Lam Research Executives Sell Billions in Company Stock

On June 1, Lam Research Corp. (NASDAQ: LRCX) Senior Vice President Neil J. Fernandez sold 7,659 shares of the company’s common stock at approximately $309.60 per share under a pre-established Rule 10b5-1 trading plan, generating about $2.37 million (roughly KRW 36 billion) in proceeds. Filings show he still holds tens of thousands of shares, both directly and indirectly.

On June 11, board member Eric Brandt executed multiple open-market sales under a similar Rule 10b5-1 plan, disposing of tens of thousands of shares and raising approximately $18.7 million (around KRW 280 billion), which significantly reduced his direct ownership stake.

In its fiscal third quarter ended April 30, 2026, Lam Research reported revenue of $5.84 billion (about KRW 8.8 trillion) and earnings per share of $1.45, and it provided guidance for the quarter ending June 28 that exceeded analysts’ estimates. On May 21, the company declared a quarterly dividend of $0.26 per share, payable July 8 to shareholders of record as of June 17. Shares have been trading near all-time highs on optimism over AI semiconductor investments.

Headquartered in Fremont, California, Lam Research is a Fortune 500 semiconductor equipment supplier that delivers etch, deposition and other wafer fabrication tools to global foundry and memory manufacturers. As investments in AI data centers and advanced memory accelerate, demand for wafer fab equipment is rising, positioning Lam as a key supplier in this industry cycle.