Lam Research Q3 FY2026 Revenue $8.22B, EPS $2.19; Guides Q4 Revenue $8.60B
Lam Research reported Q3 FY2026 revenue of $8.22 billion, up 22% sequentially from $6.72 billion in Q2 FY2026 and up 54% year-over-year from $5.32 billion in the year-ago quarter. U.S. GAAP diluted EPS was $2.19, up 21% sequentially from $1.81. For the December 2026 quarter, the company guides revenue of $8.60 billion plus or minus $400 million, gross margin of 52.5% plus or minus 1%, operating margin of 40.5% plus or minus 1%, and diluted EPS of $2.33 plus or minus $0.15.
Forward guidance
Key takeaways
Q3 FY2026 revenue $8.22 billion, up 54% YoY from $5.32 billion; up 22% sequentially from Q2 FY2026
U.S. GAAP net income $2.75 billion, GAAP operating margin 40.0%, non-GAAP operating margin 40.2%
GAAP diluted EPS $2.19, non-GAAP diluted EPS $2.20, up 21% sequentially
Cash, cash equivalents and restricted cash increased to $7.45 billion from $5.60 billion at end of Q2
Customer support-related revenue $2.49 billion, up 40% YoY; systems revenue $5.73 billion, up 62% YoY
Q4 FY2026 guidance: revenue $8.60B ± $400M, gross margin 52.5% ± 1%, operating margin 40.5% ± 1%, EPS $2.33 ± $0.15
Dividend declared $0.33 per share, up from $0.26 per share in year-ago quarter
Key metrics
Primary source
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