Lam Research (NASDAQ:LRCX) Issues Q3 2026 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.250-1.450 for the period, compared to the consensus estimate of 1.200. The company issued revenue guidance of $5.4 billion-$6.0 billion, compared to the consensus revenue estimate of $5.3 billion.

Lam Research Stock Performance

NASDAQ LRCX traded up $1.12 during trading hours on Wednesday, hitting $239.58. The company had a trading volume of 15,391,174 shares, compared to its average volume of 13,794,181. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The company has a market cap of $300.92 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77. Lam Research has a 1-year low of $56.32 and a 1-year high of $243.99. The business has a 50 day moving average of $181.49 and a 200-day moving average of $143.70.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.12. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities research analysts expect that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Analysts Set New Price Targets

A number of research firms have weighed in on LRCX. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. New Street Research boosted their target price on shares of Lam Research from $140.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Mizuho set a $265.00 price target on Lam Research in a research report on Wednesday. Dbs Bank upped their target price on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $260.00 price objective (up previously from $195.00) on shares of Lam Research in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.26.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,408 shares of company stock worth $6,248,501. Insiders own 0.31% of the company’s stock.

Trending Headlines about Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Q2 results beat expectations — Lam reported $1.27 EPS (vs. ~$1.15–1.17 consensus) and revenue of $5.34B (vs. ~$5.23B), showing margin strength and strong profitability metrics. Lam Research (LRCX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management guided Q3 revenue above Wall Street expectations and cited stronger orders for chipmaking tools as customers ramp capacity — a direct driver for near-term revenue growth. Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Official press release and conference materials confirm results and guidance — investors had access to the full release and call, supporting the strong market reaction. Lam Research Corporation Reports Financial Results for the Quarter Ended December 28, 2025
• Positive Sentiment: Analyst/market momentum: upgrades and bullish notes (Evercore ISI, other coverage) and commentary (Jim Cramer highlighting supply tightness) amplified buying interest. Lam Research (NASDAQ:LRCX) Stock Price Up 2.3% After Analyst Upgrade
• Neutral Sentiment: Market previews and live analyses framed expectations ahead of the print; coverage helped set the narrative but didn’t add new fundamentals by itself. Lam Research Earnings Preview: What to Watch When LRCX Reports After the Bell
• Negative Sentiment: Geopolitical and China exposure are flagged as headwinds in some coverage — management must navigate regional risks that could dampen demand or create supply-chain constraints. Lam Research leans on AI tailwinds as China weighs on outlook
• Negative Sentiment: Valuation and volatility caution — analysts and commentary note LRCX’s history of sharp corrections (multiple >30% drops) and suggest record highs could be followed by pullbacks, raising risk for short-term traders. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

Institutional Trading of Lam Research

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the last quarter. First Foundation Advisors acquired a new position in Lam Research in the 3rd quarter valued at approximately $236,000. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Lam Research during the 3rd quarter worth about $208,000. Turning Point Benefit Group Inc. acquired a new position in Lam Research in the third quarter valued at $152,000. Finally, Seldon Capital LP acquired a new stake in Lam Research during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.