LAM RESEARCH CORP (LRCX) Form 10-Q — Oct 22, 2026
Lam Research reported September 2026 quarter revenue of $8.22 billion, up 54% from $5.32 billion a year earlier, driven by strong foundry and memory equipment demand tied to AI-driven semiconductor spending. Net income rose to $2.75 billion with diluted EPS of $2.19 versus $1.24 in the year-ago quarter. Gross margin expanded to 52.3% of revenue from 50.4% a year ago, helped by favorable product mix and higher business volumes. China remained the largest region at 35% of revenue, with memory and foundry each contributing 46% of equipment revenue.
Key figures
- Eps
- 2.19
- Revenue
- 8219418000
- Guidance
- No explicit guidance; management expects cash and anticipated cash flows to be sufficient to support operations, investments, debt service, and dividends through at least the next twelve months.
- Net Income
- 2753138000
- Revenue Yoy
- 54% increase vs. $5.32B in the year-ago quarter
- Total Assets
- 26353056000
- Cash Position
- 7437384000
- Shares Outstanding
- 1249171000
- Asr size
- $1.00 billion September 2026 ASRs
- Dividends paid
- 325402000
- Systems revenue
- 5732907000
- Buybacks quarter
- 1024965000
- Deferred revenue
- 2661231000
- Gross margin pct
- 52.3%
- China revenue pct
- 35%
- Dividend per share
- $0.33
- Employee headcount
- 24300
- Operating cash flow
- 3497652000
- Customer support revenue
- 2486511000
- Remaining buyback authorization
- $3.03 billion
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