Lam Research Posts Record $8.22 Billion Revenue as AI Chip Demand Rises

Oct 21, 2026
Lam Research reported record quarterly revenue of $8.22 billion, up 22% from the previous quarter, as AI increased semiconductor demand and device complexity.

Lam Research Corp said in a press release that revenue reached a record $8.22 billion in the quarter ended September 27, 2026, up 22% from the previous quarter. The semiconductor equipment supplier reported net income of $2.75 billion and diluted earnings of $2.19 per share.

Systems revenue rose to $5.73 billion from $4.25 billion in the previous quarter, while customer support revenue remained near $2.49 billion. Gross margin increased to 52.3% from 51.7%, and operating margin rose to 40.0% from 37.4%.

Lam attributed higher semiconductor demand and greater device complexity to AI. The company expects revenue of $8.60 billion, plus or minus $400 million, for the quarter ending December 27, 2026, with diluted earnings of $2.33 per share, plus or minus $0.15.

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