September quarter

Lam Research posted record September-quarter revenue of $8.22bn and guided to $8.60bn for the December quarter

Money & World

The Editorial Team · October 21, 2026

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Chipmakers bought more from Lam Research in the September quarter than in any quarter before it. The Fremont, California equipment maker reported revenue of $8.22bn in a filing with the SEC on Wednesday, up 22 percent on the June quarter and about 54 percent on the $5.32bn of a year earlier.

Net income was $2.75bn, or $2.19 a share, against $1.24 a share a year ago. Operating margin widened to 40.0 percent from 34.4 percent. Chief executive Tim Archer called the revenue, profit and earnings per share records and pointed to semiconductor demand driven by AI.

China took 35 percent of revenue. Korea took 20 percent and Taiwan 18.

For the quarter ending December 27, Lam guided to revenue of $8.60bn, plus or minus $400m, and earnings of $2.33 a share, plus or minus 15 cents.

The document: Lam Research Corporation, Form 8-K exhibit 99.1, results for the quarter ended September 27, 2026.

Lam Research posted record September-quarter revenue of $8.22bn and guided to $8.60bn for the December quarter

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