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Dec 28, 2025
Lam Research Q2 2026 Earnings Report
Lam Research reported strong quarterly results with solid profitability and earnings growth.
Key Takeaways
Lam Research delivered $5.34 billion in revenue with strong margins and over $1.5 billion in net income, reflecting continued demand for advanced semiconductor manufacturing equipment.
Revenue reached $5.34 billion, driven by strong systems and services demand
Gross margin remained robust at nearly 50%
Net income exceeded $1.59 billion for the quarter
Earnings benefited from continued momentum in advanced chip manufacturing
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Lam Research guided to higher revenue and stable margins for the March 2026 quarter.
Positive Outlook
- Revenue guidance of $5.7 billion
- Continued strong gross margin outlook
- Stable operating margin expectations
- Improving demand driven by AI and advanced devices
- Solid earnings per share outlook
Challenges Ahead
- Guidance includes a wide revenue range
- Margins subject to variability from costs
- Exposure to semiconductor cycle fluctuations
- Potential impact from geopolitical and trade factors
- Uncertainty around customer spending timing
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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