From Startup Fortune · · 1m 20s
Lam Research Beats Earnings and Raises Guidance Amid AI Bubble Fears
Lam Research reported stronger-than-expected earnings and raised revenue guidance as AI chip demand signals resilience against bubble fears.
In brief
Lam Research reported stronger-than-expected earnings and raised revenue guidance as AI chip demand signals resilience against bubble fears. Lam Research beat earnings per share to $2.20 and raised next quarter's revenue guidance to $8.2 billion to $9 billion despite AI chip market concerns. Originally reported by…
Chip Stocks Under Pressure
Chip stocks face concerns about an AI bubble as market sentiment shifts.
Lam Research Q1 Results
Lam Research reported non-GAAP earnings per share of $2.20, beating Wall Street's $2.18 estimate.
Revenue Guidance Raised
Lam raised next quarter's revenue guidance to $8.2 billion to $9 billion, exceeding the previous quarter.
AI Supply Chain Customers
Lam's customers include TSMC, Samsung, Micron, and SK Hynix, key players in the AI supply chain.
Long-Term Demand Signals
Lam's customers commit capital years ahead, signaling sustained demand beyond short-term market fluctuations.
Fiscal 2026 Performance
Full fiscal 2:2026 revenue reached $23.23 billion, up 26% from the prior year, with earnings up 35.6%.
Margin Expansion
Lam's gross margin climbed to 50.5% from 48.7%, and net income rose to $7.27 billion from $5.36 billion.
Market Reaction
Semiconductor stocks fell amid concerns about AI capital spending sustainability.
In short
Lam Research beat earnings per share to $2.20 and raised next quarter's revenue guidance to $8.2 billion to $9 billion despite AI chip market concerns.
