Lam Research (LRCX.US) Q1 revenue surges 54% year-over-year to a record high! Results and guidance only slightly beat expectations.

Zhitong Finance APP has learned that after the U.S. market closed on Wednesday, October 21, Lam Research (LRCX.US) announced its fiscal first-quarter 2027 results for the period ended September 27, 2026. The financial report shows that the company's revenue for the quarter was $8.219 billion, up 54% year over year and 22% quarter over quarter, setting a new all-time high for a single quarter and beating the analyst consensus estimate of $8.153 billion. Under GAAP, net income rose 76% year over year to $2.753 billion; diluted earnings per share were $2.19; gross margin increased 60 basis points quarter over quarter to 52.3%; operating margin increased 260 basis points quarter over quarter to 40.0%. Under Non-GAAP, diluted earnings per share were $2.20, beating the analyst consensus estimate of $2.18.