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Lam Research (GB:0JT5)
LSE:0JT5
Earnings Data
Report Date
Apr 29, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.34Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based execution and material financial outperformance in 2025 — record revenue, margins, profit and EPS, meaningful product wins (Aqara), SAM/share gains, and significant CSBG momentum. Management is optimistic about AI-driven demand, advanced packaging growth (>40% in 2026), and NAND inflection. Key risks and headwinds include clean-room capacity constraints that may limit near-term WFE, regional mix variability (China), some sequential margin/mix pressure, and the need to build inventory and continue supply-chain ramps. On balance, the positive operational and financial momentum substantially outweighs the noted challenges.Company Guidance
Record Annual Revenue and Strong YoY Growth
Fiscal 2025 revenue of $20.6B, up 27% year-over-year, marking a record year for the company.
Record Profitability and EPS Leverage
Full-year gross margin 49.9% (highest combined-company result since 2012); gross profit grew 31% to $10.3B; operating profit $7.0B up 41% YoY; diluted EPS $4.89 up 49% YoY.
Quarterly Record and Continued Revenue Momentum
December quarter revenue $5.34B (record), tenth consecutive quarter of revenue growth; December diluted EPS $1.27, above guidance.
Customer Support & Installed Base Milestones
CSBG (customer support) revenue reached a record $7.2B in 2025; installed base topped 100,000 chambers and CSBG revenue grew faster than installed-base unit growth.
Market Share and SAM Expansion Progress
Served available market (SAM) share of WFE expanded into the mid-thirties percent range (multiyear goal: high-thirties); ship share of WFE grew by well over one percentage point year-over-year.
Product & Technology Wins
Aqara conductor etch system doubled its installed base over the past year with production tool-of-record wins for EUV and high-aspect-ratio etch; multiple wins in advanced DRAM and foundry logic.
Advanced Packaging and HBM Momentum
Advanced packaging business expected to grow >40% in 2026; strong demand in HBM (HBM3e/4) and stacking activity, supporting Lam’s electroplating and etch leadership.
NAND Upgrade Strength
NAND-driven upgrade revenue was a material positive: record upgrade revenue in 2025 up more than 90% YoY; management notes NAND demand is growing faster than previously expected.
Capital Returns and Balance Sheet
Allocated ~$1.4B to buybacks in the December quarter (average buyback price ~$154); repurchased ~39M shares in 2025 at an average $104; paid $328M in dividends in the quarter; returned ~85% of free cash flow in 2025; cash & equivalents $6.2B.
Operational Capacity and Efficiency Investments
Nearly doubled manufacturing capacity over the last four years, launched automated warehouses in 2025, invested in R&D and global footprint expansion, and expanded Dextro cobot coverage to six tool types.
Guidance for March Quarter
Non-GAAP guidance: revenue $5.7B ± $300M; gross margin 49% ± 1pp; operating margin 34% ± 1pp; EPS $1.35 ± $0.10 (share count ~1.26B).
GB:0JT5 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0JT5 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $238.09 | ― | ― |
Jul 30, 2025 | $99.89 | $99.89 | 0.00% |
Apr 23, 2025 | $61.91 | $61.91 | 0.00% |
Jan 29, 2025 | $74.28 | $80.72 | +8.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lam Research (GB:0JT5) report earnings?
Lam Research (GB:0JT5) is schdueled to report earning on Apr 29, 2026, TBA (Confirmed).
What is Lam Research (GB:0JT5) earnings time?
Lam Research (GB:0JT5) earnings time is at Apr 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GB:0JT5 EPS forecast?
GB:0JT5 EPS forecast for the fiscal quarter 2026 (Q3) is 1.34.
