Lam Research Corporation · LRCX · Next earnings

Lam Research Corporation reports Wednesday, Jan 27, 2027

LRCX reports after market close with consensus EPS at $2.34 and revenue at $8.63B. Last quarter: Lam Research posts record quarter as AI drives tool intensity

Reports After market close84 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.34 Calendar consensus
Consensus revenue $8.63B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 84 days away

Where LRCX left off: FY2027 Q1

Full report

Lam Research posts record quarter as AI drives tool intensity

EPS surprise +0.9% Reported $2.20 vs $2.18
Revenue surprise +1.0% Reported $8.22B vs $8.14B
Stock move -1.0% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained guidance; the December-quarter outlook was described as slightly above prior expectations despite near-term supply constraints.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain bottlenecks and clean-room constraints could limit near-term shipments.
  • Higher China exposure could increase revenue volatility.
  • Inventory buildup ahead of expected demand may pressure execution.
  • Pricing, mix, and geographic income mix could weigh on margins and taxes.

Questions analysts left open

  • Supply-chain and clean-room constraints could limit near-term shipments.
  • China revenue may fluctuate from June and September levels.
  • The timing and magnitude of the NAND SLC tier transition remain important to demand.
  • The sustainability of record gross and operating margins, along with inventory turns, warrants monitoring.

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Recent LRCX quarters

All LRCX earnings
-1.0%FY2027 Q1+18.0%FY2026 Q4-2.6%FY2026 Q3+3.6%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.