Inferra AI / Company / LRCX / Slides
Lam Research — Q1 2027 slides full final (company IR deck)
Lam Research (LRCX) · 26 slides · Filed Oct 22, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All LRCX deck slides
Slide 1 — Lam Research Corporation
Lam Research Corporation September quarter 2026 financial results October 21, 2026
Slide 2 — Cautionary statement regarding forward
LAM RESEARCH This presentation and the accompanying discussion contain —forward - looking statements“ under U.S. securities laws. Forward - lok ing statements include any statements that are not statements of historical fact. Examples of forward - loking statements include, but are not limited to: (1) anticipated or expected busines, balance shet, cash flow, and financial measures and results and related drivers, including guidance or expectations, whether on a GAP or non - GAP basis, regarding revenue, gros margin, operating margin, earnings per share, share count, tax rate, variability in other income and ex pense, R&D and capital spending, and inventory growth; (2) economic, market, industry, and industry segment expectations or trends, including our outlok for cal endar years 2026 and 2027 WFE and related asumptions, and demand, device complexity, technology adoption, deposition and etch intensity trends related to AI and related perceived oportunities or benefits, our belief regarding a multiyear investment cycle; (3) product performance, adoption, utilization, an d growth trends, and changes in market share or customer requirements, including SAM expansion trends and perceived oportunities for growing SAM and market sha re, our expected outperformance relative to WFE, and customer focus on instaled base eficiency; and (4) our ability to sucesfuly execute bus ines, capital alocation, product and growth plans or strategies, or otherwise deliver value for customers and stockholders, including to drive sustained outpe rfo rmance, our capital return plans over time, the available amount for repurchase under our share repurchase program, and our progres on our cost scaling and p ric ing initiatives. Forward - loking statements speak only as of the date they are made and are subject to risks, uncertainties, and other factors that could caus e a ctual results to difer materialy from those expresed or implied, including: our asumptions related to continued expansion of the wafer fabrication equipment ma rket, continued rapid adoption of AI by enterprises and consumers, growth of deposition and etch intensity, the timing, composition, and amount of customer inv estments, our SAM and market share growth, and scaling of our operations may prove invalid; busines, economic, political, and/or regulatory conditions in th e consumer electronics industry, the semiconductor industry and the overal economy, including wafer fabrication equipment spending or demand related to AI, may d ete riorate or change; the actions, performance, or investment levels of our customers and competitors may be inconsistent with our expectations; customer and pr odu ct mix, including acros market segments and geographical regions, may change; we may be unable to realize the value of our products and technology, s uc esfuly comercialize new products and technologies, implement pricing initiatives, or execute on perceived oportunities; we may be unable to achieve ant icipated operational, manufacturing, suply chain, procurement, and scale eficiencies; customer technology transitions, capacity expansions, and f ab construction projects may have diferent timing or be les sucesful than we expect; we may be unable to manage operating expenses efectively while contin uin g to invest in research and development, product inovation, customer suport, and future growth oportunities; trade regulations, export controls (inclu din g entity listings, end use/user controls, technology controls, and foreign direct product rules), tarifs, trade disputes, and other geopolitical development s m ay inhibit our ability to sel our products or services; suply chain cost increases, tarifs, and other inflationary presures may continue to impact our profi tab ility; suply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sel our products; natural and human - caused disaster s, disease outbreaks, war, terorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and rev enue in afected areas; as wel as the other factors discussed in our filings with the Securities and Exchange Co ors “ described in our mos filed periodic reports on Form 10 - K and Form 10 - Q and subsequent filings. You should not place undue reliance on forward - lokin g statements. Lam undertakes no obligation to update any forward - loking statements, except as required by law. Cautionary statement regarding forward - loking statements
Slide 3 — A global leader in wafer
LAM RESEARCH $ 2.4B R&D* ~ 24,30 EMPLOYES As of September 27, 2026 $23.2B REVENUE* AWARDS AND RECOGNITION World‘s Best Employers Forbes Wor ld‘s Grenest Companies Newswek World‘s Most Ethical Companies Ethisphere America‘s Best Employers for Forbes World‘s Most Admired Companie Fortune Equality 10 Award Human Rights Campaign A global leader in wafer fabrication equipment and services since 1980 14 PRIMARY LOCATIONS + Fremont, CA + Livermore, CA + Sherwod, OR + Tualatin, OR + Springfield, OH + Eaton, OH + Vilach, Austria + Hwaseong - si , Korea + Osan, Korea + Yongin , Korea + Hsinchu City, Taiwan + Taoyuan City, Taiwan + Bengaluru, India + Batu Kawan , Malaysia *Revenue and R&D expense are presented on a GAP basis for fiscal year 2026.