Revenue Growth
LRCX achieved a 22.1% year-over-year increase in revenue, driven by strong demand in semiconductor equipment.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
LRCX reported strong financial performance in Q2 FY2026 with significant growth in revenue, net income, and operating cash flow, driven by increased demand and operational efficiency.
Revenue
$5.34B
+22.14% YoY
EPS (Diluted)
$1.26
+36.96% YoY
Gross Margin
49.6%
+2.2 pts YoY
Operating Income
$1.81B
+35.71% YoY
Source: SEC XBRL
Lam Research (LRCX) reported Q2 FY2026 revenue of $5.34B, up 22.1% year over year. Operating margin was 33.9%, up 3.4 points from 30.5% a year earlier. LRCX's fiscal Q2 FY2026 corresponds to calendar Q4 2025.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.82 | 1.72 | Beat +6.0% |
| Mar 2026 | 1.46 | 1.39 | Beat +4.9% |
| Dec 2025This filing | 1.27 | 1.19 | Beat +6.4% |
| Sep 2025 | 1.26 | 1.25 | Beat +1.1% |
Adjusted (non-GAAP) EPS of $1.27 versus the $1.19 analyst consensus — a +6.4% beat for Dec 2025. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.26.
Compiled by AI from this SEC filing
LRCX achieved a 22.1% year-over-year increase in revenue, driven by strong demand in semiconductor equipment.
Source: 10-Q Income Statement
Gross margin improved by 2.2 percentage points to 49.6%, reflecting operational efficiencies and cost management.
Source: 10-Q Key Ratios
Operating cash flow increased by 41.1% year-over-year, indicating robust cash generation capabilities.
Source: 10-Q Cash Flow
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
Potential disruptions in the supply chain could impact production schedules and costs, affecting profitability.
Source: 10-Q Risk Factors
Fluctuations in semiconductor demand may lead to revenue unpredictability, impacting financial performance.
Source: 10-Q Risk Factors
Increased R&D expenses, while necessary for innovation, could pressure margins if not matched by revenue growth.
Source: 10-Q Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.34 $B | 4.38 $B | +22.14% |
Gross Profit $B | 2.65 $B | 2.07 $B | +27.89% |
Operating Income $B | 1.81 $B | 1.33 $B | +35.71% |
Net Income $B | 1.59 $B | 1.19 $B | +33.83% |
EPS (Basic) $ | 1.27 $ | 0.93 $ | +36.56% |
EPS (Diluted) $ | 1.26 $ | 0.92 $ | +36.96% |
R&D Expense $M | 573.31 $M | 494.95 $M | +15.83% |
SG&A Expense $M | 267.65 $M | 244.15 $M | +9.63% |
Answers draw on this SEC filing and the data on this page
LRCX reported strong financial performance in Q3 FY2026, with significant growth in revenue, net income, and EPS driven by operational efficiency and increased market demand.
Lam Research delivered strong fiscal 2026 growth fueled by foundry-led equipment demand, with revenue up 26% and net income up 35.6%, while returning $5.1 billion to shareholders.
Other companies in Semiconductor Materials & Equipment