Lam Research Corp. (LRCX) reported earnings of $1.26 per share for the quarter ending September 28, 2025, surpassing the Zacks Consensus Estimate of $1.21 by $0.05. This marks the company’s 14th consecutive earnings beat. Revenue increased 27.6% year-over-year, reaching $5.32 billion compared to $4.17 billion in the same quarter last year.
Revenue distribution was led by China at 43%, followed by Taiwan at 19%, and Korea at 15%. The gross margin also improved, rising to 50.6% from 48% a year earlier. Analysts have updated their projections for the company, with the fiscal 2026 earnings consensus now at $4.68 (up from $4.53) and fiscal 2027 at $5.44 (up from $5.08), representing growth rates of 13% and 16.1%, respectively.
Year-to-date, Lam Research shares have increased by 109.4%. Despite a forward price-to-earnings (P/E) ratio of 32.4, the company is expected to see revenue growth of 11.9% in Fiscal 2026 and 11.7% in Fiscal 2027, while also offering a dividend yield of 0.7%.
