Technology

Lam Research Corporation Reports Financial Results for the Quarter Ended June 28, 2026

Published

2 hours ago

July 29, 2026

FREMONT, Calif., July 29, 2026 /PRNewswire/ — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended June 28, 2026 (the “June 2026 quarter”).

Highlights for the June 2026 quarter were as follows:

Revenue of $6.72 billion.U.S. GAAP gross margin as a percent of revenue of 51.7%, U.S. GAAP operating margin as a percent of revenue of 37.4%, and U.S. GAAP diluted EPS of $1.81.Non-GAAP gross margin as a percent of revenue of 52.0%, non-GAAP operating margin as a percent of revenue of 38.4%, and non-GAAP diluted EPS of $1.82.

Key Financial Data for the Quarters Ended
June 28, 2026 and March 29, 2026
(in thousands, except per-share data, percentages, and basis points)

U.S. GAAP

June 2026

March 2026

Change Q/Q

Revenue

$ 6,722,238

$ 5,841,488

+15.1 %

Gross margin

51.7 %

49.8 %

+ 190 bps

Operating margin

37.4 %

35.0 %

+ 240 bps

Diluted EPS

$ 1.81

$ 1.45

+24.8 %

Non-GAAP

June 2026

March 2026

Change Q/Q

Revenue

$ 6,722,238

$ 5,841,488

+15.1 %

Gross margin

52.0 %

49.9 %

+ 210 bps

Operating margin

38.4 %

35.0 %

+ 340 bps

Diluted EPS

$ 1.82

$ 1.47

+23.8 %

U.S. GAAP Financial Results

For the June 2026 quarter, revenue was $6.72 billion, gross margin was $3.48 billion, or 51.7% of revenue, operating expenses were $965.3 million, operating margin was 37.4% of revenue, and net income was $2.28 billion, or $1.81 per diluted share on a U.S. GAAP basis. This compares to revenue of $5.84 billion, gross margin of $2.91 billion, or 49.8% of revenue, operating expenses of $863.5 million, operating margin of 35.0% of revenue, and net income of $1.83 billion, or $1.45 per diluted share, for the quarter ended March 29, 2026 (the “March 2026 quarter”).

Non-GAAP Financial Results

For the June 2026 quarter, non-GAAP gross margin was $3.50 billion, or 52.0% of revenue, non-GAAP operating expenses were $916.4 million, non-GAAP operating margin was 38.4% of revenue, and non-GAAP net income was $2.28 billion, or $1.82 per diluted share. This compares to non-GAAP gross margin of $2.91 billion, or 49.9% of revenue, non-GAAP operating expenses of $866.2 million, non-GAAP operating margin of 35.0% of revenue, and non-GAAP net income of $1.85 billion, or $1.47 per diluted share, for the March 2026 quarter.

“Lam delivered record revenue, operating margin and earnings per share in the June quarter as AI-driven demand continues to reshape the semiconductor industry,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “Our strategic investments and technology leadership are helping customers accelerate through rising manufacturing complexity, positioning Lam for a third consecutive year of outperformance in 2026.”

Balance Sheet and Cash Flow Results

Cash, cash equivalents, and restricted cash balances increased to $5.60 billion at the end of the June 2026 quarter compared to $4.77 billion at the end of the March 2026 quarter. The increase was primarily driven by cash generated from operating activities, partially offset by cash deployed for capital return activities during the quarter.

Deferred revenue at the end of the June 2026 quarter increased to $2.43 billion compared to $2.22 billion as of the end of the March 2026 quarter. Lam’s deferred revenue balance does not include shipments to customers in Japan, to whom title 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 $490.2 million as of June 28, 2026 and $434.3 million as of March 29, 2026.

Revenue

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

Region

Revenue

Taiwan

27 %

China

26 %

Korea

20 %

Japan

9 %

United States

9 %

Southeast Asia

5 %

Europe

4 %

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

Three Months Ended

June 28,
2026

March 29,
2026

June 29,
2025

(In thousands)

Systems revenue

$ 4,249,848

$ 3,730,582

$ 3,437,625

Customer support-related revenue and other

2,472,390

2,110,906

1,733,768

$ 6,722,238

$ 5,841,488

$ 5,171,393

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 ended September 27, 2026, Lam is providing the following guidance:

U.S. GAAP

Reconciling
Items

Non-GAAP

Revenue

$8.10 Billion

+/-

$400 Million

—

$8.10 Billion

+/-

$400 Million

Gross margin

52.0 %

+/-

1 %

$ 2.7

Million

52.0 %

+/-

1 %

Operating margin

39.5 %

+/-

1 %

$ 3.0

Million

39.5 %

+/-

1 %

Net income per diluted share

$2.15

+/-

$0.15

$ 3.3

Million

$2.15

+/-

$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 June 2026 and March 2026 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, workforce optimization charges, and the net income tax effect of non-GAAP items.

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 effect of AI-driven demand on the semiconductor industry; the rising complexity of semiconductor manufacturing and the extent to which our investments and technology leadership help customers; and our positioning for outperformance. 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 recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. 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)

Three Months Ended

Twelve Months Ended

June 28,
2026

March 29,
2026

June 29,
2025

June 28,
2026

June 29,
2025

(unaudited)

(1)

Revenue

$ 6,722,238

$ 5,841,488

$ 5,171,393

$ 23,232,690

$ 18,435,591

Cost of goods sold

3,243,498

2,930,961

2,581,684

11,507,382

9,456,532

Gross margin

3,478,740

2,910,527

2,589,709

11,725,308

8,979,059

Gross margin as a percent of revenue

51.7 %

49.8 %

50.1 %

50.5 %

48.7 %

Research and development

642,922

583,200

580,178

2,375,873

2,096,387

Selling, general and administrative

322,330

280,311

268,403

1,149,640

981,704

Total operating expenses

965,252

863,511

848,581

3,525,513

3,078,091

Operating income

2,513,488

2,047,016

1,741,128

8,199,795

5,900,968

Operating margin

37.4 %

35.0 %

33.7 %

35.3 %

32.0 %

Other income (expense), net

41,654

(35,460)

37,853

62,678

57,161

Income before income taxes

2,555,142

2,011,556

1,778,981

8,262,473

5,958,129

Income tax expense

(277,860)

(186,096)

(58,893)

(997,077)

(599,912)

Net income

$ 2,277,282

$ 1,825,460

$ 1,720,088

$ 7,265,396

$ 5,358,217

Net income per share:

Basic

$ 1.82

$ 1.46

$ 1.35

$ 5.79

$ 4.17

Diluted

$ 1.81

$ 1.45

$ 1.35

$ 5.76

$ 4.15

Number of shares used in per share calculations:

Basic

1,251,286

1,249,728

1,274,279

1,255,079

1,286,101

Diluted

1,256,032

1,257,325

1,276,933

1,261,102

1,290,142

Cash dividend declared per common share

$ 0.26

$ 0.23

$ 1.04

$ 0.92

(1)

Derived from audited financial statements

LAM RESEARCH CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

June 28,
2026

March 29,
2026

June 29,
2025

(unaudited)

(1)

ASSETS

Cash and cash equivalents

$ 5,579,171

$ 4,750,936

$ 6,390,659

Accounts receivable, net

5,339,682

4,132,890

3,378,071

Inventories

4,276,111

3,999,992

4,307,991

Prepaid expenses and other current assets

415,741

413,099

440,274

Total current assets

15,610,705

13,296,917

14,516,995

Property and equipment, net

2,956,472

2,853,614

2,428,744

Goodwill and intangible assets

1,895,859

1,882,017

1,808,685

Other assets

3,066,707

2,759,362

2,590,836

Total assets

$ 23,529,743

$ 20,791,910

$ 21,345,260

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current portion of long-term debt and finance lease obligations

$ 4,073

$ 4,095

$ 754,311

Other current liabilities

5,933,176

5,238,303

5,814,114

Total current liabilities

5,937,249

5,242,398

6,568,425

Long-term debt and finance lease obligations

3,730,490

3,730,384

3,730,194

Income taxes payable

681,197

621,572

603,412

Other long-term liabilities

709,886

612,777

581,610

Total liabilities

11,058,822

10,207,131

11,483,641

Stockholders’ equity (2)

12,470,921

10,584,779

9,861,619

Total liabilities and stockholders’ equity

$ 23,529,743

$ 20,791,910

$ 21,345,260

(1)

Derived from audited financial statements

(2)

Common shares issued and outstanding were 1,251,278 as of June 28, 2026, 1,250,539 as of March 29, 2026, and 1,268,740 as of June 29, 2025

LAM RESEARCH CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Three Months Ended

Twelve Months Ended

June 28,
2026

March 29,
2026

June 29,
2025

June 28,
2026

June 29,
2025

(unaudited)

(1)

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$ 2,277,282

$ 1,825,460

$ 1,720,088

$ 7,265,396

$ 5,358,217

Adjustments to reconcile net income to net cash provided by
operating activities:

Depreciation and amortization

119,642

116,322

98,439

441,533

386,277

Deferred income taxes

(175,752)

(19,478)

(151,679)

(289,062)

(363,247)

Equity-based compensation expense

103,985

96,616

94,286

386,381

343,371

Other, net

(8,006)

(2,855)

14,240

(32,712)

6,845

Changes in operating assets and liabilities

(859,923)

(874,645)

778,814

(1,913,879)

441,801

Net cash provided by operating activities

1,457,228

1,141,420

2,554,188

5,857,657

6,173,264

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures and intangible assets

(188,801)

(331,604)

(172,191)

(966,405)

(759,186)

Other, net

45,060

(2,976)

42,940

44,253

51,094

Net cash used for investing activities

(143,741)

(334,580)

(129,251)

(922,152)

(708,092)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on debt, including finance lease
obligations and payments for debt issuance costs

(1,355)

(751,194)

(1,485)

(755,428)

(507,488)

Treasury stock purchases, including excise tax payments

(246,560)

(1,162,837)

(1,292,277)

(3,851,343)

(3,422,321)

Dividends paid

(325,318)

(325,829)

(295,207)

(1,270,635)

(1,149,542)

Reissuance of treasury stock related to employee stock
purchase plan

88,780

—

79,556

155,965

140,113

Proceeds from issuance of common stock

4,426

9,167

696

17,447

2,452

Other, net

(282)

(820)

(13,793)

143

Net cash used for financing activities

(480,309)

(2,230,638)

(1,509,537)

(5,717,787)

(4,936,643)

Effect of exchange rate changes on cash, cash equivalents,
and restricted cash

(2,056)

(4,979)

29,284

(27,431)

28,324

Net change in cash, cash equivalents, and restricted cash

831,122

(1,428,777)

944,684

(809,713)

556,853

Cash, cash equivalents, and restricted cash at beginning of
period (2)

4,766,821

6,195,598

5,462,972

6,407,656

5,850,803

Cash, cash equivalents, and restricted cash at end of period
(2)

$ 5,597,943

$ 4,766,821

$ 6,407,656

$ 5,597,943

$ 6,407,656

(1)

Derived from audited financial statements

(2)

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

June 28,
2026

March 29,
2026

Revenue

$ 6,722,238

$ 5,841,488

Gross margin

$ 3,497,336

$ 2,913,123

Gross margin as percent of revenue

52.0 %

49.9 %

Operating expenses

$ 916,420

$ 866,166

Operating income

$ 2,580,916

$ 2,046,957

Operating margin

38.4 %

35.0 %

Net income

$ 2,279,968

$ 1,851,442

Net income per diluted share

$ 1.82

$ 1.47

Shares used in per share calculation – diluted

1,256,032

1,257,325

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income
(in thousands, except per share data)
(unaudited)

Three Months Ended

June 28,
2026

March 29,
2026

U.S. GAAP net income

$ 2,277,282

$ 1,825,460

Pre-tax non-GAAP items:

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

2,668

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

15,379

(6,476)

Workforce optimization charges – cost of goods sold

549

6,404

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

27,682

(11,656)

Workforce optimization charges – research and development

960

9,437

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

348

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

18,454

(7,771)

Workforce optimization charges – selling, general and administrative

1,388

6,987

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

504

674

(Gain) loss on EDC related asset – other income (expense), net

(61,325)

27,265

Net income tax benefit on non-GAAP items

(3,921)

(1,898)

Non-GAAP net income

$ 2,279,968

$ 1,851,442

Non-GAAP net income per diluted share

$ 1.82

$ 1.47

U.S. GAAP net income per diluted share

$ 1.81

$ 1.45

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

1,256,032

1,257,325

Reconciliation of U.S. GAAP Gross Margin, Operating Expenses, Operating Income and Operating Margin to Non-GAAP
Gross Margin, Operating Expenses, Operating Income and Operating Margin
(in thousands, except percentages)
(unaudited)

Three Months Ended

June 28,
2026

March 29,
2026

U.S. GAAP gross margin

$ 3,478,740

$ 2,910,527

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

2,668

EDC related liability valuation increase (decrease)

15,379

(6,476)

Workforce optimization charges

549

6,404

Non-GAAP gross margin

$ 3,497,336

$ 2,913,123

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

51.7 %

49.8 %

Non-GAAP gross margin as a percent of revenue

52.0 %

49.9 %

U.S. GAAP operating expenses

$ 965,252

$ 863,511

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

(348)

EDC related liability valuation (increase) decrease

(46,136)

19,427

Workforce optimization charges

(2,348)

(16,424)

Non-GAAP operating expenses

$ 916,420

$ 866,166

U.S. GAAP operating income

$ 2,513,488

$ 2,047,016

Non-GAAP operating income

$ 2,580,916

$ 2,046,957

U.S. GAAP operating margin

37.4 %

35.0 %

Non-GAAP operating margin

38.4 %

35.0 %

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

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SOURCE Lam Research Corporation

Technology

Why More Traders Are Exploring AI-Driven Trading Solutions

Published

40 minutes ago

July 29, 2026

As trading technology continues to evolve, AI-driven software is giving traders new ways to automate strategies, manage risk, and choose solutions that align with their individual trading goals.

SCOTTSDALE, Ariz., July 29, 2026 /PRNewswire/ — TruTrade, a software company specializing in AI-driven trading technology, is highlighting the growing interest in AI-powered trading software as more traders seek technology designed to enhance efficiency, flexibility, and control. As artificial intelligence continues to influence financial markets, traders are increasingly incorporating AI-driven tools into their trading routines to help streamline execution and support a wide range of trading strategies.

Unlike traditional trading software, modern AI-driven platforms like TruTrade can assist traders by automating predefined processes, executing strategies based on user-selected parameters, and providing greater consistency across different market conditions. Rather than replacing the trader, these technologies are designed to work alongside them, allowing users to maintain control over their accounts while leveraging software to support their trading objectives.

The TruTrade Ecosystem brings together multiple AI-driven trading solutions designed to accommodate different trading preferences. The ecosystem includes RipperONE AI, TruTrade’s chartless AI-driven trading solution, as well as TruTrade’s Interactive AI Chart-Based Suite for traders who prefer a more hands-on experience. Together, these solutions provide flexibility by allowing traders to choose the software experience that best aligns with their preferred approach to the markets.

QuickFund AI is an integrated part of the TruTrade Ecosystem, helping traders obtain funded proprietary trading accounts through compatible third-party proprietary trading firms. By simplifying the funding process, QuickFund AI provides eligible traders with an additional pathway to access funded trading capital while complementing TruTrade’s software solutions. QuickFund AI operates independently of any proprietary trading firm, and funding decisions remain solely with the selected proprietary trading firm.

As demand for AI-driven trading technology continues to grow, TruTrade remains focused on developing software that provides traders with flexible solutions tailored to different trading styles and account types. Through the TruTrade Ecosystem, the company continues to bring together innovative technology designed to help traders choose the AI-powered tools that best fit their individual goals.

For more information about TruTrade and the TruTrade Ecosystem, visit TruTrade.io.

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SOURCE TruTrade

Technology

BingX Strengthens Market Confidence with Dedicated Trust Center

Published

40 minutes ago

July 29, 2026

Dedicated Trust Center brings together BingX’s Proof of Reserves, $150 million Shield Fund, internationally certified security standards, and eight-year track record of operations.

PANAMA CITY, July 30, 2026 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3-AI company, has launched its dedicated Trust Center exhibiting the platform’s security framework, asset transparency, and long-term operational milestones. The initiative reflects BingX’s continued investment in building a resilient platform trusted by more than 40 million users worldwide.

As trust and transparency become increasingly important across the broader industry, BingX continues to strengthen the foundations that support its long-term growth. Over the past eight years, BingX has focused on building trust through consistent operations, transparent asset protection, robust risk management, and a user-first approach.

“Trust is not established overnight, but earned through consistent transparency, reliable operations, and an unwavering commitment to users,” said Pablo Monti, Spokesperson of BingX. “Every milestone, from Proof of Reserves and global compliance to strategic partnerships and product innovation, reflects our commitment to building a platform users can rely on for the long term.”

Building Trust Through Transparency and Security

The platform’s trust framework includes 100% Proof of Reserv es through monthly Merkle Tree snapshots. According to the latest reserve report on July 15, 2026, BingX maintains a BTC reserve ratio of 142.82%, an ETH reserve ratio of 126.48%, a USDT reserve ratio of 131.83%, and a USDC reserve ratio of 124.41%, demonstrating full backing of user assets.

BingX further strengthens user protection through a US$150 million Shield Fund, together with multi-layer asset protection, multi-signature authorization, tiered cold, warm and hot wallet architecture, real-time risk monitoring and 24/7 global customer support.

The platform has also achieved internationally recognized PCI DSS 4.0.1 and ISO/IEC 27001 certifications, validating its controls across information protection, risk management, operational resilience, and incident response. Regular third-party security assessments further reinforce BingX’s commitment to maintaining a secure trading environment.

Expanding Presence Through Compliance and Innovation

Alongside its security framework, BingX continues to expand its global footprint through regulatory progress and product innovation.

The company has advanced its presence in Europe, where BingX EU has submitted an application for authorisation as a crypto-asset service provider on MiCAR, reinforcing its commitment to compliant growth.

BingX is also continuing its evolution into a leading multi-asset trading platform. Through BingX TradFi, eligible users can access traditional financial markets—including stocks, commodities, forex and indices—alongside cryptocurrencies, with products available subject to regional regulations and eligibility requirements.

Trusted by Global Partnerships

BingX’s long-term commitment to trust extends beyond its platform through partnerships with globally recognized organizations, reinforcing its credibility and strengthening its presence across international markets.

Its partnership with Chelsea Football Club has continued to grow over the past two years, evolving from Official Sleeve Partner to Official Training Wear Partner and featuring global initiatives such as the “Trained on Greatness” campaign. In 2026, BingX also renewed the partnership, extending a collaboration founded on shared values of discipline, excellence, and continuous improvement.

In 2026, BingX also became Scuderia Ferrari HP’s first-ever crypto exchange partner. The multi-year partnership brings together two global brands built around performance, innovation, and delivering unique experiences to users around the world.

Responsibility Beyond Trading

BingX believes trust is built not only through technology and security, but also through meaningful contributions to society.

Supported by a $10 million BingX Charity Fund, the company has contributed to humanitarian relief, education, environmental sustainability, and community development initiatives since 2022. Recent initiatives include a year-long partnership with Save the Children supporting vulnerable children in Bosnia and Herzegovina, disaster relief efforts across Asia, support for communities affected by the 2025 fires in Hong Kong and ongoing educational and environmental programs worldwide.

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Technology

ASTEROID (44) NYSA MAY BE THE FIRST-KNOWN THREE-LOBED WORLD

Published

40 minutes ago

July 29, 2026

Previously unknown moon orbiting Nysa is also detected.

FLAGSTAFF, Ariz., July 29, 2026 /PRNewswire/ — An international team of astronomers has uncovered striking new evidence that asteroid (44) Nysa, one of the brightest and largest asteroids with an enstatite-like (E-type) surface composition in the main belt, possesses an extraordinary three-lobed structure and is accompanied by a small moon. The discovery, based on high-resolution adaptive optics imaging from some of the world’s most advanced telescopes, provides a rare glimpse into the complex history of one of the solar system’s most enigmatic asteroids.

The findings, presented in the study “Unmasking (44) Nysa: Evidence for a Trilobate Structure,” reveal that Nysa is unlike any asteroids previously observed. For more than a century, astronomers have studied Nysa, whose unusual brightness and composition made it a compelling target for investigation. Earlier observations hinted at an elongated or potentially bilobate shape, but the asteroid’s true form remained elusive.

Using the Italian SHARK-VIS instrument on the Large Binocular Telescope in Arizona and the SPHERE/ZIMPOL instrument on the European Southern Observatory’s Very Large Telescope in Chile, researchers obtained the highest-resolution images ever acquired of Nysa. These unique datasets revealed multiple large surface features, including two prominent valleys that appear to wrap around the asteroid’s circumference. The team interprets these features as “colli” or neck-like connections between separate lobes.

“The images reveal a remarkably unusual object,” said lead author Kate Minker of Lowell Observatory. “The most likely explanation is that Nysa is either a contact trinary, consisting of three connected components, or an extremely irregular coherent body unlike anything we’ve previously observed.”

To better understand the asteroid’s shape, scientists combined the adaptive optics images with extensive photometric observations from observatories around the world. They generated a detailed three-dimensional model of Nysa. The reconstructed shape strongly supports the presence of three distinct lobes connected by narrow neck regions.

“These observations had to be combined with specially developed image processing techniques to further sharpen the images and remove the bright halo surrounding the asteroid, potentially hiding faint companions,” explains Anthony Berdeu, one of the lead authors of the study.

Minker adds, “These observations likely represent the closest competition to spacecraft-quality imaging ever achieved from the ground, made possible by an exceptional combination of advanced instrumentation and sophisticated data-reduction techniques.”

The study also reports the detection of a previously unknown moon, temporarily designated S/2026 (44) 1. The satellite was independently identified in observations obtained during two separate observing campaigns. Researchers estimate the moon measures roughly one kilometer (0.62 miles) in diameter and orbits at least 170 kilometers (106 miles) from the 75-kilometer (47 miles)-diameter primary asteroid.

“We borrowed a specialized technique from another field of astronomy, known as ‘high-contrast imaging’, to detect the small moon whose faint light was overwhelmed by the intense brightness of the primary asteroid” says Gianluca Li Causi of the SHARK-VIS team at the Italian National Institute for Astrophysics (INAF).

Future observations of the newly discovered satellite will allow researchers to determine Nysa’s mass and density more precisely, helping to distinguish between competing theories for the asteroid’s remarkable structure.

The discovery provides an important clue to Nysa’s formation and evolution. Scientists suggest the unusual structure may have formed through low-velocity reaccumulation of fragments from an ancient collision, possibly before Nysa reached its current location in the asteroid belt. Another possibility is that Nysa represents the remnants of a dramatic hit-and-run collision involving a larger parent body.

Because E-type asteroids may preserve a record of the enstatite-rich inner solar system, either as primitive planetesimals or as crustal fragments of differentiated protoplanets, understanding Nysa’s origin may shed light on processes that operated during the earliest phases of solar system formation.

“These new images appear consistent with several earlier clues that Nysa is really a unique object,” said Al Conrad of the Large Binocular Telescope Observatory. “For the first time, we can directly investigate whether those clues point to a deeply indented body or to a true multi-lobed structure.”

If confirmed, Nysa would join a growing class of solar system objects whose distinctive shapes preserve evidence of ancient collisions and mergers dating back billions of years, offering scientists a unique window into the early history of the solar system.

Participating Institutions

The research was conducted by scientists from Lowell Observatory (USA); the European Southern Observatory (Chile and Germany); INAF – National Institute for Astrophysics (Italy); Charles University, Faculty of Mathematics and Physics (Czech Republic); Large Binocular Telescope Observatory (USA); Université Côte d’Azur/Observatoire de la Côte d’Azur and CNRS (France); Command Module Observatory (USA); Florida Space Institute, University of Central Florida (USA); the STAR Institute, University of Liège (Belgium); BSA Osservatorio (Italy). The collaboration included researchers Kate Minker, Anthony Berdeu, Gianluca Li Causi, Josef Hanuš, Michaël Marsset, Al Conrad, Fernando Pedichini, Simone Antoniucci, Piero Vaccari, Nick Moskovitz, Benoit Carry, Tom Polakis, Marin Ferrais, Emmanuël Jehin, Roberto Bonamico, Rhiannon Hicks, Daejhanae Smith, M. Amine Miftah, and Ester Marini.

Image Caption
Adaptive-optics observations obtained with the Large Binocular Telescope’s SHARK-VIS instrument reveal the unusual shape of asteroid (44) Nysa. The asteroid appears highly concave and may consist of three connected lobes, making it a potential contact-binary object. Continuous observations on 15 February 2026 UTC, provided the most detailed view of Nysa to date.

About Lowell Observatory
Lowell Observatory is a private, nonprofit 501(c)(3) research institution, founded in 1894 by Percival Lowell atop Mars Hill in Flagstaff, Arizona. The observatory has been the site of many important discoveries, including the first detection of large recessional velocities (redshift) of galaxies by Vesto Slipher in 1912-1914 (a result that led ultimately to the realization that the universe is expanding), and the discovery of Pluto by Clyde Tombaugh in 1930. Today, the observatory’s scientists use ground-based telescopes around the world, telescopes in space, and NASA planetary spacecraft to conduct research in diverse areas of astronomy and planetary science. Lowell Observatory currently operates multiple research instruments at its Anderson Mesa station, east of Flagstaff, and the 4.3-meter Lowell Discovery Telescope near Happy Jack, Arizona. The observatory also welcomes more than 100,000 guests per year to its Mars Hill campus in Flagstaff, Arizona, for a variety of educational experiences, including historical tours, science presentations, and telescope viewing.

About European Southern Observatory
The European Southern Observatory (ESO) enables scientists worldwide to discover the secrets of the Universe for the benefit of all. We design, build and operate world-class observatories on the ground — which astronomers use to tackle exciting questions and spread the fascination of astronomy — and promote international collaboration for astronomy. Established as an intergovernmental organisation in 1962, today ESO is supported by 16 Member States (Austria, Belgium, Czechia, Denmark, France, Finland, Germany, Ireland, Italy, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom), along with the host state of Chile and with Australia as a Strategic Partner. ESO’s headquarters and its visitor centre and planetarium, the ESO Supernova, are located close to Munich in Germany, while the Chilean Atacama Desert, a marvellous place with unique conditions to observe the sky, hosts our telescopes. ESO operates three observing sites: La Silla, Paranal and Chajnantor. At Paranal, ESO operates the Very Large Telescope and its Very Large Telescope Interferometer, as well as survey telescopes such as VISTA. Also at Paranal, ESO will host and operate the south array of the Cherenkov Telescope Array Observatory, the world’s largest and most sensitive gamma-ray observatory. Together with international partners, ESO operates ALMA on Chajnantor, a facility that observes the skies in the millimetre and submillimetre range. At Cerro Armazones, near Paranal, we are building “the world’s biggest eye on the sky” — ESO’s Extremely Large Telescope. From our offices in Santiago, Chile we support our operations in the country and engage with Chilean partners and society.

About Large Binocular Telescope Observatory
The Large Binocular Telescope Observatory (LBTO) is located in southeastern Arizona near Safford in the Pinaleno Mountains on Emerald Peak. This area is part of the Coronado National Forest. LBTO is headquartered on the Tucson campus of the University of Arizona. The binocular design of the Large Binocular Telescope (LBT) has two identical 8.4-meter telescopes mounted side-by-side on a common altitude-azimuth mounting for a combined collecting area of a single 11.8-meter telescope. The entire telescope and enclosure are very compact by virtue of the fast focal ratio (F/1.14) of the primary mirrors. The two primary mirrors are separated by 14.4 meters center-to-center and provide an interferometric baseline of 22.8 meters edge-to-edge. The binocular design, combined with integrated adaptive optics utilizing adaptive Gregorian secondary mirrors to compensate for atmospheric phase errors, provides a large effective aperture, high angular resolution, low thermal background, and exceptional sensitivity for the detection of faint objects. The LBT is an international collaboration of the University of Arizona, Italy (INAF: Istituto Nazionale di Astrofisica), and The Ohio State University, representing also the University of Minnesota, the University of Virginia, and the University of Notre Dame.

About INAF- Italian National Institute for Astrophysics
The Italian National Institute for Astrophysics (INAF – Istituto Nazionale di Astrofisica) is Italy’s primary public research institution dedicated to the study of the Universe. Headquartered in Rome, INAF coordinates and manages scientific activities across 16 research units throughout the country, spanning observational astronomy, space physics, and planetary science. The institute plays a major role on the global scientific stage, designing cutting-edge technologies and state-of-the-art instrumentation for both ground-based facilities and international space missions. Through strategic partnerships with leading organizations such as the European Southern Observatory (ESO), ESA, and NASA, INAF researchers are actively involved in landmark endeavors, including the Large Binocular Telescope, James Webb Space Telescope, Euclid, and the SKA Observatory (SKAO). Beyond pioneering scientific discoveries, INAF is deeply committed to public outreach and fostering scientific culture to inspire future generations.

About Charles University, Faculty of Mathematics and Physics
The Faculty of Mathematics and Physics, Charles University, is a well respected higher education institution ranking among the most prominent academic institutions in the Czech Republic. Around four hundred students are awarded a degree every year and 100 percent of our alumni pursue a professional career within the field of their study. Degrees are offered in the subject areas of Mathematics, Physics, Computer Science, and in Education. Apart from supplying high-quality education in the first place, the Faculty also provides access to the latest trends and technologies. It guarantees the participation of the Czech Republic at the international research institute ILL Grenoble, enables experiments at the Trieste synchrotron, has a significant share in CERN.

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