Lam Research reported fiscal Q1 2027 revenue of $8.22 billion, up 54.4% year over year and above the $8.13 billion analyst estimate cited via Seeking Alpha, with adjusted earnings per share of $2.20 versus $2.19 expected. Systems equipment revenue rose about 62% to $5.73 billion and customer support revenue about 40% to $2.49 billion, while adjusted gross margin and operating margin reached 52.4% and 40.2%, both above market expectations. For fiscal Q2 the company guided revenue to $8.2–9.0 billion (midpoint $8.6 billion) and adjusted EPS to $2.18–2.48 (midpoint $2.33), only marginally above the $2.32 consensus, and the shares fell nearly 7% in after-hours trading, which IBD attributed to the lack of a bigger surprise.