{"podcast":{"title":"Chip Stock Investor Podcast","slug":"chip-stock-investor-podcast-6441813","podcast_index_feed_id":6441813,"rss_url":"https://anchor.fm/s/e2cacf78/podcast/rss","website_url":"https://chipstockinvestor.com/","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/37949422/37949422-1745251328337-b57bc485b0f23.jpg","author":"Nicholas Rossolillo; Kasey Rossolillo","episode_count":455,"summary":"Semiconductors are the heart of the modern economy. These small devices that manipulate the flow of electricity run everything from our PCs and smartphones to our cars to manufacturing. The semiconductor industry is at an inflection point of renewed growth, powering new movements like generative AI and electric vehicles. The Chip Stock Investor Podcast explores how semiconductors work, and especially the business of chips. Follow Nicholas and Kasey to learn how chip technology has become the engine of the world, and how to invest in its growth.","last_synced_at":"2026-07-01T06:19:34.009916+00:00","page_url":"https://stenobird.com/podcast/chip-stock-investor-podcast-6441813"},"episode":{"title":"LRCX Earnings: Record Revenue, $6.6B Guidance, and the Memory Supercycle Driving Lam Research's Best Quarter Ever","slug":"lrcx-earnings-record-revenue-6-6b-guidance-and-the-memory-supercycle-driving-lam-research-s-best-quarter-ever","published_at":"2026-04-23T16:06:46+00:00","page_url":"https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/lrcx-earnings-record-revenue-6-6b-guidance-and-the-memory-supercycle-driving-lam-research-s-best-quarter-ever","show_page_url":"https://stenobird.com/podcast/chip-stock-investor-podcast-6441813","url":"https://podcasters.spotify.com/pod/show/chipstockinvestor/episodes/LRCX-Earnings-Record-Revenue--6-6B-Guidance--and-the-Memory-Supercycle-Driving-Lam-Researchs-Best-Quarter-Ever-e3ic0nq","audio_url":"https://anchor.fm/s/e2cacf78/podcast/play/118931642/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-23%2F422709736-44100-2-ebd7d75fec2bf.mp3","summary":"Lam Research just reported its best quarter ever — and then guided the next quarter to $6.6 billion in revenue. Wall Street was expecting $6.1 billion. In this episode, Nick and Kasey break down everything that matters from Lam Research's Q3 fiscal year 2026 earnings: the headline numbers, the mix shift toward memory, the advanced packaging growth story, what management's $796 million share buyback at all-time highs is actually communicating, and why Lam has quietly become CSI's largest semiconductor equipment holding — overtaking Applied Materials, where their conviction started over a decade ago. There is also the acceleration of the $40 billion NAND conversion investment timeline, now expected to complete before the end of 2027 — a significant pull-forward that increases near-term equipment demand for exactly the etch and deposition tools that Lam dominates. What we cover: — Q3 FY2026 results: $5.84B revenue, +24% year over year, EPS beat, gross margin approaching 50% — Q4 guidance: $6.6B vs. $6.1B analyst consensus — what the gap means for the cycle — Memory mix rising to 39% of systems revenue and why it has further to run in 2026 and 2027 — Advanced packaging revenues targeted to grow over 50% in calendar year 2026 — Customer support segment hits a record $2B — the recurring revenue cushion for the next downturn — The $796M share buyback at all-time highs — management's unambiguous signal — The $40B NAND conversion acceleration and what it means for Lam's revenue runway — Wafer fab equipment spending raised to $140B annually — the industry-wide read-through — Why Lam has become CSI's largest fab equipment holding Sponsored by fiscal.ai — the platform powering CSI's KPI charts and financial data. Get 15% off at fiscal.ai/csi Disclosure: Nick and Kasey are Lam Rese…","meta_description":"Lam Research just reported its best quarter ever — and then guided the next quarter to $6.6 billion in revenue. Wall Street was expecting $6.1 billion. In…","key_points":[],"chapters":[],"topics":[],"duration_seconds":580,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/chip-stock-investor-podcast-6441813/episodes/lrcx-earnings-record-revenue-6-6b-guidance-and-the-memory-supercycle-driving-lam-research-s-best-quarter-ever/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/lrcx-earnings-record-revenue-6-6b-guidance-and-the-memory-supercycle-driving-lam-research-s-best-quarter-ever.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}