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Lam Research Posts Record $8.22 Billion Quarter
Lam Research reported a record $8.22 billion quarter in the first quarter of fiscal 2027, up 54.4% from the same period a year earlier. The company's revenue grew 22% sequentially from the previous quarter. The quarter ended on September 27, 2026. The company attributed the surge to booming demand for AI-related semiconductors and more complex devices requiring advanced manufacturing processes. CEO Tim Archer emphasized operational excellence as manufacturing complexity rises. Lam also raised its outlook for wafer fab equipment spending to the low end of the $150 billion range, driven by persistent AI project demand.