Summary
Lam Research Corporation reported a strong third quarter for fiscal year 2026, with significant year-over-year growth in both revenue and net income. Revenue for the quarter ending March 29, 2026, reached $5.84 billion, an increase of 23.7% compared to the same period in the prior year. Net income also saw a substantial jump to $1.83 billion, up 37.2% year-over-year, translating to diluted earnings per share of $1.45. This performance was driven by robust demand across key semiconductor markets, particularly in foundry and memory segments, and a solid contribution from customer support services. The company also demonstrated effective cost management, with gross margins improving to 49.8%. Looking at the nine-month period, revenue grew to $16.51 billion, reflecting continued strong market conditions and the company's strategic positioning. While operating expenses increased, they were outpaced by revenue growth, leading to higher profitability. Lam Research continues to return capital to shareholders through significant share repurchases and dividend payments, underscoring its financial strength and commitment to shareholder value. The company maintains a healthy balance sheet with substantial cash reserves, providing flexibility for future investments and navigating potential market fluctuations.
Financial Highlights
50 data points| Revenue | $5.84B |
| Gross Profit | $2.91B |
| R&D Expenses | $583.20M |
| SG&A Expenses | $280.31M |
| Operating Expenses | $863.51M |
| Operating Income | $2.05B |
| Net Income | $1.83B |
| EPS (Basic) | $1.46 |
| EPS (Diluted) | $1.45 |
| Shares Outstanding (Basic) | 1.25B |
| Shares Outstanding (Diluted) | 1.26B |
Key Highlights
- 1Revenue for the three months ended March 29, 2026, increased by 23.7% year-over-year to $5.84 billion.
- 2Net income for the same period rose by 37.2% year-over-year to $1.83 billion.
- 3Diluted earnings per share (EPS) for the quarter was $1.45, a significant increase from $1.03 in the prior year.
- 4Gross margin improved to 49.8% in the current quarter, up from 48.2% in the prior year's nine-month period, indicating improved operational efficiency.
- 5The company returned $3.60 billion to shareholders through share repurchases and $945.3 million in dividends paid during the nine months ended March 29, 2026.
- 6Cash, cash equivalents, and restricted cash stood at $4.77 billion as of March 29, 2026, demonstrating a strong liquidity position.
- 7Deferred revenue remained substantial at $2.22 billion, providing a revenue backlog for future periods.