Lam Research (LRCX) revenue in the first quarter of fiscal year 2027 was 8.22 billion USD (+54.4% y/y), and earnings per share (adjusted) reached 2.20 USD (+74.6% y/y).

Quarterly results#

Earnings per share (GAAP) was 2.19 USD (+76.6% y/y), while earnings per share (GAAP, basic) was at 2.20 USD (+77.4% y/y).

Management commentary#

According to management, China’s share of revenue in the December quarter will be significantly lower, mainly due to Chinese domestic customers. Management also noted that there is no one-time revenue in the December quarter, and equipment that does not ship in December will be shipped in the March quarter.