LRCX Q4 2025

Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Lam Research closed out fiscal 2025 on a high note, posting a record quarter that cleared Wall Street's bar on both the top and bottom lines. The semiconductor equipment maker reported Q4 fiscal 2025 revenue of $5.17 billion, up 33.6% year over year … Read more Lam Research closed out fiscal 2025 on a high note, posting a record quarter that cleared Wall Street's bar on both the top and bottom lines. The semiconductor equipment maker reported Q4 fiscal 2025 revenue of $5.17 billion, up 33.6% year over year and ahead of the $5.01 billion consensus, while non-GAAP diluted EPS of $1.33 topped the $1.21 estimate by 9.92%, with investors tracking the results closely after the bell. The primary engine behind the outperformance was a sharp surge in systems revenue, which climbed to $3.44 billion from $2.17 billion a year ago, reflecting intensifying demand for deposition and etch equipment tied to AI-driven semiconductor investment. Non-GAAP gross margin expanded to 50.3%, up 130 basis points sequentially, underscoring meaningful operating leverage as volumes scaled. Looking ahead, Lam guided Q1 fiscal 2026 revenue to approximately $5.20 billion with non-GAAP EPS of roughly $1.20, signaling steady momentum even as peers flag near-term demand digestion risks in key markets.