Lam Research Posts 26% Fiscal 2026 Revenue Growth as AI Memory Boom Lifts $8.1 Billion Outlook
Updated
Updated · The Motley Fool · Jul 31
Lam Research Posts 26% Fiscal 2026 Revenue Growth as AI Memory Boom Lifts $8.1 Billion Outlook
3 articles · Updated · The Motley Fool · Jul 31
Summary
$23.2 billion in fiscal 2026 revenue marked a 26% year-over-year rise for Lam Research, while net income climbed 35% to $7.26 billion.
46% of Lam's revenue comes from memory-chip equipment, and AI-driven shortages in DRAM and NAND have pushed customers to spend more on new manufacturing capacity.
$8.1 billion in current-quarter revenue guidance implies 52% annual growth and topped analyst expectations of $7.09 billion; projected adjusted EPS of $2.15 also beat the $1.83 consensus.
$146 billion in combined 2027 capex from Samsung, SK Hynix and Micron—up from $58 billion in 2025—supports Lam's outlook, with Bank of America seeing wafer-fab equipment spending reaching $250 billion in 2028.