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Lam Research
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Latest analysis
Updated Aug 27, 2026
Board loses two directors; Lam Research reduces board size to 10 effective November 2026.
Sohail U. Ahmed and Michael R. Cannon notified the Board of their decisions to retire effective November 2, 2026. The Board will reduce from 12 to 10 directors. Cannon's departure ends 16 years of service including 12 years on audit committee and seven years chairing nominating and governance; Ahmed had served seven years across audit, compensation, and innovation committees.
Tone: neutralRevenue
$23.2B
LRCX 10-K · FY 2026
Employees
23,300
Revenue growth YoY
+26%
Founded
1980
Profile
LRCX 10-K Item 1 · Aug 7, 2026Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry, with core competencies in deposition, etch, and clean processes. The company serves leading memory, foundry, and integrated device manufacturers, enabling advanced semiconductor device manufacturing at nanoscale dimensions. Its Customer Support Business Group provides aftermarket services, spares, upgrades, and non-leading-edge equipment to maximize installed base performance.
Read filing description ↓ Collapse description ↑
We are a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. We have built a strong global presence with core competencies in areas such as nanoscale manufacturing enablement, chemistry, plasma and fluidics, advanced systems engineering, and a broad range of operational disciplines. Our products and services are designed to help our customers build smaller and better performing devices that are used in a variety of electronic products, including mobile phones, personal computers, cloud and enterprise servers, wearables, automotive vehicles, and data storage devices. Our customer base includes leading semiconductor memory, foundry, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. Our core technical competency is integrating hardware, process, materials, software, and process control enabling results on the wafer. Demand for electronic systems supporting artificial intelligence, cloud infrastructure, communications, automotive, industrial and other intelligent systems is driving the need for high performance, energy efficient and highly integrated semiconductor devices. To meet these requirements, semiconductor manufacturers are adopting vertical scaling approaches, including three-dimensional architecture, more sophisticated patterning schemes, new materials, and advanced integration approaches, as traditional two-dimensional scaling is becoming more challenging. We believe we are in a strong position with our leadership and expertise in deposition, etch, and clean markets to facilitate some of the most significant innovations in semiconductor device manufacturing. Our Customer Support Business Group provides products and services to maximize installed equipment performance, predictability, and operational efficiency, including customer service, spares, upgrades, and new and refurbished non-leading edge products.
Primary products
- SABRE family
- ALTUS family
- VECTOR family
- Striker family
- Kiyo family
- Versys Metal family
Business segments
End markets
Geographies
Named customers
Named competitors
“We believe we are in a strong position with our leadership and expertise in deposition, etch, and clean markets to facilitate some of the most significant innovations in semiconductor device manufacturing.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Fiscal year 2026 revenue increased 26.0% compared to fiscal year 2025, driven by strong customer demand for semiconductor equipment systems, particularly from customers within the foundry market segment, as well as customer support-related revenues.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.