Analysts Offer Predictions for Lam Research FY2026 Earnings

Lam Research Corporation (NASDAQ:LRCX) – Stock analysts at Cantor Fitzgerald raised their FY2026 earnings per share (EPS) estimates for Lam Research in a research report issued to clients and investors on Thursday, October 23rd. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor company will post earnings per share of $4.87 for the year, up from their previous forecast of $4.72. Cantor Fitzgerald currently has a “Overweight” rating and a $170.00 target price on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 61.89%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business posted $0.86 EPS. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS.

Several other equities research analysts have also commented on LRCX. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a report on Wednesday, October 8th. Morgan Stanley raised their target price on Lam Research from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.85.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $147.54 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research has a 12 month low of $56.32 and a 12 month high of $153.70. The company has a 50 day simple moving average of $122.19 and a two-hundred day simple moving average of $98.97. The stock has a market cap of $186.05 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 1.71 and a beta of 1.84.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in LRCX. Norges Bank acquired a new stake in Lam Research in the 2nd quarter valued at $1,894,585,000. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Lam Research during the first quarter worth about $604,344,000. JPMorgan Chase & Co. increased its stake in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock worth $417,242,000 after purchasing an additional 2,864,863 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.