Lam Research (LRCX) Q2 FY26 Revenue Hits $5.344B, Beats Estimates
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowLam Research (LRCX) reported Q2 FY26 revenue of $5.344 billion, exceeding estimates by 2.01%. Non-GAAP EPS was $1.27, surpassing consensus by 8.7%. For Q3, the company guided revenue to $5.70 billion, while gross margin is expected to compress to approximately 49.0%. The stock has declined 13% from its filing-date high of $252.41 to around $218.90, despite being up 27.76% year to date, indicating market volatility ahead of the earnings report on April 22.
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About Lam Research Corporation (LRCX)
Lam Research makes wafer-fabrication equipment for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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