Lam Research reports record fourth quarter revenue of $6.72 billion, beating estimates and issuing strong guidance.

Lam Research reported fourth quarter non-GAAP earnings of $1.82 per share on revenue of $6.72 billion, beating analyst expectations. The company provided a strong outlook for the upcoming quarter, citing ongoing strength in AI-related demand.

Key Highlights

• Revenue of $6.72 billion grew 15.1% sequentially, exceeding the consensus estimate of $6.67 billion.
• Non-GAAP diluted EPS was $1.82, up 23.8% from the prior quarter and ahead of the expected $1.69.
• Issued strong guidance for the September quarter, with revenue forecast at a midpoint of $8.10 billion, well above the just-reported quarter's results.
• Non-GAAP operating margin expanded to 38.4% from 35.0% in the prior quarter.