Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com -- Lam Research Corporation (NASDAQ:LRCX) reported fourth quarter earnings and revenue that exceeded analyst expectations, while also providing an optimistic outlook for the coming quarter that surpassed Wall Street forecasts. The semiconductor equipment maker’s shares rose 2.4% following the announcement.
The company posted adjusted earnings per share of $1.33 for the quarter ended June 29, 2025, beating the analyst estimate of $1.20. Revenue came in at $5.17 billion, above the consensus estimate of $4.99 billion and representing a 33.6% increase YoY from the $3.87 billion reported in the same quarter last year.
"Lam delivered another solid quarter, highlighted by strong gross margins and record EPS," said Tim Archer, Lam Research’s President and Chief Executive Officer. "With deposition and etch criticality intensifying in the AI era, we are executing on our long-term strategic initiatives and leveraging our differentiated product portfolio to position Lam for outperformance."
For the first quarter of fiscal 2026, Lam Research provided guidance for revenue between $4.9 billion and $5.5 billion, with the midpoint of $5.2 billion exceeding the analyst consensus of $4.66 billion. The company expects adjusted EPS between $1.10 and $1.30, with the midpoint of $1.20 surpassing the consensus estimate of $1.00.
The company’s quarterly performance showed significant sequential improvement, with revenue increasing 9.6% from the previous quarter. Adjusted gross margin improved to 50.3% from 49.0% in the March quarter, while adjusted operating income as a percentage of revenue rose to 34.4% from 32.8%.
China remained Lam’s largest market, accounting for 35% of revenue, followed by Korea at 22% and Taiwan at 19%. Systems revenue, which includes sales of new leading-edge equipment, reached $3.44 billion, while customer support-related revenue totaled $1.73 billion for the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.