Lam Research posted Q3 adjusted EPS $1.47 and revenue $5.84 bn, beating consensus estimates of $1.35 and $5.73 bn.
Revenue grew 24% YoY, driven by AI‑related demand, with systems revenue $3.73 bn and support revenue $2.11 bn.
Guidance for Q4 forecasts revenue $6.2‑$7.0 bn (mid $6.6 bn) and EPS $1.50‑$1.80 (mid $1.65), above Wall Street expectations.
Shares rose about 2.9% after results, while cash fell to $4.77 bn from $6.20 bn due to capital returns and debt payments.