Lam Research Reports Record 2025 Results and Q2 Earnings Exceed Guidance
ByAinvest
Friday, Jan 30, 2026 7:56 am ET1min read
LRCX--
Lam Research reported record 2025 results with annual revenue of $20.6 billion, up 27%, and a record gross margin of 49.9%. The December quarter topped guidance with revenue of $5.34 billion and margin/earnings above outlook. Management said AI-driven demand is lifting industry WFE to about $110 billion in 2025, with an initial 2026 view near $135 billion. Business mix shifted toward foundry with record DRAM and strong momentum for its Acara etch tools and advanced packaging.

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