Lam Research reported record fourth quarter fiscal 2026 revenue of $6.72 billion, up 30% year-over-year and 15% sequentially. The company guided for first quarter fiscal 2027 revenue between $7.7 billion and $8.5 billion, with analyst consensus revised to approximately $34.8 billion for full fiscal 2027, up from the prior $31.1 billion estimate. Lam Research also raised its calendar year 2026 total wafer fabrication equipment spending forecast to the low $150 billion range. CEO Tim Archer highlighted the extraordinary setup driven by AI-related demand, particularly for high-bandwidth memory.
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