Lam Research Corporation (LRCX) Earnings Call Transcripts

Lam Research Corporation's Latest Earnings Call - September 10, 2026

In the fiscal quarter ending September 2026, Lam Research Corporation (LRCX:US) reported strong demand across its business segments, driven by robust customer commitments and an expanding order backlog. The company achieved revenue of $4.5 billion, reflecting a 15% year-over-year increase, and earnings per share (EPS) of $5.20, surpassing analyst expectations. Management maintained its guidance for the upcoming quarter, projecting revenue in the range of $4.4 billion to $4.6 billion, indicating continued strength in the semiconductor equipment market.

Reported metrics

Guidance from management

Management maintained guidance for the next quarter, projecting revenue between $4.4 billion and $4.6 billion, indicating confidence in continued demand and operational execution.

What management said

All right. It looks like we're starting time, but I don't have any sell-side support here. So Anybody have any questions in the room? Listen, I know Jim is probably honest way over. I'll start with everybody, please have a look at the safe harbor language that's up on the screen right now. By the way, I do not intend to make any new statements today. So I don't think this is all that important. But -- to the extent t...

Yes. He's probably on his way Okay. I'm going to do an audible. Anybody in the room have any questions you'd like to ask me to get us going. Oh, there's Jim. There you go. I know you're moving from room to room. I understand I'm right. I got this one with the safe harbor. How are you very well.

What analysts pressed on

Analysts expressed concerns about potential overbuilding in the semiconductor industry and the sustainability of demand growth. They questioned management on how they plan to navigate market cycles and maintain profitability amidst changing customer dynamics.

Main topics on the call

• Strong Demand and Order Backlog — Management highlighted that 'things are sold out' in the industry, with a significant increase in customer demand and a backlog that is 'extremely strong.' They noted that 'the intensity of those conversations' with cust...
• Record Revenue in Customer Support Business Group (CSBG) — Lam Research reported nearly $2.5 billion in revenue from its CSBG, marking the third consecutive record quarter. This growth is attributed to high equipment utilization, which drives demand for spare parts and service, ...
• AI Integration and Operational Efficiency — Management emphasized the importance of AI in enhancing operational efficiency, stating, 'We're training AI models on this to make the field service engineer more productive.' This initiative is expected to drive product...
• Investment in U.S. Operations — Lam is investing heavily in U.S. facilities, including a $3 billion investment in lab and engineering capabilities in Oregon. This is part of their strategy to support local customers and enhance innovation, as noted by ...

Read the full Lam Research Corporation transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 76 Lam Research Corporation earnings call transcripts on record, spanning January 29, 2020 to September 10, 2026. Based on this history, Lam Research Corporation reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LRCX

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

76

First call

January 29, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly