Lam Research Reports $5.84 Billion Revenue for March 2026 Quarter

April 23, 2026
Lam Research reported revenue of $5.84 billion for the quarter ended March 29, 2026, with a GAAP diluted EPS of $1.45 and operating margin of 35 percent.

In a press release, Lam Research Corporation announced financial results for the quarter ended March 29, 2026. The company reported revenue of $5.84 billion, compared with $5.35 billion in the previous quarter.

Gross margin for the quarter was 49.8 percent and operating margin was 35.0 percent on a GAAP basis. Net income reached $1.83 billion, or $1.45 per diluted share. On a non-GAAP basis, diluted EPS was $1.47 with a gross margin of 49.9 percent.

Operating expenses totaled $864 million, up from $841 million in the prior quarter. The company achieved record revenue and earnings per share, supported by continued demand from the semiconductor sector.

Chief Executive Officer Tim Archer said that Lam’s performance was driven by increased demand related to artificial intelligence and the company’s ongoing investments in semiconductor manufacturing technology.

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