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Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2026

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FREMONT, Calif., April 22, 2026 /PRNewswire/ — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended March 29, 2026 (the “March 2026 quarter”).

Highlights for the March 2026 quarter were as follows:

Revenue of $5.84 billion.U.S. GAAP gross margin as a percent of revenue of 49.8%, U.S. GAAP operating margin as a percent of revenue of 35.0%, and U.S. GAAP diluted EPS of $1.45.Non-GAAP gross margin as a percent of revenue of 49.9%, non-GAAP operating margin as a percent of revenue of 35.0%, and non-GAAP diluted EPS of $1.47.

Key Financial Data for the Quarters Ended

March 29, 2026 and December 28, 2025

(in thousands, except per-share data, percentages, and basis points) 

U.S. GAAP

March 2026

December 2025

Change Q/Q

Revenue

$          5,841,488

$          5,344,791

+9 %

Gross margin

49.8 %

49.6 %

+ 20 bps

Operating margin

35.0 %

33.9 %

+ 110 bps

Diluted EPS

$                   1.45

$                   1.26

+ 15 %

Non-GAAP

March 2026

December 2025

Change Q/Q

Revenue

$          5,841,488

$          5,344,791

+9 %

Gross margin

49.9 %

49.7 %

+ 20 bps

Operating margin

35.0 %

34.3 %

+ 70 bps

Diluted EPS

$                   1.47

$                   1.27

+ 16 %

U.S. GAAP Financial Results

For the March 2026 quarter, revenue was $5,841 million, gross margin was $2,911 million, or 49.8% of revenue, operating expenses were $864 million, operating margin was 35.0%, and net income was $1,825 million, or $1.45 per diluted share on a U.S. GAAP basis. This compares to revenue of $5,345 million, gross margin of $2,651 million, or 49.6% of revenue, operating expenses of $841 million, operating margin of 33.9%, and net income of $1,594 million, or $1.26 per diluted share, for the quarter ended December 28, 2025 (the “December 2025 quarter”).

Non-GAAP Financial Results

For the March 2026 quarter, non-GAAP gross margin was $2,913 million, or 49.9% of revenue, non-GAAP operating expenses were $866 million, non-GAAP operating margin was 35.0%, and non-GAAP net income was $1,851 million, or $1.47 per diluted share. This compares to non-GAAP gross margin of $2,658 million, or 49.7% of revenue, non-GAAP operating expenses of $827 million, non-GAAP operating margin of 34.3%, and non-GAAP net income of $1,598 million, or $1.27 per diluted share, for the December 2025 quarter.

“Lam delivered record revenue and EPS in the March quarter as AI-driven demand reshapes the semiconductor industry,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “Our strategic investments and the velocity of our execution are generating strong momentum, enabling customers’ AI roadmaps and driving Lam’s outperformance during this critical phase of industry growth.”

Balance Sheet and Cash Flow Results

Cash, cash equivalents, and restricted cash balances decreased to $4.77 billion at the end of the March 2026 quarter compared to $6.20 billion at the end of the December 2025 quarter. The decrease was primarily the result of cash deployed for capital return activities, principal payment on debt instruments, and capital expenditures, partially offset by cash generated from operating activities during the quarter.

Deferred revenue at the end of the March 2026 quarter decreased slightly to $2.22 billion compared to $2.25 billion as of the end of the December 2025 quarter. Lam’s deferred revenue balance does not include shipments to customers in Japan, to whom control does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of acceptance. The estimated future revenue from shipments to customers in Japan was approximately $434 million as of March 29, 2026 and $226 million as of December 28, 2025.

Revenue

The geographic distribution of revenue during the March 2026 quarter is shown in the following table:

Region

Revenue

China

34 %

Korea

23 %

Taiwan

23 %

Japan

8 %

United States

6 %

Southeast Asia                                                                                                                                                                     

4 %

Europe

2 %

The following table presents revenue disaggregated between systems and customer support-related revenue:

Three Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

(In thousands)

Systems revenue

$         3,730,582

$         3,357,493

$         3,035,276

Customer support-related revenue and other                                                

2,110,906

1,987,298

1,684,899

$         5,841,488

$         5,344,791

$         4,720,175

Systems revenue includes sales of new leading-edge equipment in deposition, etch, and other wafer fabrication markets.

Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from our Reliant® product line.

Outlook

For the quarter ending June 28, 2026, Lam is providing the following guidance:

U.S. GAAP

Reconciling Items

Non-GAAP

Revenue

$6.60 Billion

+/-

$400 Million

—

$6.60 Billion

+/-

$400 Million

Gross margin

50.5 %

+/-

1 %

$  2.7

Million

50.5 %

+/-

1 %

Operating margin

36.5 %

+/-

1 %

$  3.0

Million

36.5 %

+/-

1 %

Net income per diluted share               

$1.65

+/-

$0.15

$  3.3

Million

$1.65

+/-

$0.15

Diluted share count

1.255 Billion

—

1.255 Billion

The information provided above is only an estimate of what the Company believes is realizable as of the date of this release and does not incorporate the potential impact of any business combinations, asset acquisitions, divestitures, restructuring, balance sheet valuation adjustments, financing arrangements, other investments, or other items that may be completed or realized after the date of this release, except as described below. U.S. GAAP to non-GAAP reconciling items provided include only those items that are known and can be estimated as of the date of this release. Actual results will vary from this model and the variations may be material. Reconciling items included above are as follows:

Gross margin – amortization related to intangible assets acquired through business combinations, $2.7 million.Operating margin – amortization related to intangible assets acquired through business combinations, $3.0 million.Net income per diluted share – amortization related to intangible assets acquired though business combinations, $3.0 million; amortization of debt discounts, $0.5 million; and associated tax benefit for non-GAAP items ($0.2 million); totaling $3.3 million.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP results, this press release also contains non-GAAP financial results. The Company’s non-GAAP results for both the March 2026 and December 2025 quarters exclude amortization related to intangible assets acquired through business combinations, the effects of elective deferred compensation-related assets and liabilities, amortization of note discounts, and the net income tax effect of non-GAAP items. In addition, the March 2026 quarter excludes expenses associated with workforce optimization activities and their associated income tax effect.

Management uses non-GAAP gross margin, operating expense, operating income, operating margin, net income, and net income per diluted share to evaluate the Company’s operating and financial results. The Company believes the presentation of non-GAAP results is useful to investors for analyzing business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. Tables presenting reconciliations of non-GAAP results to U.S. GAAP results are included at the end of this press release and on the Company’s website at https://investor.lamresearch.com.

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our outlook and guidance for future financial results, including revenue, gross margin, operating margin, net income per diluted share, and diluted share count; the extent to which our investments and rate of operational execution are enabling our customers, driving our performance and generating momentum; and customer and industry trends, including the role of AI as an industry driver. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs, export controls and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions, export controls or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our most recent annual report on Form 10-K or subsequent quarterly report on Form 10-Q. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX)

Consolidated Financial Tables Follow.

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data and percentages)

(unaudited) 

Three Months Ended

Nine Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

March 29,
2026

March 30,
2025

Revenue

$  5,841,488

$  5,344,791

$  4,720,175

$ 16,510,452

$ 13,264,198

Cost of goods sold

2,930,961

2,693,629

2,406,489

8,263,884

6,874,848

Gross margin

2,910,527

2,651,162

2,313,686

8,246,568

6,389,350

Gross margin as a percent of revenue

49.8 %

49.6 %

49.0 %

49.9 %

48.2 %

Research and development

583,200

573,305

525,904

1,732,951

1,516,209

Selling, general and administrative

280,311

267,654

226,023

827,310

713,301

Total operating expenses

863,511

840,959

751,927

2,560,261

2,229,510

Operating income

2,047,016

1,810,203

1,561,759

5,686,307

4,159,840

Operating margin

35.0 %

33.9 %

33.1 %

34.4 %

31.4 %

Other income (expense), net

(35,460)

26,410

(25,035)

21,024

19,308

Income before income taxes

2,011,556

1,836,613

1,536,724

5,707,331

4,179,148

Income tax expense

(186,096)

(242,619)

(206,057)

(719,217)

(541,019)

Net income

$  1,825,460

$  1,593,994

$  1,330,667

$  4,988,114

$ 3,638,129

Net income per share:

Basic

$           1.46

$           1.27

$           1.04

$           3.97

$          2.82

Diluted

$           1.45

$           1.26

$           1.03

$           3.95

$          2.81

Number of shares used in per share calculations:

Basic

1,249,728

1,254,856

1,283,779

1,256,343

1,290,041

Diluted

1,257,325

1,261,739

1,288,100

1,262,792

1,294,545

Cash dividend declared per common share

$           0.26

$           0.26

$           0.23

$           0.78

$          0.69

 

 LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

March 29,
2026

December 28,
2025

June 29,
2025

(unaudited)

(unaudited)

(1)

ASSETS

Cash and cash equivalents

$      4,750,936

$      6,180,440

$      6,390,659

Accounts receivable, net

4,132,890

3,491,987

3,378,071

Inventories

3,999,992

4,037,682

4,307,991

Prepaid expenses and other current assets

413,099

307,914

440,274

Total current assets

13,296,917

14,018,023

14,516,995

Property and equipment, net

2,853,614

2,710,989

2,428,744

Goodwill and intangible assets

1,882,017

1,864,037

1,808,685

Other assets

2,759,362

2,798,122

2,590,836

Total assets

$    20,791,910

$    21,391,171

$    21,345,260

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current portion of long-term debt and finance lease obligations                                        

$             4,095

$         754,006

$         754,311

Other current liabilities

5,238,303

5,459,147

5,814,114

Total current liabilities

5,242,398

6,213,153

6,568,425

Long-term debt and finance lease obligations

3,730,384

3,729,742

3,730,194

Income taxes payable

621,572

667,639

603,412

Other long-term liabilities

612,777

635,211

581,610

Total liabilities

10,207,131

11,245,745

11,483,641

Stockholders’ equity (2)

10,584,779

10,145,426

9,861,619

Total liabilities and stockholders’ equity

$    20,791,910

$    21,391,171

$    21,345,260

(1)

Derived from audited financial statements.

(2)

Common shares issued and outstanding were 1,250,539 as of March 29, 2026, 1,251,180 as of December 28, 2025, and
1,268,740 as of June 29, 2025.

 

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

Three Months Ended

Nine Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

March 29,
2026

March 30,
2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$      1,825,460

$      1,593,994

$      1,330,667

$      4,988,114

$      3,638,129

Adjustments to reconcile net income to net cash provided

by operating activities:

Depreciation and amortization

116,322

103,925

97,343

321,891

287,838

Deferred income taxes

(19,478)

(30,957)

(19,992)

(113,310)

(211,568)

Equity-based compensation expense

96,616

88,539

87,115

282,396

249,085

Other, net

(2,855)

(19,961)

1,654

(24,706)

(7,395)

Changes in operating assets and liabilities

(874,645)

(255,495)

(188,124)

(1,053,956)

(337,013)

Net cash provided by operating activities

1,141,420

1,480,045

1,308,663

4,400,429

3,619,076

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures and intangible assets

(331,604)

(260,879)

(288,058)

(777,604)

(586,995)

Other, net

(2,976)

3,096

(4,857)

(807)

8,154

Net cash used for investing activities

(334,580)

(257,783)

(292,915)

(778,411)

(578,841)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on debt, including finance lease

obligations and payments for debt issuance costs

(751,194)

(1,462)

(504,037)

(754,073)

(506,003)

Treasury stock purchases, including excise tax payments

(1,162,837)

(1,466,155)

(435,321)

(3,604,783)

(2,130,044)

Dividends paid

(325,829)

(327,507)

(295,716)

(945,317)

(854,335)

Reissuance of treasury stock related to employee stock

purchase plan

—

67,185

—

67,185

60,557

Proceeds from issuance of common stock, net issuance

 costs

9,167

3,854

1,993

13,021

1,756

Other, net

55

(1,117)

526

(13,511)

963

Net cash used for financing activities

(2,230,638)

(1,725,202)

(1,232,555)

(5,237,478)

(3,427,106)

Effect of exchange rate changes on cash, cash equivalents,

and restricted cash

(4,979)

(13,337)

2,380

(25,375)

(960)

Net change in cash, cash equivalents, and restricted cash

(1,428,777)

(516,277)

(214,427)

(1,640,835)

(387,831)

Cash, cash equivalents, and restricted cash at beginning of

period (1)

6,195,598

6,711,875

5,677,399

6,407,656

5,850,803

Cash, cash equivalents, and restricted cash at end of

period (1)

$      4,766,821

$      6,195,598

$      5,462,972

$      4,766,821

$      5,462,972

(1)

Restricted cash is reported within Other assets in the Condensed Consolidated Balance Sheets

 

Non-GAAP Financial Summary

(in thousands, except percentages and per share data)

(unaudited)

Three Months Ended

March 29,
2026

December 28,
2025

Revenue

$     5,841,488

$     5,344,791

Gross margin

$     2,913,123

$     2,658,256

Gross margin as a percent of revenue

49.9 %

49.7 %

Operating expenses

$        866,166

$        827,486

Operating income

$     2,046,957

$     1,830,770

Operating margin

35.0 %

34.3 %

Net income

$     1,851,442

$     1,597,626

Net income per diluted share

$              1.47

$              1.27

Shares used in per share calculation – diluted                                                                                                              

1,257,325

1,261,739

 

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income

(in thousands, except per share data)

(unaudited) 

Three Months Ended

March 29,
2026

December 28,
2025

U.S. GAAP net income

$       1,825,460

$       1,593,994

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations – cost of goods sold     

2,668

2,668

Elective deferred compensation (“EDC”) related liability valuation (decrease) increase – cost of goods sold

(6,476)

4,426

Workforce optimization charges – cost of goods sold

6,404

—

EDC related liability valuation (decrease) increase – research and development

(11,656)

7,968

Workforce optimization charges – research and development

9,437

—

Amortization related to intangible assets acquired through certain business combinations – selling, general

and administrative

348

193

EDC related liability valuation (decrease) increase – selling, general and administrative

(7,771)

5,312

Workforce optimization charges – selling, general and administrative

6,987

—

Amortization of note discounts – other income (expense), net

674

701

Loss (gain) on EDC related asset – other income (expense), net

27,265

(16,628)

Net income tax benefit on non-GAAP items

(1,898)

(1,008)

Non-GAAP net income

$       1,851,442

$       1,597,626

Non-GAAP net income per diluted share

$                1.47

$                1.27

U.S. GAAP net income per diluted share

$                1.45

$                1.26

U.S. GAAP and non-GAAP number of shares used for per diluted share calculation

1,257,325

1,261,739

 

Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin,

Operating Expenses and Operating Income

(in thousands, except percentages)

(unaudited) 

Three Months Ended

March 29,
2026

December 28,
2025

U.S. GAAP gross margin

$     2,910,527

$     2,651,162

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations                                   

2,668

2,668

EDC related liability valuation (decrease) increase

(6,476)

4,426

Workforce optimization charges

6,404

—

Non-GAAP gross margin

$     2,913,123

$     2,658,256

U.S. GAAP gross margin as a percent of revenue

49.8 %

49.6 %

Non-GAAP gross margin as a percent of revenue

49.9 %

49.7 %

U.S. GAAP operating expenses

$        863,511

$        840,959

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

(348)

(193)

EDC related liability valuation decrease (increase)

19,427

(13,280)

Workforce optimization charges

(16,424)

—

Non-GAAP operating expenses

$        866,166

$        827,486

U.S. GAAP operating income

$     2,047,016

$     1,810,203

Non-GAAP operating income

$     2,046,957

$     1,830,770

U.S. GAAP operating margin

35.0 %

33.9 %

Non-GAAP operating margin

35.0 %

34.3 %

Lam Research Corporation Contacts:
Ram Ganesh, Investor Relations, phone: 510-572-1615, e-mail: investor.relations@lamresearch.com

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The AI powered super voice assistant, built on a large language model, will soon be available in the vehicle. In the future, this technology is expected to support diverse function such as voice cloning and mood-based music recommendations, with the aim of accurately sensing the user’s emotional needs and delivering a personalized interactive experience. Additionally, features such as a 13.2-inch ultra-clear central screen, a 540° panoramic image, and 50W wireless charging and other features enrich smart car scenarios, fully addressing the tech demands of today’s youth.

High-Energy Ecosystem: An All-Scenario Setup Tailored to a Diverse Youth Lifestyle

To match young users’digital–physical lifestyle, OMODA 4 builds the best-in-class hyper-energy trendy ecosystem, redefining car scenarios and value as a connector of passion and life. As a mobile esports cockpit, the in-car system comes pre-loaded with over 20 casual and competitive games, supports wireless gamepad connection, turning waiting time into fun gaming moments anytime, anywhere. Building on this, OMODA 4 further expands the boundaries of in-car scenarios, creating a full-scene ecosystem that encompasses pet-friendly features, karaoke, camping, and multimedia entertainment. It is designed to fully accommodate the diverse lifestyle needs of young users and carry all their passions.

OMODA 4 will also launch an Ultra version, which offers class-exclusive factory performance modifications to deliver an exhilarating “supercar-like” experience for driving enthusiasts. The professional sports kit fully optimizes aerodynamics and body stance, boosting visual impact and high-speed stability. A launch control function unleashes peak torque at start for thrilling pushback, the tuned exclusive sports sound ignites drivers’ hearing on every acceleration. Professional sport tuning extends to the suspension, steering, and power response, resulting in more precise and sharper handling overall.

The official mass production rollout of the OMODA 4 represents a critical step in the execution of OMODA & JAECOO’s “New Million Strategy” and is a key component of the brand’s Globalization 2.0 blueprint. With strong tech heritage and a global innovation system, OMODA&JAECOO takes the OMODA 4 as its core model, paired with smart tech like the AiMOGA robot Mornine, to precisely target the global youth market. This shows the brand’s deep understanding of young users and strong R&D capabilities, as well as its commitment and breakthroughs in smart technology. Moving forward, the market launch of the OMODA 4 will further strengthen the brand’s position in the youth market and drive its premium and youthful evolution on the global stage.

About OMODA&JAECOO

In 2025, Chery Group, the parent company of OMODA&JAECOO, ranked 233rd in the Fortune Global 500, achieving the fastest ascent among global automakers, and maintained its position as China’s top passenger vehicle exporter for 23 consecutive years. OMODA & JAECOO takes “Co-Create A Beautiful Life With Young People” as its brand vision, while OMODA focuses on building “The World’s Leading Crossover Brand”, JAECOO adheres to the philosophy of “From Classic Beyond Classic” and is committed to building “Global Elegant Off-Road Brand”, and building differentiated competitiveness through dual routes. By 2025, the OMODA & JAECOO brand has expanded into 64 markets worldwide, covering Europe, Asia, Australia, Africa, Latin America, the Middle East, and more，demonstrating strong global growth momentum, especially in the European market, becoming the fastest growing car brand in Europe and even the world. In the field of new energy vehicles, OMODA&JAECOO relies on the world’s leading SHS technology, with Super High Power, Super Low Efficiency, Super Long Combined Range，while providing efficient new energy solutions for global users, but also steadily advancing towards the objective of becoming the “The World’s Number One Hybrid Brand”. Notably, beyond its continuous breakthroughs in the core automotive sector, OMODA & JAECOO has extended its technological innovation into the field of intelligent technologies. The robot, jointly developed with the AiMOGA team, has entered real public service scenarios and made its official debut at the Asian Youth Para Games，representing a landmark practice in automakers’ intelligent transformation and further expanding the brand’s value boundaries.

In Malaysia, OMODA & JAECOO currently offers models including J5, J7, J7 PHEV, J8, C9 and C9PHEV, and will continue to introduce more new models that meet local market demand. Under the same group, OMODA & JAECOO has 3 sister brands in Malaysia – Chery, iCAUR and Lepas.

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SOURCE OMODA & JAECOO

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Broadridge Transforming Financial Literacy in Ireland Through AI-Powered Communication

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April 27, 2026

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Helping Irish savers better understand investment products, Broadridge is developing innovative language simplification technology

DUBLIN, April 27, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc (NYSE: BR) today announced plans to support groundbreaking work in financial literacy in Ireland. Supported by IDA Ireland, the project will enable Broadridge to explore how artificial intelligence can be used to simplify the language in financial disclosures and make investment products more accessible to Irish retail investors.

“Ireland is a leading international centre for innovation in financial technology,” said Denis Curran, Head of International Financial Services, Emerging Business and Engineering & Green Economy at IDA Ireland. “We are delighted to support Broadridge in its mission to enhance financial literacy through the power of artificial intelligence. I wish the team at Broadridge every success with this innovative project.”

This collaboration addresses a critical challenge facing Ireland’s financial services sector. While Ireland hosts over €5 trillion in fund assets and is Europe’s ETF powerhouse, retail investor participation remains low. Research shows that dense, jargon-heavy disclosures create a significant barrier, with only 18% of EU citizens demonstrating high financial literacy according to the European Commission’s 2023 Eurobarometer Survey.

“This partnership with IDA Ireland positions Broadridge at the centre of a national initiative to leverage technology to make sophisticated investment products genuinely accessible to retail investors,” said Stephen Johnston, Senior Country Officer, Ireland, at Broadridge. “We’ve analysed investment disclosures from the 50 largest UK asset managers and found that nearly half were written at an academic level that would be difficult for most retail investors to understand. Across Europe, around €14 trillion sits in household savings accounts. At a time when purchasing power is eroding due to inflation, too many of these savers lack clarity and confidence in how best to realise their investment potential. By applying AI to create plain-language communications while maintaining regulatory compliance and accuracy, we can measurably boost engagement and help move Irish savers from deposit accounts into long-term investments that can support their financial futures.”

Broadridge’s research project will investigate how AI-driven plain-English communications can transform complex fund documentation into clear and simple information that empowers everyday Irish savers to make informed investment decisions. The initiative aligns with both the European Commission’s Financial Literacy Strategy and regulatory efforts such as the UK FCA’s Consumer Composite Investment framework to deliver simplified, user-friendly disclosures.

Broadridge’s Dublin team supports clients across Ireland’s financial services community, delivering a broad range of technology and operational solutions. With dedicated Dublin-based regulatory expertise, the team partners with leading global asset managers and fund administrators to navigate complex requirements, including PRIIPs, MiFID, Solvency II and the evolving UK–EU regulatory landscape.

Results from the study will be shared with industry stakeholders and regulators to inform best practices.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com

Media:
Gregg.Rosenberg@broadridge.com

 

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SOURCE Broadridge Financial Solutions, Inc.

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Technology

Fabpad Surpasses 12-Month Projections in 90 Days, Delivers 300% Growth Following Seed Round

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April 27, 2026

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Achieves rapid scale within a quarter of funding—while keeping most capital undeployed—highlighting strong demand, repeat usage, and a scalable multi-channel model

HYDERABAD, India, April 27, 2026 /PRNewswire/ — Fabpad, India’s fast-growing menstrual hygiene brand, has achieved its 12-month post-seed projections within just three months of closing its funding round in December 2025. The company also reported a 300% year-on-year growth for FY 2025–26.

Fabpad has reached this milestone within the first quarter post funding, with a significant portion of the raised capital still undeployed, pointing to strong underlying demand and disciplined execution.

The company is now planning to raise its Pre-Series A round to support its next phase of growth, with a focus on expanding access and scaling operations across markets.

Fabpad’s product portfolio—including reusable period panties, cloth pads, biodegradable disposables, and intimate hygiene solutions-—is designed to serve both individual consumers and larger-scale use cases.

Fabpad operates as a direct-to-consumer (D2C) brand in India, where it has built strong user engagement through product performance and repeat usage. Alongside this, the company has scaled across multiple demand channels and markets, enabling it to grow rapidly without relying on a single growth engine.

The company’s growth has been driven by a combination of:

Strong repeat behaviour and customer retentionConsistent product performance across use casesExpansion across geographies

Commenting on the milestone, Dipesh Dhelia, CEO, Fabpad, said, “What stands out to us is not just the speed of growth, but how efficiently it has come together. We’ve been able to hit our projected numbers early while still keeping most of our capital undeployed. That’s a strong signal that we have built a strong scalable model.”

Commenting on product adoption, Shripriya Khaitan Dhelia, Co-Founder, Fabpad, said, “Our focus has always been on solving for real, everyday use. This isn’t a one-time purchase decision—it’s something customers evaluate every single month. That’s where trust gets built. If the product performs consistently, it earns credibility over time, and that’s what ultimately drives repeat usage and growth.”

About Fabpad

Fabpad is a personal hygiene brand founded by Shripriya Dhelia, focused on building high-performance, affordable, and sustainable hygiene solutions for modern consumers. The company has developed a diversified business model, combining its direct-to-consumer (D2C) presence in India with institutional partnerships, export markets, and B2B distribution channels, enabling it to scale across both individual and large-scale use cases.

Fabpad’s product portfolio spans reusable period panties, cloth pads, biodegradable disposables, and intimate hygiene products, designed to deliver consistent performance while addressing cost efficiency and environmental impact. Built with a strong focus on product quality, repeat usage, and real-world functionality, the brand has gained traction across multiple markets and customer segments.

Fabpad is building a capital-efficient hygiene platform designed to scale across markets, channels, and use cases—without compromising on performance or accessibility.

Website: https://fabpad.in/

Photo: https://mma.prnewswire.com/media/2966131/Shripriya_Dipesh_Fabpad.jpg

 

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