Lam Research (LRCX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Lam Research reported Q1 FY2026 revenue of $8.22 billion, up 54.4% year-over-year, beating consensus estimates by 0.99%. EPS of $2.20 exceeded estimates of $2.17 by 1.38%. Systems revenue grew 61.6% to $5.73 billion, while customer support revenue increased 40% to $2.49 billion. However, the stock has declined 15.3% over the past month. The company maintains a Zacks Rank #2 (Buy) rating.