Lam Research posts record $8.22 billion quarter as AI chip demand accelerates
Photo: Crypto Briefing
The chip equipment maker topped revenue estimates, matched on adjusted earnings, and raised its outlook for wafer fab equipment spending Lam Research just had the biggest quarter in its history. The company reported first-quarter fiscal 2027 revenue of $8.22 billion , ahead of what Wall Street expected. Adjusted earnings per share came in at $2.20, roughly matching estimates. The AI buildout is still hungry, and the companies selling the picks and shovels keep getting paid. The quarter ended on September 27, 2026. Revenue jumped 54.4% compared with the same period a year earlier.
Source: Crypto Briefing
