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Lam Research Corp (LRCX) stock

LRCXNasdaqSpecial Industry Machinery, NECFiscal year ends June 27
Financials through Q4 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Oct 22, 2026Score 21/3065% above fair value
$239.11−15.28 (-6.01%)

Close on Oct 30, 2026Market cap $299.20BP/E 41.5Yield 0.43%

Earnings

Lam Research's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 27, 2027
Q2 FY2027 · estimated, during market hours
Revenue, Q1 FY2027
$8.22B
+54.5% on a year earlier
non-GAAP diluted EPS, Q1 FY2027
$2.20
$1.26 a year earlier
Latest guidance
Issued
Oct 21, 2026 · 10 items

Quarterly results

Revenue and earnings per share from each of Lam Research's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q2 FY2027ended Dec 28, 2026Jan 27, 2027Expected–––––
Q1 FY2027ended Sep 28, 2026Oct 21, 2026after the close$8.22B+54.5%$2.19$2.20Release
Q4 FY2026ended Jun 28, 2026Jul 29, 2026during market hours$6.72B+30.0%$1.81$1.82Release
Q3 FY2026ended Mar 29, 2026Apr 22, 2026during market hours$5.84B+23.7%$1.45$1.47Release
Q2 FY2026ended Dec 28, 2025Jan 28, 2026during market hours$5.34B+21.9%$1.26$1.27Release
Q1 FY2026ended Sep 28, 2025Oct 22, 2025during market hours$5.32B+27.6%$1.24$1.26Release
Q4 FY2025ended Jun 29, 2025Jul 30, 2025during market hours$5.17B+33.6%$1.35$1.33Release
Q3 FY2025ended Mar 30, 2025Apr 23, 2025during market hours$4.72B+24.5%$1.03$1.04Release
Q2 FY2025ended Dec 29, 2024Jan 29, 2025during market hours$4.38B+16.5%$0.92$0.91Release
Q1 FY2025ended Sep 29, 2024Oct 23, 2024during market hours$4.17B+19.8%$0.86$0.86Release
Q4 FY2024ended Jun 30, 2024Jul 31, 2024during market hours$3.87B+20.6%$7.78$8.14Release
Q3 FY2024ended Mar 31, 2024Apr 24, 2024during market hours$3.79B-2.1%$7.34$7.79Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Lam Research's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
RevenueGAAPQ2 FY2027$8.60B–NewOct 21, 2026
Revenuenon-GAAPQ2 FY2027$8.60B–NewOct 21, 2026
Gross marginnon-GAAPQ2 FY202752.5%–NewOct 21, 2026
Gross marginGAAPQ2 FY202752.5%–NewOct 21, 2026
Operating marginnon-GAAPQ2 FY202740.5%–NewOct 21, 2026
Operating marginGAAPQ2 FY202740.5%–NewOct 21, 2026
Net income per diluted shareGAAPQ2 FY2027$2.33–NewOct 21, 2026
Net income per diluted sharenon-GAAPQ2 FY2027$2.33–NewOct 21, 2026
Diluted share countGAAPQ2 FY20271.25–NewOct 21, 2026
Diluted share countnon-GAAPQ2 FY20271.25–NewOct 21, 2026

Guidance vs results

The last range Lam Research gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q1 FY2027EPS (GAAP)$2.15$2.19Above range
Q1 FY2027Net income per diluted share$2.15$2.20Above range
Q1 FY2027Revenue$8.10B$8.22BAbove range
Q4 FY2026EPS (GAAP)$1.65$1.81Above range
Q4 FY2026Net income per diluted share$1.65$1.82Above range
Q4 FY2026Revenue$6.60B$6.72BAbove range
Q2 FY2026EPS (GAAP)$1.15$1.26Above range
Q2 FY2026Net income per diluted share$1.15$1.27Above range
Q2 FY2026Revenue$5.20B$5.34BAbove range
Q1 FY2026EPS (GAAP)$1.10 – $1.30$1.24Within range
Q1 FY2026Net income per diluted share$1.10 – $1.30$1.26Within range
Q4 FY2025EPS (GAAP)$1.10 – $1.30$1.35Above range

Guidance history

Every forecast Lam Research put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 21, 2026Net income per diluted shareQ2 FY2027$2.33New
Oct 21, 2026Net income per diluted shareQ2 FY2027$2.33New
Oct 21, 2026Gross marginQ2 FY202752.5%New
Oct 21, 2026Gross marginQ2 FY202752.5%New
Oct 21, 2026Operating marginQ2 FY202740.5%New
Oct 21, 2026Operating marginQ2 FY202740.5%New
Oct 21, 2026Diluted share countQ2 FY20271.25New
Oct 21, 2026Diluted share countQ2 FY20271.25New
Oct 21, 2026RevenueQ2 FY2027$8.60BNew
Oct 21, 2026RevenueQ2 FY2027$8.60BNew
Jul 29, 2026Net income per diluted shareQ1 FY2027$2.15New
Jul 29, 2026Net income per diluted shareQ1 FY2027$2.15New
Jul 29, 2026Gross marginQ1 FY202752%New
Jul 29, 2026Gross marginQ1 FY202752%New
Jul 29, 2026Operating marginQ1 FY202739.5%New
Jul 29, 2026Operating marginQ1 FY202739.5%New
Jul 29, 2026Diluted share countQ1 FY20271.25New
Jul 29, 2026RevenueQ1 FY2027$8.10BNew
Jul 29, 2026RevenueQ1 FY2027$8.10BNew
Apr 22, 2026Net income per diluted shareQ4 FY2026$1.65New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Lam Research filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Results
  5. Results
  6. Results
  7. Results
  8. Results
  9. Results
  10. Results
  11. Update
  12. Results
  13. Results
  14. Results
  15. Results