Lam Research (LRCX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Lam Research (LRCX) reported $6.72 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 30%. EPS of $1.82 for the same period compares to $1.33 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $6.67 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +7.69%, with the consensus EPS estimate being $1.69.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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% versus the two-analyst average estimate of 40%.
• Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing: 10% versus the two-analyst average estimate of 6.6%.
• Leading- and non-leading-edge equipment and upgrade Revenue - Foundry: 44% compared to the 53.4% average estimate based on two analysts.
• Revenue- Customer support-related revenue and other: $2.47 billion versus the three-analyst average estimate of $2.13 billion. The reported number represents a year-over-year change of +42.6%.
• Revenue- Systems: $4.25 billion versus the three-analyst average estimate of $4.55 billion. The reported number represents a year-over-year change of +23.6%.

View all Key Company Metrics for Lam Research here>>>

Shares of Lam Research have returned -37.8% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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