Lam Research reported fiscal second quarter results ending June 28, 2026, with revenue of $6.72 billion, a 15.1% increase from the prior quarter's $5.84 billion. U.S. GAAP diluted earnings per share rose to $1.81 from $1.45, while non-GAAP diluted EPS reached $1.82 compared to $1.47. The company provided third-quarter guidance of approximately $8.10 billion in revenue and $2.15 in non-GAAP diluted EPS. Cash balances increased to $5.60 billion, and deferred revenue grew to $2.43 billion. Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.