Financial Performance & Outlook - Lam Research achieved record revenue of $5.3 billion[7] and a record gross margin of 50.6%[7,8] in the September 2025 quarter - The company's operating margin also reached a record 35.0%[7,8] - QSEP'25 revenue was $5.32 billion compared to $5.17 billion in QJun'25[30] - QSEP'25 earnings per share were $1.26 compared to $1.33 in QJun'25[30] - December 2025 quarter revenue is guided at $5.20 billion, with a non-GAAP gross margin of 48.5% and non-GAAP operating margin of 33.0%[41,42] Market & Technology Trends - The WFE (Wafer Fabrication Equipment) outlook for CY2025 is slightly higher than the prior forecast of ~$105 billion due to stronger HBM (High Bandwidth Memory) investments[10] - AI growth is expected to create a significant opportunity for Lam, potentially expanding the served available market (SAM) by ~$8 billion in WFE spending related to incremental AI data center investment of ~$100 billion[12] - Continued NAND upgrades are expected in 2026, with $40 billion in WFE conversion spending projected over the next several years[13] Business Segments & Regional Revenue - Foundry accounted for 60%, NVM (Non-Volatile Memory) for 18%, DRAM for 16%, and Logic/Other for 6% of the system revenue segments[32] - China contributed 43%, Taiwan 19%, and Korea 15% to the revenue by region[32] - Customer Support Business Group (CSBG) revenue for QSEP'25 was $1.777 billion[36]

Core Insights - Lam Research Corp. reported first-quarter earnings of $1.26 per share, exceeding analyst estimates of $1.22 [2] - The company achieved quarterly revenue of $5.32 billion, surpassing the Street estimate of $5.23 billion and showing a significant increase from $4.16 billion in the same period last year [2] Financial Performance - Earnings per share: $1.26, beating estimates [2] - Quarterly revenue: $5.32 billion, up from $4.16 billion year-over-year [2] Management Commentary - CEO Tim Archer highlighted that Lam's innovations are addressing major AI-driven semiconductor manufacturing changes [3] - The company is well-positioned for continued growth with an expanding portfolio of products and solutions across critical device segments [3] Stock Performance - Lam Research stock increased by 2.83% to $145.25 in extended trading [4]

Exhibit 99.1 FOR IMMEDIATE RELEASE Lam Research Corporation Reports Financial Results for the Quarter Ended September 28, 2025 FREMONT, Calif., October 22, 2025 - Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 28, 2025 (the "September 2025 quarter"). Highlights for the September 2025 quarter were as follows: Key Financial Data for the Quarters Ended September 28, 2025 and June 29, 2025 (in thousands, except per-share data, pe ...

Core Insights - Lam Research Corporation reported a revenue of $5.32 billion for the September 2025 quarter, reflecting a 3% increase from the previous quarter [2][4][9] - The company achieved a U.S. GAAP gross margin of 50.4% and a diluted EPS of $1.24, while non-GAAP gross margin was 50.6% with a diluted EPS of $1.26 [4][5][9] - The CEO highlighted the company's strong positioning for growth driven by innovations in semiconductor manufacturing, particularly in AI [5] Financial Performance - U.S. GAAP revenue for the September 2025 quarter was $5,324 million, up from $5,171 million in June 2025 [2][4] - Gross margin increased to $2,685 million, representing 50.4% of revenue, compared to 50.1% in the previous quarter [2][4] - Operating income as a percentage of revenue rose to 34.4%, with net income reported at $1,569 million [2][4][17] Non-GAAP Results - Non-GAAP gross margin was $2,694 million, or 50.6% of revenue, compared to 50.3% in the previous quarter [3][4] - Non-GAAP operating income was 35.0% of revenue, with net income at $1,605 million, translating to $1.26 per diluted share [3][4] Cash Flow and Balance Sheet - Cash, cash equivalents, and restricted cash increased to $6.7 billion at the end of the September 2025 quarter, up from $6.4 billion [5][18] - Deferred revenue rose to $2.77 billion, indicating a strong future revenue stream [6][18] Revenue Distribution - Revenue distribution by region for the September 2025 quarter was as follows: China (43%), Taiwan (19%), Korea (15%), Japan (10%), United States (6%), Southeast Asia (5%), and Europe (2%) [7] - Systems revenue was $3.55 billion, while customer support-related revenue was $1.78 billion [7][8] Outlook - For the quarter ending December 28, 2025, the company provided guidance of approximately $5.20 billion in revenue, with a gross margin of 48.4% [9][10]

Core Insights - Lam Research (LRCX) stock has increased by over 100%, driven by rising revenue, improved margins, and a strong valuation [2][3] - Key factors include exceptional earnings, increased demand for AI chips, and significant innovation in the market [2] Financial Performance - The stock price surged by 101%, supported by a 24% increase in revenue, a 13% rise in net margin, and a 40% increase in P/E multiple [3] - LRCX has consistently exceeded EPS and revenue projections across multiple quarters, contributing to the stock price increase [7] Market Dynamics - The demand for AI semiconductors and advanced architectures has led to a surge in orders for LRCX [7] - The global WFE market grew by 6.6% in 2025, with Q1 2025 revenues increasing by 21%, primarily driven by Korea and Taiwan [7] Profitability and Innovation - Gross margins reached historic levels, surpassing 50% in Q4 FY2025 due to enhanced operational efficiency [7] - Innovative etching technology for AI and 3D chips, along with a 13% increase in dividends, positively influenced market sentiment [7]

Group 1 - Lam Research Corporation is set to release its third-quarter earnings results on October 22, with expected earnings of $1.22 per share, an increase from $0.86 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $5.23 billion, compared to $4.17 billion a year earlier [1] - On September 16, Lam Research and JSR Corp. announced a non-exclusive cross-licensing and collaboration agreement to enhance next-generation semiconductor manufacturing [2] Group 2 - Barclays analyst Tom O'Malley maintained an Equal-Weight rating and raised the price target from $83 to $142 [5] - Mizuho analyst Vijay Rakesh maintained an Outperform rating and increased the price target from $130 to $162 [5] - Stifel analyst Brian Chin maintained a Buy rating and raised the price target from $115 to $135 [5] - Goldman Sachs analyst Toshiya Hari maintained a Buy rating and increased the price target from $115 to $160 [5] - B. Riley Securities analyst Craig Ellis maintained a Buy rating and raised the price target from $130 to $160 [5]

Lam Research (NASDAQ:LRCX) is scheduled to announce first-quarter earnings on October 22 after market close, with analysts expecting it to beat Wall Street estimates. The company’s profits are projected to rise nearly 42% to $1.22 while the consensus revenue estimate is $5.23 ...

Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - The company has a PEG ratio of 0.47 compared to the industry average of 0.93 and possesses a Growth Score of B [1] Group 2: Lam Research Corporation (LRCX) - Lam Research manufactures and services semiconductor equipment and holds a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased nearly 3% over the last 60 days [2] - The company has a PEG ratio of 1.72 compared to the industry average of 3.41 and possesses a Growth Score of B [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 33.3% over the last 60 days [3] - The company has a PEG ratio of 2.01 compared to the industry average of 2.56 and possesses a Growth Score of A [3]

Core Insights - Lam Research Corporation (NASDAQ: LRCX) is a leading provider of chip fabrication equipment, with a market capitalization of $180 billion and reported $18 billion in revenue over the past twelve months [3][4] - The company is set to announce its earnings on October 22, 2025, with consensus expectations predicting earnings of $1.22 per share on revenue of $5.23 billion, compared to $1.28 per share and $4.17 billion in revenue from the previous year [3] Financial Performance - In the last twelve months, Lam Research achieved an operating profit of $5.9 billion and a net income of $5.4 billion [3] - The stock has shown significant long-term appreciation, increasing by 210% from $45 in early January 2021 to approximately $140, outperforming the S&P 500's rise of around 75% during the same period [4] Historical Earnings Volatility - The stock's post-earnings movement has not displayed a strong historical trend, with an equal likelihood of rising or falling after earnings announcements [4] - Over the last five years, there have been 20 documented earnings data points, with 10 positive and 10 negative one-day returns, indicating a balanced volatility [10] Trading Strategies - Event-driven traders can assess historical odds and position themselves accordingly before earnings announcements, with a median gain of 5.7% on positive one-day returns and a median loss of -3.3% on negative returns [6][10] - Analyzing the correlation between short-term and medium-term returns can provide a strategy for positioning after earnings releases [8][9]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Lam Research (LRCX) - Lam Research currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, LRCX shares increased by 7.72%, outperforming the Zacks Electronics - Semiconductors industry, which rose by 5.94% [6] - In a longer timeframe, LRCX shares have risen by 11.49% over the past month, compared to the industry's 5.14% [6] - Over the last three months, LRCX shares have surged by 45.95%, and over the past year, they have increased by 94.28%, while the S&P 500 only moved 6.14% and 15.41% respectively [7] Trading Volume - The average 20-day trading volume for LRCX is 11,760,842 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, four earnings estimates for LRCX have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.40 to $4.53 [10] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, LRCX is positioned as a strong buy candidate for investors seeking short-term opportunities [12]