outstanding
- 1249145000
- Revenue qoq
- +22%
- Deferred revenue
- $2.66B
- China revenue pct
- 35%
- Gaap gross margin
- 52.3%
- Operating cash flow
- $3.50B
- Non gaap diluted eps
- 2.2
- Gaap operating margin
- 40.0%
- Non gaaap gross margin
- 52.4%
- Non gaap operating margin
- 40.2%
- Treasury stock purchases q
- $1.02B
- Dividend declared per share
- 0.33
AI analysis
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