Lam Research up after forecasting Q4 revenue above estimates

Lam Research

23/04/2026 10:08

** Shares of chip-equipment maker Lam Research LRCX.O up 1.3% at $269 premarket

** Co forecasts Q4 revenue above estimates, citing strong demand for its chipmaking tools used to manufacture advanced AI semiconductors

** Co forecasts Q4 rev of $6.60 bln, plus or minus $400 mln, well above analyst est. of $6.09 bln, as per LSEG data

** Sees Q4 adj EPS of $1.65 plus or minus 15 cents, above analysts est. of $1.45/shr

** Co also posts Q3 revenue of $5.84 bln, beating an estimate of $5.78 billion; adj EPS of $1.47, also ahead of an estimate of $1.36/shr

** As of last close, LRCX stock up 55.1% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))