Lam Research Corporation Q4 2026 Earnings Recap

LRCX Q4 2026 July 31, 2026

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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.

Earnings Per Share Beat

$1.82 vs $1.69 est.

+7.7% surprise

Revenue Beat

6722238000 vs 6664835000 est.

+0.9% surprise

Market Reaction

1-Day +0.0%

5-Day +4.91%

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Key Takeaways

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit LRCX on AllInvestView.

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