Lam Research Corporation Reports Financial Results for the Quarter Ended June 28, 2026
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FREMONT, Calif., July 29, 2026 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 28, 2026 (the "June 2026 quarter"). Highlights for the June 2026 quarter were as follows: Key Financial Data for the Quarters Ended June 28, 2026 and March 29, 2026 (in thousands, except per-share data, percentages, and basis points) U.S. GAAP June 2026 March 2026 Change Q/Q Revenue $ 6,722,238 $ 5,841,488 +15.1 % Gross margin 51.7 % 49.8 % + 190 bps Operating margin 37.4 % 35.0 % + 240 bps Diluted EPS $ 1.81 $ 1.45 +24.8 % Non-GAAP June 2026 March 2026 Change Q/Q Revenue $ 6,722,238 $ 5,841,488 +15.1 % Gross margin 52.0 % 49.9 % + 210 bps Operating margin 38.4 % 35.0 % + 340 bps Diluted EPS $ 1.82 $ 1.47 +23.8 % U.S. GAAP Financial Results For the June 2026 quarter, revenue was $6.72 billion, gross margin was $3.48 billion, or 51.7% of revenue, operating expenses were $965.3 million, operating margin was 37.4% of revenue, and net income was $2.28 billion, or $1.81 per diluted share on a U.S. GAAP basis. This compares to revenue of $5.84 billion, gross margin of $2.91 billion, or 49.8% of revenue, operating expenses of $863.5 million, operating margin of 35.0% of revenue, and net income of $1.83 billion, or $1.45 per diluted share, for the quarter ended March 29, 2026 (the "March 2026 quarter"). Non-GAAP...
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