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Sentiment · FY2026 Q4
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Harlan Sur | JPMorgan | 9 (0%) |
| Stacy Rasgon | Bernstein | 9 (56%) |
| Krish Sankar | TD Cowen | 9 (11%) |
| CJ Muse | Cantor Fitzgerald | 9 (0%) |
| Tim Arcuri | UBS | 9 (0%) |
| Vijay Rakesh | Mizuho Securities | 8 (0%) |
| Atif Malik | Citigroup | 8 (25%) |
| Srini Pajjuri | RBC Capital Markets | 7 (14%) |
| Vivek Arya | Bank of America | 6 (33%) |
| Blayne Curtis | Jefferies | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 9 (0%) |
| TD Cowen | 1 | 9 (11%) |
| UBS | 1 | 9 (0%) |
| Cantor Fitzgerald | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $4.17B | +19.7% | $0.86 | +28.4% | 48.0% | 30.3% | 26.8% | $1.46B |
| FY2025 Q2 | $4.38B | +16.4% | $0.92 | +27.8% | 47.4% | 30.5% | 27.2% | $853M |
| FY2025 Q3 | $4.72B | +24.4% | $1.03 |
| 9 (0%) |
| Bernstein | 1 | 9 (56%) |
| Citigroup | 1 | 8 (25%) |
| Bank of America | 2 | 8 (25%) |
| Mizuho Securities | 1 | 8 (0%) |
| +41.1% |
| 49.0% |
| 33.1% |
| 28.2% |
| $1.02B |
| FY2025 Q4 | $5.17B | +33.6% | $1.35 | +73.1% | 50.1% | 33.7% | 33.3% | $2.38B |
| FY2026 Q1 | $5.32B | +27.7% | $1.24 | +44.2% | 50.4% | 34.4% | 29.5% | $1.59B |
| FY2026 Q2 | $5.34B | +22.1% | $1.26 | +37.0% | 49.6% | 33.9% | 29.8% | $1.67B |
| FY2026 Q3 | $5.84B | +23.8% | $1.45 | +40.8% | 49.8% | 35.0% | 31.2% | $810M |
| FY2026 Q4 | $6.72B | +30.0% | $1.81 | +34.1% | 51.7% | 37.4% | 33.9% | $822M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Revenue surged 24% year-over-year with record diluted EPS of $1.47 above the high end of guidance, as accelerating AI demand drove broad-based strength across NAND, DRAM, and foundry/logic. WFE outlook was raised to $140 billion with upside bias and NAND conversion spending was pulled forward to 2027. Record CSBG revenue exceeded $2.1 billion while gross margin expansion exceeded the long-term model.
Demand | Revenue Growth | Capex Investment | Regulation Policy | Competitive Dynamics | Supply Chain | Margin | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 6 | 7 | 2 | 3 | 2 | 2 | 3 | |
| 2025Q3 | 4 | 5 | 3 | 2 | 1 | 3 | 1 | |
| 2025Q4 | 3 | 7 | 1 | 5 | 3 | 2 | 1 | |
| 2026Q1 | 6 | 3 | 6 | 2 | 1 | 2 | 1 | |
| 2026Q2 | 6 | 2 | 3 | 2 | 4 | 5 | 2 | 1 |
| 2026Q3 | 14 | 5 | 8 | 2 | 2 | 3 | 4 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 4 | 3 | 6 | 6 | 14 |
| Revenue Growth | 7 | 5 | 7 | 3 | 2 | 5 |
| Capex Investment | 2 | 3 | 1 | 6 | 3 | 8 |
| Regulation Policy | 3 | 2 | 5 | 2 | 2 | |
| Competitive Dynamics | 2 | 1 | 3 | 1 | 4 | 2 |
| Supply Chain | 3 | 2 | 5 | 2 | ||
| Margin | 2 | 1 | 2 | 2 | 3 | |
| Innovation & R&D | 3 | 1 | 1 | 1 | 4 |
What LRCX and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“on the follow-up on HBF. I mean are you seeing book SanDisk and Hynix talking about it, I guess, but outside of that, when you look at high bandwidth flash, are you seeing investments or CapEx picking up there”
Analyst notes SanDisk (a Lam memory-maker customer) is discussing high-bandwidth flash, a potential future NAND capex driver.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LRCX Lam Research | 9 | +23.8% | |
| ADI Analog Devices | 9 | +30.4% | |
| ALAB Astera Labs, Inc. Common Stock | 9 | +93.4% | |
| AMAT Applied Materials | 5 | -2.1% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +22.1% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 10 | +73.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |