Lam Research Corp. (LRCX) reported second quarter GAAP net income of $69.6 million or $0.54 per share, compared to a loss of $24.2 million or $0.19 per share in last year period. Ongoing earnings for the period were $60.7 million or $0.47 per share.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share. Analysts' estimates typically exclude special items.
The company said its ongoing results for the December 2009 quarter exclude certain costs for restructuring activities, the reversal of accrued liabilities due to final settlement of the remaining liabilities for Internal Revenue Code Section 409A related expenses, and the impairment of an investment.
Revenue for the recent quarter totaled $487.2 million, compared to $283.4 million in the same quarter last year. Eleven Wall Street analysts expected revenues of $453.59 million.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.