Lam Research Q3 Beats, 8% Revenue Guidance

Lam Research reported Q3 adjusted EPS of $1.47 and revenue of $5.84 bn, topping analyst estimates of $1.35 and $5.73 bn.
The company forecast Q4 revenue of $6.60 bn ±$0.4 bn, an 8% premium to consensus, and adjusted EPS of $1.65 ±$0.15.
CEO Tim Archer said AI‑driven demand is reshaping the semiconductor industry, driving record revenue and strong momentum for Lam.
Third‑quarter adjusted net income rose to $1.85 bn from $1.60 bn year‑over‑year, reflecting higher AI chip orders.