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BreakingStocks

Lam Research Reports $2.75 Billion Net Income Amid Supply Chain Pressures

First Detected: Oct 22, 2026, 10:52 AM
Last Update: about 1 hour ago
1 update

Event Summary

Lam Research reported a net income of $2.75 billion for the quarter ended September 2026. The company's stock dipped in premarket trading as supply delays weighed on its outlook. Despite these current challenges, systems revenue is projected to grow by 40% in 2026.

Timeline

Latest developmentabout 8 hours ago

Lam Research revenue rises 22% as supply constraints limit December outlook

The company targets revenue of $8.60 billion in the December quarter, while expecting China's contribution to decline after its share of sales rose to 35% in September.

Read the full story

Key facts

  • Lam Research reported $2.75 billion in net income for the quarter ended September 2026.
  • The company's stock dipped in premarket trading as supply delays weighed on its outlook.
  • Systems revenue is projected to grow by 40% in 2026 despite current challenges.