For the quarter ended September 2026, Lam Research (LRCX) reported revenue of $8.22 billion, up 54.4% over the same period last year. EPS came in at $2.20, compared to $1.26 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $8.14 billion. With the consensus EPS estimate being $2.17, the EPS surprise was +1.38%.
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 - Memory: 46% compared to the 45.7% average estimate based on two analysts. Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing: 8% compared to the 10.7% average estimate based on two analysts. Leading- and non-leading-edge equipment and upgrade Revenue - Foundry: 46% versus the two-analyst average estimate of 43.7%. Revenue- Customer support-related revenue and other: $2.49 billion compared to the $2.5 billion average estimate based on three analysts. The reported number represents a change of +40% year over year. Revenue- Systems: $5.73 billion versus $5.61 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +61.6% change.View all Key Company Metrics for Lam Research here>>>
Shares of Lam Research have returned -15.3% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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This article originally published on Zacks Investment Research (zacks.com).