LRCX Lam Research (LRCX) Q4 FY25 earnings call
Lam Research delivered a strong Q4 FY25, achieving record gross margins and EPS, driven by robust foundry and NAND upgrades. The company is executing on its served available market expansion strategy, with new products gaining traction in advanced packaging and gate-all-around architectures. While WFE spending is now expected to be flat half-on-half for CY25, Lam remains confident in its outperformance due to technology inflections and product leadership.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
LRCX operating KPIs by quarter
| KPI | Mar 2025 Q3 FY25 | This call Jun 2025 Q4 FY25 | Sep 2025 Q1 FY26 | Dec 2025 Q2 FY26 | Mar 2026 Q3 FY26 | Jun 2026 Q4 FY26 | Sep 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Employees | ~18.6KWe ended the March quarter with approximately 18,600 regular full-time employees, which was an increase of approximately 300 people from the prior quarter.Source: earnings call transcript | ~19KWe ended the June quarter with approximately 19,000 regular full-time employees, which was an increase of approximately 400 people from the prior quarter.Source: earnings call transcript | ~19.4KWe ended the September quarter with approximately 19,400 regular full-time employees, which was an increase of approximately 400 people from the prior quarter.Source: earnings call transcript | ~19.7KWe ended the December quarter with approximately 19,700 regular full-time employees, which was an increase of approximately 300 people from the prior quarter.Source: earnings call transcript | ~20.6KWe ended the March quarter with approximately 20,600 regular full-time employees, which was an increase of approximately 900 people from the prior quarter.Source: earnings call transcript | ~22.4KWe ended the June quarter with approximately 22,400 regular full-time employees, which was an increase of approximately 1,800 people from the prior quarter.Source: earnings call transcript | ~24.3KWe ended the September quarter with approximately 24,300 regular full-time employees, which was a growth of approximately 1,900 people from the prior quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.