โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $2.20 (Est. $2.18) โ , +21% QoQ.
โข Revenue: $8.22B (Est. $8.14B) โ , +54% YoY, +22% QoQ.
โข GAAP EPS: $2.19, +21% QoQ.
โข Adj. Gross Margin: 52.4%, +40 bps QoQ.
โข Adj. Operating Margin: 40.2%, +180 bps QoQ.
โข Adj. Operating Income: $3.30B.
โข Adj. Net Income: $2.77B.
โข Operating Cash Flow: $3.50B.
โข Systems Revenue: $5.73B, +62% YoY.
โข Customer Support Revenue: $2.49B, +40% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q4 2026 Revenue: $8.20Bโ$9.00B, midpoint $8.60B (Est. $8.54B) โ .
โข Q4 2026 Adj. EPS: $2.18โ$2.48, midpoint $2.33 (Est. $2.32) โ .
โข Q4 2026 Adj. Gross Margin: 52.5% ยฑ 1%.
โข Q4 2026 Adj. Operating Margin: 40.5% ยฑ 1%.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~0.9%, while revenue exceeded estimates by ~1.0%.
โข Lam delivered record quarterly revenue, profit and EPS, driven by AI-related semiconductor demand and increasing device complexity.
โข Revenue surged 54% YoY, with Systems revenue jumping 62% to $5.73B.
โข Adjusted operating margin expanded 180 bps QoQ to 40.2%, reflecting stronger operating leverage.
โข China accounted for 35% of revenue, followed by Korea (20%) and Taiwan (18%).
โข Q4 revenue guidance midpoint was ~0.7% above consensus, while EPS guidance was broadly in line.
โข Operating cash flow reached $3.50B, while Lam repurchased ~$1.02B in shares and ended the quarter with $7.45B in cash and restricted cash.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWith AI driving higher semiconductor demand and greater device complexity, our focus on operational execution helped Lam deliver record revenue, profit, and earnings per share in the September quarter.โ