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Lam Research Beats Earnings Estimates and Announces Quarterly Dividend
Lam Research reported second‑quarter earnings of $1.82 per share, surpassing the consensus estimate of $1.69, and revenue of $6.72 billion, above analysts’ $6.66 billion forecast. The company also declared a quarterly dividend of $0.26 per share, payable on July 8, 2026 to shareholders of record on June 17, 2026. Its shares fell about 6.4% to $252.35 after the release.
Gorman‑Rupp Company announced a $0.19 per‑share quarterly cash dividend, payable September 10, 2026 to shareholders of record on August 14, 2026. The pump manufacturer posted record second‑quarter results, with net sales of $186.1 million (up 3.9% YoY) and net income of $19.4 million ($0.74 per share). Strong cash flow allowed the firm to reduce total debt by $33 million during the first half of 2026.
Entities
Fremont, California · Gorman‑Rupp Company · Lam Research · Scott A. King · Semiconductor industry
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Gorman‑Rupp reduced total debt by $33 million during the first six months of 2026. www.richlandsource.com
- [○ 1 SOURCE] Gorman‑Rupp recorded net income of $19.4 million, or $0.74 per share, in the second quarter. www.richlandsource.com
- [○ 1 SOURCE] Gorman‑Rupp reported second‑quarter net sales of $186.1 million, a 3.9% increase from the prior year. www.richlandsource.com
- [○ 1 SOURCE] Lam Research declared a quarterly dividend of $0.26 per share, payable July 8, 2026 to shareholders of record June 17, 2026. investor.lamresearch.com
- [○ 1 SOURCE] Lam Research generated revenue of $6.72 billion, above the analyst estimate of $6.66 billion. www.marketbeat.com
- [○ 1 SOURCE] Lam Research reported earnings per share of $1.82 for the quarter, beating the consensus estimate of $1.69. www.marketbeat.com
- [○ 1 SOURCE] Gorman‑Rupp declared a quarterly cash dividend of $0.19 per share, payable September 10, 2026 to shareholders of record August 14, 2026. www.richlandsource.com