Industry Newswafer fab equipmentsemiconductor manufacturinglam researchearnings
Lam Research Reports Strong Quarterly Revenue Growth
6.0
Lam Research reported FQ1 2026 revenue of $5.32 billion on December 2, a 28% year-over-year increase, and non‑GAAP EPS of $1.26, up 46.5%; systems revenue rose 48% to $3.55 billion. The company guided FQ2 revenue of about $5.2 billion and EPS of roughly $1.15. Morgan Stanley raised its price target to $158, citing stronger 2026–2027 wafer‑fab equipment forecasts.
Key Points
- 1Reports revenue of $5.32B in FQ1 2026, a 28% year-over-year increase.
- 2Highlights strong demand with systems revenue up 48%, signaling recovery in wafer fab equipment cycle.
- 3Provides FQ2 guidance of ~$5.2B and Morgan Stanley raises price target to $158.
Scoring Rationale
Official strong earnings and analyst upgrade drive credibility and actionability; limited novelty and sector-specific impact constrain score.
Sources
Public references used for this report.
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