Lam Research Reports Record Q1 2027 Revenue and Margins Driven by Semiconductor Demand
Lam Research (LRCX) delivered a standout first quarter for fiscal 2027, reporting record revenue of $8.2 billion, which represents a 54% increase compared to the same period in 2025. The company achieved historic milestones with non-GAAP gross margins reaching an all-time high of 52.4% and operating margins exceeding 40% for the first time, driven by favorable product mix and significant operating leverage. The semiconductor equipment provider provided a strong outlook for the coming years, forecasting WFE spending in the mid-$150 billion range for calendar year 2026 and potentially exceeding $200 billion in 2027. While management noted that near-term supply chain constraints and clean room availability may slightly limit revenue upside in the December quarter, the overall demand trajectory remains robust across memory systems and foundry segments.
Tickers: $LRCX
Topics: Financial Guidance Market Outlook Profitability Revenue Growth
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Part of the story Lam Research Reports Record Revenue Driven by AI and Advanced Lithography Demand (2 articles)