Lam and TI earnings

Business · Heat 1.5 / 10 · 2 shows · 3m airtime

Lam Research and Texas Instruments reported quarterly results on October 21, 2026. Lam beat by two cents with $8.22 billion in revenue but guided only slightly above estimates, and the stock fell about 6%. Texas Instruments beat on both lines and guided fourth-quarter revenue to $5.8 billion, above the $5.7 billion expected. The discussion has since shifted to what is driving TI's run: its data center revenue almost doubled in the quarter, and the stock is up about 60% this year. The split reaction still turns on guidance rather than the reported quarter, with Lam's modest outlook drawing the selloff while TI's raised forecast holds up.

How 2 podcasts covered it

1. Closing Bell, 2026-10-21 (19:54 to 21:15)
   Reports Lam's narrow beat and TI's double beat
   Reports the two chip earnings: Lam's two-cent beat and $8.22 billion revenue against guidance that was only slightly above the Street, sending the stock down 6%, and Texas Instruments' double beat with Q4 revenue guided to $5.8 billion.
   New angle: Lam Research beat by two cents but guided only slightly above estimates, and the stock fell about 6%.
2. Big Take, 2026-10-22 (11:43 to 13:01)
   Finds the data center line nearly doubled
   Turns to Texas Instruments' Wednesday report and finds the data center line nearly doubled in the quarter, with the stock up about 60% this year. The hosts frame the open question as whether that growth has peaked, not the guidance split that drove the original coverage.
   New angle: Texas Instruments' data center revenue almost doubled in the quarter, and the stock is up about 60% this year.