[DEVELOPING] Lam Research posts record $8.22B quarter on AI demand and guides $8.6B; shares fall about 6% after hours
Lam reported September-quarter revenue of $8.22B (+22% QoQ) and non-GAAP EPS of $2.20, both above consensus per Investing.com. It guided the December quarter to $8.60B ± $400M, and CEO Tim Archer credited AI-driven chip demand for record revenue, profit and EPS. Investing.com reported shares down about 6% after hours and pointed to a wide guidance range and profit-taking after a roughly 80% one-year run. Strong numbers meeting a negative reaction is a read on how much semicap AI demand is already priced in, relevant to the lithography and foundry themes. Next to watch: whether peers trade the same way after reporting.