Lam Research, which sells the etch and deposition tools used to make AI chips, reported record revenue of $8.22 billion for the quarter ended 27 September 2026, and its operating cash flow reached $3.50 billion of Lam operating cash flow, nearly double the $1.78 billion a year earlier
Lam Research, a global supplier of wafer fabrication equipment and services to the semiconductor industry, reported its financial results for the quarter ended September 27, 2026. The company announced revenue of $8.22 billion for the quarter. Its operating cash flow for the same period was $3.50 billion, an increase from $1.78 billion in the quarter ended September 28, 2025.
Verified 2026-10-23
Track with InsiderWhy it matters
Chip-equipment makers get paid before new fabs produce anything, so their cash flow is an early read on how hard the industry is building for AI.
- Price
- $254.37
- 30D
- -29.69%
- AI share of revenue
- Not disclosed
PRICES 15-MIN DELAYED · EODHD
More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total
FREE · NO CARD
Facts like this, six days a week
The Daily Receipts on weekdays, The Weekly Brief on Saturday — six sourced facts a day by email, two more than the free site shows. Every one traced to the filing it came from. Free.
Get the free daily briefFree · No card · Unsubscribe anytime
Join now and you start with 100 Receipts on The Receipts Ledger — your first step toward a free year of Insider or Pro. How it works →
See today's issue →