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

Lam Research (NASDAQ:LRCX) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.250-1.450 for the period, compared to the consensus earnings per share 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 down $5.15 during mid-day trading on Friday, reaching $243.02. 4,299,675 shares of the company’s stock were exchanged, compared to its average volume of 13,473,882. The business’s fifty day simple moving average is $185.48 and its two-hundred day simple moving average is $145.09. The firm has a market capitalization of $305.24 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.77. Lam Research has a one year low of $56.32 and a one year high of $251.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 63.28% and a net margin of 30.22%.The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts anticipate that Lam Research will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LRCX shares. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a report on Thursday. Morgan Stanley raised their target price on shares of Lam Research from $211.00 to $244.00 and gave the company an “equal weight” rating in a research note on Thursday. Needham & Company LLC upped their price objective on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.32.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over 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 and strong guidance — LRCX reported $1.27 EPS vs. $1.17 expected and $5.34B revenue vs. $5.23B expected; management set Q3 EPS guidance of $1.25–1.45 and revenue above Street estimates, which underpins the rally in analyst optimism. Lam Research Reports Financial Results
• Positive Sentiment: Broad analyst upgrades and hefty target increases — many firms raised targets (examples include Wells Fargo, Deutsche, Needham, Stifel, UBS and others), citing AI-driven demand and strong bookings. That institutional bullishness supports longer-term upside. These Analysts Boost Their Forecasts On Lam Research
• Positive Sentiment: High-profile bank calls raise upside — large firms including JPMorgan and Citigroup lifted targets toward $300, and Wells Fargo/Deutsche Bank raised targets into the high $200s, signaling conviction that AI & foundry/NAND spending will sustain demand. Analyst price-target updates (Benzinga)
• Neutral Sentiment: Morgan Stanley lifted its price target to $244 but kept an equal-weight rating — a modestly constructive change that signals tempered enthusiasm relative to the highest bull calls. Price Target Raised to $244 at Morgan Stanley
• Neutral Sentiment: Some firms hold neutral stances — New Street moved its target to $235 and maintained neutral, reflecting upside/ downside balance near current levels. New Street Adjusts Price Target to $235
• Negative Sentiment: Some cautious notes and a hold rating — HSBC raised its target to $221 but kept a hold rating, implying downside from current levels and contributing to near-term selling pressure. HSBC Adjusts Price Target to $221
• Negative Sentiment: Valuation and volatility cautions — commentary from outlets (and a Forbes piece) warns that LRCX’s big run in 2025–26 raises valuation and pullback risk; investors may be taking profits after the sharp rally. Why Record Highs For LRCX May Face A Reality Check

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LRCX. Triumph Capital Management acquired a new stake in shares of Lam Research in the third quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research in the second quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $40,000. JPL Wealth Management LLC bought a new stake in Lam Research during the 3rd quarter worth approximately $46,000. Finally, Palisade Asset Management LLC purchased a new stake in Lam Research in the 3rd quarter worth approximately $65,000. 84.61% of the stock is owned by institutional investors and hedge funds.

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.