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The Economic Times

Lam Research Stock: Why did LRCX shares fall despite record profits?

Lam Research reported record revenue of $8.22 billion for the September 2026 quarter, up 54% year-on-year and 22% sequentially. Strong investment in AI infrastructure and advanced chip manufacturing helped the semiconductor equipment maker deliver its fifth consecutive quarter of record sales. (Sources: BigGo Finance, Stocktwits) ​Lam Research posts record revenue as AI demand surges