Lam Research (NasdaqGS:LRCX) Q2 2026 Earnings call January 28, 2026 05:00 PM ET Speaker9Good day, and welcome to the Lam Research Corporation December 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, pl ...

Core Viewpoint - Lam Research has forecasted third-quarter revenue that exceeds Wall Street expectations due to an increase in orders for its chipmaking tools [1] Group 1: Company Performance - Lam Research's revenue forecast for the third quarter is above Wall Street expectations, indicating strong demand for its products [1] Group 2: Industry Trends - The increase in orders for chipmaking tools suggests a growing trend in the semiconductor industry, reflecting heightened enterprise investment in chip production [1]

Cautionary statement regarding forward- looking statements This presentation and the accompanying discussion contain "forward-looking statements" under U.S. securities laws. Forward-looking statements include any statements that are not statements of historical fact. Examples of forward-looking statements include, but are not limited to: (1) anticipated business, balance sheet, cash flow and financial measures and results and related drivers, including guidance, whether on a GAAP or non-GAAP basis; (2) econ ...

LRCX Stock Rises As Lam Research Tops Targets | Investor's Business DailyBREAKING: [Trump Says He'll Name Fed Chief Pick On Friday]---Semiconductor equipment supplier Lam Research (LRCX) late Wednesday beat Wall Street's targets for its fiscal second quarter and guided much higher than views for the current period. LRCX stock rose in extended trading. The Fremont, Calif.-based company earned an adjusted $1.27 a share on sales of $5.34 billion in the quarter ended Dec. 28. Analysts surveyed by FactSet had ex ...

Lam Research Corp. (NASDAQ:LRCX) shares climbed in Wednesday's extended trading after the company released its second-quarter earnings report, beating analyst estimates. Here's a look at the key figures from the quarter. LRCX stock is moving. Watch the price action here.The Details: Lam Research reported quarterly earnings of $1.27 per share, which beat the Street estimate of $1.17 by 8.45%, according to Benzinga Pro.Quarterly revenue of $5.35 billion beat the analyst consensus estimate of $5.24 billion and ...

FREMONT, Calif., January 28, 2026 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 28, 2025 (the "December 2025 quarter"). Highlights for the December 2025 quarter were as follows: Exhibit 99.1 FOR IMMEDIATE RELEASE Lam Research Corporation Reports Financial Results for the Quarter Ended December 28, 2025 Key Financial Data for the Quarters Ended December 28, 2025 and September 28, 2025 (in thousands, except per-share data, pe ...

FREMONT, Calif., Jan. 28, 2026 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 28, 2025 (the "December 2025 quarter"). Highlights for the December 2025 quarter were as follows: | December 2025 | September 2025 | Change Q/Q | | | | --- | --- | --- | --- | --- | | Revenue | $ | $ | — | | | | 5,344,791 | 5,324,173 | | | | Gross margin as percentage of revenue | 49.6 % | 50.4 % | - 80 | | | | | | bps | | | Operating ...

Core Insights - The article emphasizes the importance of earnings reminders and analysis for Lam Research, highlighting the need for timely market updates and stock recommendations [1] Group 1 - The company provides earnings reminders and top analysis on Lam Research, indicating a focus on delivering critical financial insights [1] - Market updates are a key feature, suggesting that the company is committed to keeping investors informed about market trends [1] - The service includes brand-new stock recommendations, which may present potential investment opportunities for subscribers [1]

Core Viewpoint - Lam Research Corporation (LRCX) has a history of significant stock price volatility, with drops exceeding 30% on multiple occasions, leading to substantial market capitalization losses [2] Group 1: Risks - Margin compression is anticipated due to an unfavorable mix-shift, with a projected sequential decrease in gross margin to 48.5% +/- 1% for the December 2025 quarter [11] - There is an escalating risk of revenue concentration from China, with management indicating that China is expected to account for less than 30% of total revenues in calendar year 2026, a considerable decline [11] - Excess inventory poses a risk of channel stuffing, with high Days Inventory Outstanding (DIO) compared to historical averages, indicating potential future revenue and earnings loss [11] Group 2: Financial Performance - Revenue growth for LRCX is reported at 25.7% LTM and an average of 4.0% over the last three years [12] - The company has a free cash flow margin of approximately 28.3% and an operating margin of 33.0% LTM [12] - Lam Research stock is currently traded at a P/E multiple of 51.9 [12]

Core Viewpoint - Lam Research Corporation (NASDAQ:LRCX) is experiencing significant growth, with its shares up 194% over the past year and 20% year-to-date, driven by increasing demand for semiconductor manufacturing equipment, particularly in memory and AI chips [2]. Group 1: Company Performance - Lam Research's share price target has been raised by Goldman Sachs from $160 to $180, maintaining a Buy rating, influenced by the anticipated demand in the semiconductor industry [2]. - Mizuho also increased Lam Research's share price target from $200 to $220, keeping an Outperform rating, citing optimism driven by AI, memory, and optical chip demand [2]. - Jim Cramer highlighted the need for Lam Research to expand production capacity, indicating strong demand for its products [2][3]. Group 2: Market Context - The semiconductor capital equipment sector, including Lam Research, is experiencing a shortage that cannot be met, contributing to the stock's performance increase of 33% since the beginning of the year [3]. - The overall narrative for the semiconductor industry in 2026 is shaped by higher demand for memory and AI chips, which is influencing investment decisions [2].