Answer

Detailed phasing of the $27 million Blue Foundry cost saves across Q2–Q4 (and one-time integration costs)

Fulton management stated that it is “very comfortable with that $27 million for the second, third and fourth quarter combined for Blue Foundry.” ¹ They also provided the key operational timing driver: “we will… [be] heavier in 2Q” because “we’re not planning for systems conversion until middle of July.” ¹

1) Baseline phasing embedded in the company’s commentary (Q2–Q4 totals = $27M)

Q2 + Q3 + Q4 combined: $27 million of Blue Foundry cost saves. ¹
Relative distribution: “a little bit heavier in 2Q.” ¹
Systems conversion timing constraint: management was explicit that systems conversion is not planned until middle of July, which contributes to the front-end heaviness and the later achievement of the target savings run rate. ¹

2) Run-rate achievement point that brackets when savings become “50%”

Management also gave a run-rate milestone tied to conversion and integration progress:

They expect to be “at our 50% cost save run rate by the end of fourth quarter.” ¹

This implies:

The program is expected to ramp through Q2 and Q3, with the final steps occurring into Q4 such that the organization reaches ~half of the eventual (implied) savings run rate by Q4 year-end. ¹

3) One-time integration costs vs. recurring cost saves (what the excerpts do and do not specify)

In the provided excerpts, management discusses:

One combined $27 million cost-savings amount for Q2–Q4. ¹
Integration/systems conversion timing (middle of July) affecting the quarter-to-quarter pattern. ¹
The company’s general GAAP vs. operating earnings difference being driven “primarily [by] acquisition-related expenses” (e.g., deposit intangible amortization and other nonoperating items). ²

However, the excerpts do not provide a quarter-by-quarter breakdown of:

Which portion of the $27 million is offset or netted against specific one-time integration costs, or
A separate schedule of one-time integration costs (amounts and timing) that would be used to reconcile gross savings to net savings after integration costs.

So, based strictly on the excerpts, the only clearly quantifiable “phasing” items are:

Total savings pool: $27M across Q2–Q4 combined. ¹
Ramp shape: heavier in Q2, with systems conversion delayed until mid-July. ¹
Run-rate milestone: reach 50% cost save run rate by end of Q4. ¹

What can be concluded numerically from the excerpts

Because management provided only:

a single total ($27M) for Q2–Q4 combined, ¹
a directional weighting (“heavier in 2Q”), ¹
and a run-rate milestone (50% by end of Q4), ¹

…the excerpts do not allow a precise numeric split like “Q2 = X, Q3 = Y, Q4 = Z” million.

They do, however, establish the framework of the phasing:

Q2: likely absorbs more of the $27M due to conversion timing and ramp dynamics, and is described as “a little bit heavier.” ¹
Q3: continues the ramp as integration progresses after the April close and leading toward systems conversion. ¹
Q4: is when the savings run rate reaches its stated milestone (50% by end of Q4), consistent with systems conversion occurring later (mid-July) and additional integration steps continuing through Q4. ¹

Bottom line

Fulton’s stated plan is $27 million total Blue Foundry cost saves across Q2+Q3+Q4, with the savings weighted more heavily in Q2. ¹
The ramp is constrained by systems conversion planned for mid-July, and management expects to reach a 50% cost-save run rate by the end of Q4. ¹
The excerpts do not provide a detailed schedule of one-time integration costs (amounts by quarter) or a net-of-one-time integration-costs reconciliation for the $27M savings; they only reference acquisition-related expenses in the GAAP-to-operating bridge generally. ²

If you need an actual $-by-quarter allocation (Q2 vs Q3 vs Q4) and a separate one-time integration costs schedule, that information is not contained in the provided excerpts.

References

Lam Research Corporation (LRCX) earnings transcript 2026 - Q3

Disclaimer: The output generated by dafinchi.ai, a Large Language Model (LLM), may contain inaccuracies or "hallucinations." Users should independently verify the accuracy of any mathematical calculations, numerical data, and associated units, as well as the credibility of any sources cited. The developers and providers of dafinchi.ai cannot be held liable for any inaccuracies or decisions made based on the LLM's output.

Lam Research Q3 2026 Guidance and Cost Savings Phasing Insights

Sources used

Research question

Answer

Detailed phasing of the $27 million Blue Foundry cost saves across Q2–Q4 (and one-time integration costs)

1) Baseline phasing embedded in the company’s commentary (Q2–Q4 totals = $27M)

2) Run-rate achievement point that brackets when savings become “50%”

3) One-time integration costs vs. recurring cost saves (what the excerpts do and do not specify)

What can be concluded numerically from the excerpts

Bottom line

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