Lam Research Non-GAAP EPS of $1.26 beats by $0.04, revenue of $5.32B beats by $90M

* Lam Research press release [https://seekingalpha.com/pr/20276223-lam-research-corporation-reports-financial-results-for-the-quarter-ended-september-28-2025] (NASDAQ:LRCX [https://seekingalpha.com/symbol/LRCX]): Q1 Non-GAAP EPS of $1.26 beats by $0.04.
* Revenue of $5.32B (+27.6% Y/Y) beats by $90M.
* 2Q adj EPS consensus of $1.03
*
For the quarter ended December 28, 2025, Lam is providing the following guidance:

U.S. GAAP

Non-GAAP

Revenue

$5.20 Billion

+/-

$300 Million

—

$5.20 Billion

+/-

$300 Million

Gross margin as a percentage of revenue

48.4 %

+/-

1 %

$ 2.7

Million

48.5 %

+/-

1 %

Operating income as a percentage of revenue

32.9 %

+/-

1 %

$ 3.0

Million

33.0 %

+/-

1 %

Net income per diluted share

$1.15

+/-

$0.10

$ 3.5

Million

$1.15

+/-

$0.10

Diluted share count

1.26 Billion

—

1.26 Billion

* Shares +5.6%.

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