EarningsQ4 2026 Earnings Report
MX:LRCX Q4 2026 EPS Results
Actual EPS$33.05
Consensus EPS$30.64
Beat/MissBeat by +$2.42
One Year Ago EPS$24.15
MX:LRCX Q4 2026 Revenue Results
Actual Revenue$122.08B
Expected Revenue$121.04B
Beat/MissBeat by +$1.04B
YoY Revenue Growth+29.99%
Earnings Announcement Details
QuarterQ4 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:LRCX Upcoming Earnings
Lam Research's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:LRCX Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line growth, record deposits and profitability, rapid product and international expansion (Robinhood Chain, Trump Accounts, banking, credit card, prediction markets), and disciplined expense management. Several notable execution risks and open items remain — most importantly regulatory uncertainty for on‑chain tokenization and U.S. perps, early-stage friction for Agentic Trading, and month-to-month variability in net deposits and crypto activity. On balance, the positive operational and financial momentum along with sizable product and geographic expansion opportunities outweigh the listed challenges.Company Guidance
Record Revenue and Strong Top-Line Growth
Q2 revenue of $1.3 billion, a 32% year-over-year increase, driven by record volumes across equities, options, prediction markets and margin.
Record Net Deposits and Funded Accounts
Record net deposits of $22 billion in Q2 (28% annualized growth); added nearly 1 million funded customers in the quarter.
Outstanding Profitability and Margins
Adjusted EBITDA of $741 million, up 35% YoY, representing a 57% adjusted EBITDA margin; EPS of $0.62, up 48% YoY.
Expense Discipline and Tighter Outlook
Adjusted OpEx and SBC of $641 million in Q2 (below prior outlook); full-year adjusted OpEx & SBC guidance tightened to $2.675B–$2.775B while continuing new investments.
Balance Sheet and Capital Actions
Raised $2.2 billion of capital at attractive terms (0% coupon, no net dilution until share price > $300) and repurchased 7.5 million shares for $664 million year-to-date.
Gold and Card Momentum
Gold subscribers reached an all-time high of 4.8 million (17% attach rate to net funded accounts); Robinhood Gold Card surpassed 1 million cardholders and is driving over $17 billion in annualized purchase volume.
Platform Asset Growth and Scale
Total platform assets reached record levels (platform assets have quadrupled since IPO); company highlighted being more than a Rule of 80 company and now >$5 billion in annual revenue scale.
Robinhood Chain and On-Chain Traction
Robinhood Chain mainnet saw rapid adoption: over $12 billion in DEX volume, fastest chain to 100M transactions (now >150M transactions), and over $200 million deposited into Robinhood Earn (USDG stablecoin, ~7% APY).
International Expansion and Tokenization
Stock tokens available in 120+ countries; now serving over 1 million accounts outside the U.S.; acquisition of WonderFi (Canada) closed and capital markets services license obtained in Singapore.
New Business Milestones
13 businesses reached $100M+ ARR (including 2 new ones this quarter: Robinhood Legend and the Credit Card); Robinhood Banking deposits topped $3 billion since rollout.
Prediction Markets and Rothera Progress
Prediction markets engagement grew (prediction market users increased from ~1.5M to ~2M); Rothera became a top-3 DCM in the U.S. and is taking increasing flow.
MX:LRCX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed