Shares rallied 10.4% after Lam Research reported revenue and earnings driven by robust NAND growth and a sharply raised market outlook, signaling investor approval of its accelerating AI-driven demand and expanding addressable market.
- June quarter revenue, operating margin, and EPS all hit new records, led by a doubling of NAND revenue sequentially.
- Customer support segment grew strongly, boosted by upgrades and intelligent services demand.
- Raised wafer fab equipment (WFE) outlook for calendar 2026 to low $150 billion from $140 billion previously, with upside bias.
- September quarter revenue guidance of $8.1 billion implies more than 20% sequential growth.
- Strong AI-driven structural tailwinds across NAND, foundry logic, DRAM, and advanced packaging are expanding Lam’s served available market faster than previously anticipated.
Community Discussion