"Lam Research reported $5.344 billion in revenue last quarter, beating estimates by 2.01% and growing 22.14% year over year. Non-GAAP EPS was $1.27, exceeding the consensus by 8.7%."
"CEO Tim Archer guided Q3 revenue to $5.70 billion, indicating continued acceleration despite a stock pullback from $252.41 to $218.90, while still up 27.76% year to date."
"Gross margin has compressed slightly over the past two quarters, with guidance pointing to approximately 49.0% in Q3, influenced by tariff pressures and customer mix shifts."
"China represented 35% of Q2 revenue, down from 43% in Q1 FY26, and any commentary on export control risks or customer behavior shifts will significantly impact investor sentiment."
Lam Research is set to report its fiscal Q3 2026 results on April 22. The company has experienced four consecutive earnings beats, with a recent revenue of $5.344 billion, exceeding estimates by 2.01%. CEO Tim Archer anticipates Q3 revenue to reach $5.70 billion. However, the stock has seen a pullback from $252.41 to $218.90. Key factors to watch include gross margin trends, which have declined slightly, and the impact of China revenue concentration, which has decreased from 43% to 35%. Investor sentiment will hinge on these elements.
Read at 24/7 Wall St.
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