Lam Research (LRCX) Q3 2025 Earnings Recap

? Lam Research (LRCX) Q3 2025 Earnings Recap

Lam Research Beats Estimates as AI Chip Demand Drives Growth

Lam Research Corp. (LRCX) delivered strong Q3 2025 earnings, reporting $4.72 billion in revenue, exceeding Wall Street’s forecast of $4.65 billion. The beat was fueled by surging demand for AI chips, which continues to drive investment from major manufacturers like TSMC — one of Lam’s key clients.

As global chipmakers ramp up production to support AI workloads, Lam, a top supplier of semiconductor equipment, is benefiting significantly. The company saw 31% of its Q3 revenue from China and 24% from Taiwan, reinforcing its exposure to major chip hubs.

Despite ongoing challenges from U.S. export controls and trade tariffs, Lam remains optimistic.

“Our outlook remains strong even as we address near-term tariff-related uncertainty,” said CEO Tim Archer.

Looking ahead, Lam expects Q4 revenue of $5 billion ± $300 million, ahead of analyst estimates of $4.59 billion.

Stock Reaction: LRCX rose 4.5% in after-hours trading following the earnings release.