Lam Research Corp Lam Research (LRCX) reported strong results for the fourth quarter of fiscal 2026 after the closing bell on Wednesday. Here's a rundown of the report.
Lam Research reported fourth-quarter revenue of $6.72 billion, beating analyst estimates of $6.67 billion. The company posted adjusted earnings of $1.82 per share for the quarter, beating estimates of $1.68 per share.
Gross margin came in at 51.7% as a percent of revenue and operating margin was 37.4% in the quarter.
"Lam delivered record revenue, operating margin and earnings per share in the June quarter as AI-driven demand continues to reshape the semiconductor industry," said Tim Archer, president and CEO of Lam Research.
Lam Research ended the quarter with $5.6 billion in cash, cash equivalents and restricted cash.
The company guided for fiscal first-quarter revenue of $7.70 billion to $8.50 billion versus estimates of $7.09 billion. Lam Research said it expects first-quarter adjusted earnings of $2.00 to $2.30 per share versus estimates of $1.83 per share.
The earnings beat paired with strong guidance appears to be driving shares higher after hours.
LRCX Price Action: Lam Research shares were up 6.20% in after-hours, trading at $268 at the time of publication on Wednesday.
