Lam Research jumps as strong March-quarter results and June guidance stay in focus
LRCX•Lam Research shares rose as investors continued to price in an upbeat post-earnings outlook after the company reported $5.84B in revenue and $1.47 non-GAAP EPS for the quarter ended March 29, 2026. Management guided the June quarter to about $6.60B in revenue and $1.65 non-GAAP EPS, reinforcing AI-driven wafer-fab equipment demand.
1. What’s moving LRCX today
Lam Research (LRCX) is higher in the latest session as the market continues to lean into the company’s stronger-than-expected March-quarter results and a raised near-term outlook that pointed to accelerating demand tied to advanced logic and AI-related spending. The stock’s move also fits with broader strength in semiconductor equipment names as investors rotate into suppliers leveraged to a potential memory upcycle and renewed wafer-fab capex momentum. (investor.lamresearch.com)
