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Lam Research Beats Estimates on Record Revenue

21 Oct

Summary

Lam Research reported Q1 fiscal 2027 earnings of $2.20 per share.
Quarterly revenue reached $8.22 billion, exceeding analyst expectations.
CEO cited AI-driven demand for semiconductors as a key growth factor.

Lam Research Corp. has announced its first-quarter fiscal 2027 financial results, exceeding market expectations.

The company reported earnings per share of $2.20, surpassing the consensus estimate of $2.18. Revenue for the quarter was $8.22 billion, also beating analyst forecasts of $8.15 billion.

Tim Archer, CEO of Lam Research, highlighted the impact of artificial intelligence on the semiconductor industry. He stated that AI is driving increased demand for semiconductors and greater device complexity. The company's focus on operational execution enabled it to achieve record revenue, profit, and earnings per share during the September quarter.

Looking ahead, Lam Research has issued its guidance for the second quarter. The company anticipates adjusted earnings per share to range from $2.18 to $2.48, against an analyst estimate of $2.31. Revenue projections are set between $8.2 billion and $9.0 billion, compared to the $8.53 billion estimate.

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