Lam Research FY2026: $23.23 billion revenue, $7.27 billion net income
Lam Research closed FY2026 with a record June quarter: full-year revenue of $23.23 billion, net income of $7.27 billion and diluted EPS of $5.76, while guiding the September quarter to $8.10 billion. The view is Bullish, based on the growth and margin expansion rather than on any single quarter. Read the full-year figures as the base and the quarterly segment split as a momentum check, while treating a few of the filing's own data labels with care.
1 · Expected vs. Actual
Free preview belowDiluted GAAP EPS was $5.76 for the year and $1.81 for the June quarter, while the filing's non-GAAP figure for that quarter was $1.82. The only consensus number supplied is $1.7172, so the quarter landed about 5.4% above that estimate on a GAAP basis. The gap between the GAAP and non-GAAP lines comes from small items like intangible amortization and deferred-compensation swings, not from anything that changes the direction of the business.
Full-year revenue was $23.23 billion, up 26.0% from $18.44 billion a year earlier, and the June quarter alone was $6.72 billion, up 15.1% from the March quarter. The structured data labels the prior-year base at $5.17 billion, which is actually the June 2025 quarter rather than the full prior year. Use the twelve-month statement figures for the annual comparison.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.