Lam Research surges on upbeat quarterly forecast

Lam Research

28/01/2026 22:17

** Shares of semiconductor equipment maker Lam Research LRCX.O up 3% at $246.86 in extended trading

** Co forecasts quarterly revenue above estimates as enterprises ramp up orders of its chipmaking tools

** Expects Q3 revenue of $5.7 billion, plus or minus $300 million, compared with analysts' estimates of $5.34 billion — data compiled by LSEG

** Sees adjusted EPS of $1.35, plus or minus 10 cents, vs analysts' estimate of $1.20

** Posts Q2 revenue of $5.34 billion, topping estimates of $5.26 billion

** Reports quarterly adjusted EPS of $1.27 vs estimate of $1.17

** Stock rose more than two-fold in 2025

(Reporting by Koyena Das in Bengaluru)

((koyena.das@thomsonreuters.com))