Lam Research Corp. (NASDAQ:LRCX) shares climbed in Wednesday's extended trading after the company released its second-quarter earnings report, beating analyst estimates.
Here's a look at the key figures from the quarter.
The Details: Lam Research reported quarterly earnings of $1.27 per share, which beat the Street estimate of $1.17 by 8.45%, according to Benzinga Pro.
Quarterly revenue of $5.35 billion beat the analyst consensus estimate of $5.24 billion and was up from $4.38 billion from the same period last year.
Non-GAAP gross margin was $2.66 billion, or 49.7% of revenue, in the fourth quarter.
“Lam delivered another strong quarter to cap a record year,” said Tim Archer, Lam Research CEO.
“Entering 2026, our expanding product and services portfolio is enabling the market’s transition to smaller, more complex three-dimensional devices and packages. With AI accelerating, we are ramping execution velocity across the company to support our customers’ growth and realize our vision for multi-year outperformance,” Archer added.
Outlook: Lam Research is looking for third-quarter adjusted EPS of $1.25 to $1.45, versus the $1.20 analyst estimate and third-quarter revenue of $5.4 billion to $6 billion, versus the $5.3 billion analyst estimate.
LRCX Stock Price: According to data from Benzinga Pro, Lam Research stock rose 0.18% to $240.01 in Wednesday's extended trading.
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