Description

Lam Research Corporation’s $6.72 Billion Quarter — AI & NAND Fuel Record Results!

Lam Research Corporation reported strong financial results for the June 2026 quarter, marked by record revenue, operating margin, and earnings per share. The company’s revenue reached $6.72 billion, a 15% sequential increase and 30% rise year-over-year, driven chiefly by a doubling of NAND revenue and robust growth in its customer support business group (CSBG). NAND revenue growth reflected demand tied to upgrades to 200-plus layer flash devices, instrumental in enterprise SSDs. Meanwhile, DRAM revenue remained stable, supported by wafer additions and technology upgrades. Foundry revenue declined as a percentage of total systems revenue, partially due to reduced mature node spending in China, though investments in leading-edge nodes and advanced packaging grew. The company’s gross margin improved to 52%, exceeding guidance and marking the highest quarterly level in two decades. Operational efficiency, pricing actions, and a favorable product mix contributed to the margin expansion.