Lam Research Fiscal Q1 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

04:26 PM EDT, 10/21/2026 (MT Newswires) -- Lam Research (LRCX) late Wednesday reported fiscal Q1 adjusted earnings of $2.20 per diluted share, up from $1.26 a year earlier. Analysts polled by FactSet expected $2.18. Revenue in the quarter ended Sept. 27 rose to $8.22 billion from $5.32 billion a year earlier. Analysts project $8.14 billion. The company expects fiscal Q2 non-GAAP diluted EPS of $2.33, plus or minus $0.15, on revenue of $8.6 billion, plus or minus $400 million. Analysts project EPS of $2.33 on revenue of $8.57 billion. Lam shares fell 6.3% in after-hours trading.