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Here's What Key Metrics Tell Us About Lam Research (LRCX) Q3 Earnings
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For the quarter ended March 2026, Lam Research (LRCX - Free Report) reported revenue of $5.84 billion, up 23.8% over the same period last year. EPS came in at $1.47, compared to $1.04 in the year-ago quarter.
The reported revenue represents a surprise of +1.26% over the Zacks Consensus Estimate of $5.77 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +8.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lam Research performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Leading- and non-leading-edge equipment and upgrade Revenue - Foundry: 54% versus 52.2% estimated by two analysts on average.
Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing: 7% compared to the 7.2% average estimate based on two analysts.
Leading- and non-leading-edge equipment and upgrade Revenue - Memory: 39% versus 40.6% estimated by two analysts on average.
Revenue- Customer support-related revenue and other: $2.11 billion versus the three-analyst average estimate of $1.94 billion. The reported number represents a year-over-year change of +25.3%.
Revenue- Systems: $3.73 billion compared to the $3.82 billion average estimate based on three analysts. The reported number represents a change of +22.9% year over year.
Shares of Lam Research have returned +13.8% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Lam Research (LRCX) Q3 Earnings
For the quarter ended March 2026, Lam Research (LRCX - Free Report) reported revenue of $5.84 billion, up 23.8% over the same period last year. EPS came in at $1.47, compared to $1.04 in the year-ago quarter.
The reported revenue represents a surprise of +1.26% over the Zacks Consensus Estimate of $5.77 billion. With the consensus EPS estimate being $1.36, the EPS surprise was +8.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lam Research performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Lam Research here>>>
Shares of Lam Research have returned +13.8% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.