Lam Research (LRCX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2025, Lam Research (LRCX) reported revenue of $5.34 billion, up 22.1% over the same period last year. EPS came in at $1.27, compared to $0.91 in the year-ago quarter.The reported revenue represents a surprise of +2.11% over the Zacks Consensus Estimate of $5.23 billion. With the consensus EPS estimate being $1.17, the EPS surprise was +8.99%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Lam Research performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Leading- and non-leading-edge equipment and upgrade Revenue - Foundry: 59% versus 50.9% estimated by two analysts on average.Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing: 7% versus 6.4% estimated by two analysts on average.Leading- and non-leading-edge equipment and upgrade Revenue - Memory: 34% compared to the 42.7% average estimate based on two analysts.Revenue- Customer support-related revenue and other: $1.99 billion compared to the $1.78 billion average estimate based on four analysts. The reported number represents a change of +13.5% year over year.Revenue- Systems: $3.36 billion versus $3.44 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +27.9% change.View all Key Company Metrics for Lam Research here>>>Shares of Lam Research have returned +40% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.SeeWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks