Lam Research Corporation Announced Q3 2026 Earnings on April 22, 2026, Reporting "March quarter revenue came in at $5.84 billion".

During the March 2026 quarter, Lam Research Corporation reported that "March quarter revenue came in at $5.84 billion". The company stated that "Gross margin in the March quarter was 49.9%" and "March quarter operating margin was 35%". Executives highlighted that "The March quarter diluted earnings per share came in at a record of $1.47". Additionally, the Customer Support Business Group generated "a record $2.1 billion in revenue in the March quarter".Management provided key business updates, noting that "Lam is off to a solid start in calendar year 2026, with revenues and profitability in the March quarter at the upper end of our guidance ranges and earnings per share exceeding the top end of our guided range". The company highlighted momentum in "an accelerating AI-driven semiconductor demand" environment and expects "total data center bits this year to be greater than both PC and mobile segments combined". Furthermore, executives stated that "Lam's advanced packaging revenue growth is expected to exceed 50% in calendar year 2026".For forward guidance, management is "expecting revenue of $6.6 billion, plus or minus $400 million" for the June 2026 quarter.

The company expects "Gross margin of 50.5%, plus or minus 1 percentage point" and is "Forecasting operating margins of 36.5% plus or minus 1 percentage point". Management is also "forecasting record earnings per share of $1.65, plus or minus $0.15". In terms of product announcements, the company introduced "the next generation of Dextro, which packs 10x more compute power than the first generation into a smaller footprint" and shared a "new agreement with a leading foundry/logic customer to deploy our equipment intelligence services for critical deposition applications".