Lam Research (LRCX)
NASDAQ:LRCX
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.66Last Year’s EPS
1.33Same Quarter Last Year
Strong Buy
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial tone: record revenue, record EPS, expanded WFE outlook, significant CSBG milestone, improving margins, and robust guidance. These positives were tempered by manageable risks including regional mix shifts (China), lower customer down payments, cash decline due to aggressive capital returns, supply/clean-room constraints, and higher operating spending. Overall, the company emphasized durable technology-led positioning and capacity expansions to capture accelerated AI-driven demand.Company Guidance
Record Revenue Quarter
March quarter revenue of $5.84B, up 9% sequentially and up 24% year-over-year; third consecutive record revenue quarter.
Customer Support Business Group Milestone
CSBG delivered its first $2B+ quarter ($2.1B), up 6% sequentially and up 25% year-over-year; services posted mid-teens growth sequentially.
Strong Profitability and EPS Outperformance
Gross margin of 49.9% (at the high end of guidance), operating margin of 35% (high end), and record diluted EPS of $1.47 which exceeded the top end of guidance.
Raised Industry WFE Outlook
Company raised full-year WFE outlook from ~$135B to $140B with a bias to the upside, citing stronger customer spending across device segments.
Expanding Served Available Market (SAM) and Technology Leadership
Lam expects SAM (percent of WFE) to expand to slightly more than the mid-30s percent in 2026 and is on track toward high-30s percent; reiterated leadership across etch and deposition for 3D NAND, DRAM and logic.
NAND and DRAM Tailwinds
Anticipates NAND conversion spending (~$40B) to be pulled forward with the majority occurring before end of 2027; DRAM dielectric deposition SAM and DRAM exposure expected to grow >20% as industry shifts to 1C generation devices.
Foundry/Logic and Advanced Packaging Momentum
Secured dielectric etch wins at a key foundry/logic customer; advanced packaging revenue expected to exceed 50% growth in calendar 2026.
Robotics and Equipment Intelligence Gains
Expanded Dextro cobot coverage to 8 tool types (from 6), introduced next-generation Dextro (10x more compute), and secured Equipment Intelligence agreements with major customers to speed ramps and improve uptime.
Capital Returns and Balance Sheet Actions
Allocated ~$800M to buybacks (including $200M ASR) at an average price of ~$211, retired $750M of notes, paid $326M in dividends, returned 139% of free cash flow in the quarter, and have $4.3B remaining in repurchase authorization.
Positive June Quarter Guidance
June quarter non-GAAP guidance: revenue $6.6B ± $400M; gross margin ~50.5% ± 1pp; operating margin ~36.5% ± 1pp; record EPS $1.65 ± $0.15 on ~1.255B shares.
LRCX 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
LRCX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $265.55 | $258.56 | -2.63% |
Jan 28, 2026 | $239.29 | $247.87 | +3.59% |
Jul 30, 2025 | $98.61 | $94.38 | -4.29% |
Apr 23, 2025 | $66.24 | $70.38 | +6.25% |
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 (LRCX) report earnings?
Lam Research (LRCX) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Lam Research (LRCX) earnings time?
Lam Research (LRCX) earnings time is at Aug 05, 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 LRCX EPS forecast?
LRCX EPS forecast for the fiscal quarter 2026 (Q4) is 1.66.
