Lam Research Corporation reported significant financial growth in its latest quarterly results, with revenue reaching $5.34 billion for the three months ended December 28, 2025, a 22% increase from $4.38 billion in the same period last year. For the first half of the fiscal year, revenue totaled $10.67 billion, up from $8.54 billion in the prior year. The company's net income also saw a substantial rise, reaching $1.59 billion for the quarter, compared to $1.19 billion a year earlier, translating to a diluted earnings per share of $1.26, up from $0.92.
The company experienced notable changes in its revenue composition, with systems revenue increasing to $3.36 billion, up from $2.63 billion in the previous year, while customer support-related revenue rose to $1.99 billion from $1.75 billion. This growth was primarily driven by increased spending in the foundry market, which accounted for 59% of systems revenue, compared to 35% in the same quarter last year. The geographic breakdown of revenue showed strong performance in China, which contributed $1.86 billion, up from $1.34 billion, and Taiwan, which saw revenue increase to $1.07 billion from $0.74 billion.
Operationally, Lam Research reported a decrease in its cash and cash equivalents to $6.18 billion from $6.39 billion at the end of the previous fiscal period. The company’s employee headcount increased to approximately 19,700, reflecting its ongoing investment in talent to support growth. The company also continued its share repurchase program, spending $1.44 billion on repurchases during the quarter, which contributed to a decrease in the number of shares outstanding.
Looking ahead, Lam Research anticipates continued demand for its products driven by trends in cloud computing, artificial intelligence, and 5G technologies. However, the company acknowledged potential volatility in the semiconductor industry due to trade restrictions and other uncertainties. Despite these challenges, Lam Research remains optimistic about long-term growth prospects, particularly in the areas of advanced packaging and 3D device scaling, which are expected to drive further demand for its wafer fabrication equipment and services.
About LAM RESEARCH CORP
Lam Research Corporation is a global provider of wafer fabrication equipment and services for the semiconductor industry. It specializes in process technologies such as deposition, etch, and clean, supporting the manufacturing of advanced chips used in electronics, data storage, and automotive markets. The company focuses on innovation, customer support, and operational excellence to enable semiconductor device scaling and performance improvements.
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