Lam Research
LRCXQ1 2026(LRCX Q2 FY2026)Estimated19% AI
AI Revenue %
19%
AI Fair Value
$30.0B
AI Revenue (Q)
$1.6B
Total Revenue (Q)
$8.5B
Source: SEC EDGAR 10-Q Filing
Browse 10-Q filings on SEC.govAnalysis
Q2 FY2026 (Dec 2025 quarter): Revenue $5.34B. Systems revenue $3.36B, Customer support $1.99B. Memory mix data not in truncated filing, but YTD H1 FY2026 revenue $10.67B vs $8.54B prior year (+25%). Continued strong AI-driven demand across HBM, advanced packaging, and foundry AI chip builds. Customer support revenue growing faster now ($1.99B vs $1.78B prior quarter) as installed base of AI-related equipment generates service revenue. Industry reports indicate HBM now ~20-25% of total DRAM wafer starts, and foundry AI chip production continuing to expand. 19% AI revenue. $5.34B * 0.19 = ~$1.01B.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $5,344,791 thousand
10-Q Q2 FY2026, Condensed Consolidated Statements of Operations
Systems revenue $3,357,493; Customer support-related revenue and other $1,987,298
10-Q Q2 FY2026, Note 3 Revenue disaggregation
AI Products Identified (Ring 1)
Etch systems for HBM4/HBM4E DRAM productionDeposition for advanced packagingEquipment for AI chip foundry productionService/spares for AI-related installed equipment base
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
HBM share of DRAM wafer startsAI chip capex trendsCustomer support growth from AI equipment installed base
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix