LRCX Q1 FY2027 earnings: EPS beat by 0.9%, revenue beat by 1.0%
Lam Research reported Q1 FY2027. EPS came in at $2.20 against a $2.18 consensus, beat by 0.9%. Revenue was $8.2B versus $8.1B expected, beat by 1.0%. Gross margin was 52.3%, up 60 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.20 | $2.18 | beat by 0.9% |
| Revenue | $8.2B | $8.1B | beat by 1.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $8.2B | +22.3% | +54.4% |
| Gross profit | $4.3B | +23.6% | +60.1% |
| Operating income | $3.3B | +30.6% | +79.5% |
| Net income | $2.8B | +20.9% | +75.5% |
| Diluted EPS | $2.19 | +21.0% | +76.6% |
| Gross margin: 52.3%. |
§
The trend
Revenue is up 54.4% from the same quarter last year. Gross margin sits at 52.3%, a new high for the period charted.
§
How it stacks up
Pro
This section is part of the Pro report for LRCX.
Subscribe — $49.99/mo →
§
Go deeper on LRCX
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →