Lam Research Q1 Revenue

Lam Research said revenue climbed to $5.84 billion in the quarter ended March 29, as chipmakers spent more on tools for AI-focused production lines. (lamresearch.com) The Fremont, California, company reported that March-quarter revenue rose 24% from a year earlier and 9% from the December 2025 quarter. U.S. GAAP diluted earnings per share were $1.45, while non-GAAP diluted earnings per share were $1.47. (lamresearch.com) Gross margin reached 49.8% on a U.S. GAAP basis and 49.9% on a non-GAAP basis, up from 49.6% and 49.7% in the prior quarter. Net income was $1.825 billion, compared with $1.594 billion in the December 2025 quarter. (lamresearch.com) Lam makes the machines that etch, deposit and clean the microscopic layers inside a chip factory. Those steps become more valuable when chipmakers build denser memory and more advanced processors for data centers running artificial intelligence workloads. (lamresearch.com) Chief executive Tim Archer said “AI-driven demand reshapes the semiconductor industry” as customers push their roadmaps forward. On the company’s earnings call, Lam said it raised its 2026 wafer fab equipment outlook to more than $140 billion and guided for June-quarter revenue of about $6.6 billion. (lamresearch.com) (finance.yahoo.com) That forecast lines up with a broader industry spending rebound. SEMI said on April 1 that global 300mm fab equipment spending is on track to exceed $150 billion in 2026 and 2027, driven by AI and advanced-node demand. (semi.org) Lam has outsized exposure to memory and to process steps such as etch and deposition, where extra layers and tighter geometries mean more equipment intensity per wafer. The company told investors at its 2025 investor day that it expects to gain share at technology transitions with those product lines. (lamresearch.com) The March quarter numbers suggest chipmakers are already ordering for that buildout, not just talking about it. Lam’s next test comes in the June quarter, when it expects another step up in revenue and what management called record earnings per share. (lamresearch.com) (finance.yahoo.com)