# Fundamentals #0015: Lam Research: 1Q2027 results

Date: 2026-10-22 11:23
URL: https://heniu.blog/en/f-log/flog-2026-10-22-0015/
Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).

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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.