Lam Research beats quarterly revenue estimates on surging AI chip demand [Yahoo! Finance Canada]
Lam Research Corporation (LRCX)
Last lam research corporation earnings: 4/22 04:05 pm
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Source: Yahoo! Finance Canada
(Reuters) -Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company's shares up 4.5% in extended trading. The increased appetite for high-performance AI chips and processors — essential for powering AI workloads — is prompting major chip manufacturers like Taiwan Semiconductor Manufacturing Co, one of Lam's biggest customers, to ramp up orders. This surge is benefiting equipment suppliers such as Lam as well. Lam posted revenue of $4.72 billion for the three months ended March 30, beating analysts' estimate of $4.65 billion, according to data compiled by LSEG. Kinngai Chan, senior analyst at Summit Insights Group, said the third-quarter "outperformance was due to stronger shipments to Taiwan, while shipments into China remain robust." Lam derived 31% revenue from China and 24% from Taiwan in the reported quarter. The strong results have come despite on
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LRCX
Earnings
- 10/22/25 - Beat
LRCX
Sec Filings
- 12/18/25 - Form 4
- 12/17/25 - Form 144
- 11/17/25 - Form 4
- LRCX's page on the SEC website