Lam Research FY3Q26 실적발표

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[SK증권 반도체 한동희, 해외주식 박제민]

Lam Research FY3Q26 실적발표 

▶️ FY3Q26 실적 (Non-GAAP)

매출액 $5.84B (+9% QoQ, +24% YoY): 컨센서스 +2%
GPM 49.9% (+0.3%p QoQ, +1%p YoY): 컨센서스 +0.7%p
OPM 35.0% (+1%p QoQ, +2%p YoY): 컨센서스 +0.9%p
희석 EPS $1.47 (+16% QoQ, +41% YoY): 컨센서스 +8%

▶️ FY4Q26 가이던스 * 가이던스 중간값 기준

매출액 $6.60B (+23% QoQ, +28% YoY): 컨센서스 +9%*
GPM 50.5% (+0.9%p QoQ, +0.2%p YoY): 컨센서스 +1.3%p*
OPM 36.5% (+2.6%p QoQ, +2.1%p YoY): 컨센서스 +2.1%p*
희석 EPS $1.65 (+30% QoQ, +24% YoY): 컨센서스 +14%*

▶️ 주요 코멘트

• 1분기 매출·EPS 모두 사상 최고치 경신 - AI 주도 반도체 수요 재편이 핵심 드라이버
• Systems 매출 $3.73B(+11% QoQ, +23% YoY), Customer support-related and other 매출 $2.11B(+6% QoQ, +25% YoY)
• 지역별 매출: 중국 34%, 한국 23%, 대만 23%, 일본 8%, 미국 6%, 동남아 4%, 유럽 2%
• 전략적 투자 및 실행 속도가 강한 모멘텀 창출 — 고객 AI 로드맵 지원 및 아웃퍼포먼스 견인
• 분기 중 자사주 매입 $1.16B, 배당 $0.33B 등 주주환원 지속. 순현금 $4.77B 유지

▶️ URL: https://buly.kr/FhPgwcu