Lam Research is on track to achieve a record gross margin above 50% in its fiscal fourth quarter, driven by surging AI-related demand for advanced semiconductor equipment. The company's revenues reached $5.84 billion（約9300億円） in Q3, up 24% year over year, as chipmakers increase spending on AI chip manufacturing tools and memory production. This milestone reflects how AI infrastructure investment is reshaping equipment makers' profitability and product strategy.
Summaries like this, in your inbox every morning.
Sign up free →What happened
Lam Research reported third-quarter non-GAAP gross margin of 49.9% and record revenues of $5.84 billion（約9300億円）, up 24% year over year. The company guided for fourth-quarter revenues of $6.6 billion（約1.1兆円） at the midpoint and a non-GAAP gross margin of 50.5%, marking the first time it has guided above the 50% threshold. Strong demand for advanced memory, foundry, and packaging equipment is driving the improvement.
Why it matters
AI is the biggest driver of the company's profitability gains. Equipment makers serving chipmakers investing in AI processor production are seeing better product mix and higher returns. For Lam Research customers, this reflects a major shift in spending priorities toward AI infrastructure—a trend that may signal sustained investment cycles in semiconductor manufacturing capacity over the coming year.
What to watch
Lam Research expects advanced packaging revenues to increase by more than 50% in calendar year 2026 as chipmakers invest in complex packaging technologies for AI processors. Management also forecasts wafer fabrication equipment spending of about $140 billion（約22兆円） this year.
No comments yet. Be the first to share your thoughts!
Log in to join the discussion
Get curated AI news from 200+ sources delivered daily to your inbox. Free to use.
Get Started FreeFree · takes 30 seconds · unsubscribe anytime
1 minute a day. The AI essentials.
200+ sources · Email / LINE / Slack
