Lam Research reported that its equipment sales tied to AI chip manufacturing surged by 35% year-over-year in the December quarter, driving overall revenue to an estimated $5.8 billion—a gain of roughly 25% compared with the same period last year. This performance outstripped Taiwan Semiconductor Manufacturing Company’s estimated AI-related revenue growth of 20%, bolstering Lam’s market share in critical etch and deposition tooling. Lam’s backlog stood at $9.2 billion at the end of December, up 18% sequentially, reflecting strong order momentum from hyperscale cloud customers and advanced logic foundries deploying its latest high-throughput etch platforms.

Lam Research will host its quarterly financial conference call on Wednesday, January 28, 2026, at 2:00 p.m. Pacific Standard Time. Management is expected to discuss December quarter results and provide guidance for the March quarter; consensus estimates anticipate revenue of $5.7 billion and non-GAAP EPS of $6.50. The webcast, accessible via the Investors section of Lam’s website, will include a live Q&A session. A replay will be available approximately three hours after the call concludes, allowing investors to review management’s commentary on supply chain conditions, capital spending trends among leading foundries, and anticipated demand for the company’s next-generation atomic layer deposition tools.

As of December 31, 2025, Lam Research held $4.1 billion in cash and short-term investments against $2.3 billion in long-term debt, maintaining a net cash position that underpins its R&D roadmap. The company plans to invest approximately $1.2 billion in technology development this fiscal year, focusing on next-generation plasma etch systems and high-aspect-ratio deposition tools tailored for 2 nm and 1.4 nm node applications. This commitment contrasts with peers who have signaled more conservative R&D budgets, positioning Lam to capture market share as chipmakers accelerate transitions to advanced logic and high-performance computing architectures.