Revenue Growth
LRCX achieved a 23.8% increase in revenue year-over-year, driven by strong demand in its core markets.
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 Q3 FY2026, with significant growth in revenue, net income, and EPS driven by operational efficiency and increased market demand.
Revenue
$5.84B
+23.76% YoY
EPS (Diluted)
$1.45
+40.78% YoY
Gross Margin
49.8%
+0.8 pts YoY
Operating Income
$2.05B
+31.07% YoY
Source: SEC XBRL
Lam Research (LRCX) reported Q3 FY2026 revenue of $5.84B, up 23.8% year over year. Operating margin was 35.0%, up 1.9 points from 33.1% a year earlier. LRCX's fiscal Q3 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.82 | 1.72 | Beat +6.0% |
| Mar 2026This filing | 1.46 | 1.39 | Beat +4.9% |
| Dec 2025 | 1.27 | 1.19 | Beat +6.4% |
| Sep 2025 | 1.26 | 1.25 | Beat +1.1% |
Adjusted (non-GAAP) EPS of $1.46 versus the $1.39 analyst consensus — a +4.9% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.45.
Compiled by AI from this SEC filing
LRCX achieved a 23.8% increase in revenue year-over-year, driven by strong demand in its core markets.
Source: 10-Q Income Statement
Operating margin improved by 2.0% to 35.0%, reflecting enhanced operational efficiency and cost management.
Source: 10-Q Income Statement
R&D expenses rose by 10.9% as the company continues to invest in innovation and product development.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
Potential disruptions in the supply chain could impact production schedules and increase costs.
Source: Industry Analysis
Fluctuations in market demand could affect revenue stability and profitability.
Source: Industry Analysis
Changes in industry regulations may require adjustments in operations and could increase compliance costs.
Source: Industry Analysis
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.84 $B | 4.72 $B | +23.76% |
Gross Profit $B | 2.91 $B | 2.31 $B | +25.80% |
Operating Income $B | 2.05 $B | 1.56 $B | +31.07% |
Net Income $B | 1.83 $B | 1.33 $B | +37.18% |
EPS (Basic) $ | 1.46 $ | 1.04 $ | +40.38% |
EPS (Diluted) $ | 1.45 $ | 1.03 $ | +40.78% |
R&D Expense $M | 583.20 $M | 525.90 $M | +10.89% |
SG&A Expense $M | 280.31 $M | 226.02 $M | +24.02% |
Answers draw on this SEC filing and the data on this page
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.
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.
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