Lam Research Reports Record Q4 Revenue and Raised Outlook Amid AI-Driven Demand
Lam Research Corporation (NASDAQ:LRCX) reported record quarterly performance for its June 2026 quarter, with revenue reaching $6.72 billion—up 15% sequentially and 30% year-over-year—and non-GAAP earnings per share of $1.82. The growth was driven by a doubling in NAND-related revenue due to increased demand from AI systems and strong performance in its Customer Support Business Group, which reached nearly $2.5 billion. The company raised its wafer fabrication equipment spending forecast for 2026 to the low-$150 billion range and guided for September-quarter revenue of $8.1 billion, citing sustained demand across memory, leading-edge logic, and advanced packaging segments. CFO Doug Bettinger attributed improved gross margin (up to 52%) to pricing actions, operational efficiencies, and favorable product mix. Lam also reported strong cash reserves ($5.6 billion), increased inventory in anticipation of growing customer orders, and continued investment in R&D and operations with a headcount increase of nearly 1,800 employees.
Tickers: $LRCX
Topics: ai_demand nand_growth revenue_guidance semiconductors