Lam Research Executives Sell Millions in Shares After Earnings Announcement

On May 1, Neil J. Fernandes, Executive Vice President of Lam Research Corp. (LRCX), sold approximately 18,000 shares of the company’s common stock at $255.14 per share under a pre-established Rule 10b5-1 trading plan, raising about $4.64 million (roughly ₩6.5 billion). Following the transaction, Lam Research disclosed that Fernandes still holds equity—around 60,000 shares directly plus additional indirect holdings through his retirement plan account.

On April 27, Chief Legal Officer Ava Harter exercised stock options at $77.04 per share to acquire the same number of common shares, then sold all of them at $258.66 per share, securing about $1.55 million (approximately ₩2.2 billion). She continues to hold roughly 50,000 shares.

In its fiscal 2026 third-quarter results announced April 22, Lam Research reported revenue of approximately $5.8 billion (around ₩8 trillion) and net income of about $1.8 billion (roughly ₩2.5 trillion), compared with $4.7 billion in revenue and $1.3 billion in net income in the same period last year. The board also declared a quarterly cash dividend of $0.26 per share of common stock.

Founded in 1980 and headquartered in Fremont, California, Lam Research is a leading U.S. supplier of etch and deposition equipment for silicon wafer processing. Its key customers include global memory and foundry giants such as TSMC, Samsung Electronics and SK hynix. The company is classified as a large-cap semiconductor equipment firm and is included in both the Nasdaq-100 and the S&P 500.