Analysts Set Expectations for Lam Research FY2026 Earnings

Lam Research Corporation (NASDAQ:LRCX) – Research analysts at Erste Group Bank increased their FY2026 EPS estimates for Lam Research in a report released on Wednesday, February 18th. Erste Group Bank analyst S. Lingnau now expects that the semiconductor company will post earnings of $5.31 per share for the year, up from their previous estimate of $5.30. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. Erste Group Bank also issued estimates for Lam Research’s FY2027 earnings at $7.00 EPS.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business posted $0.91 EPS. Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS.

A number of other equities research analysts have also recently issued reports on LRCX. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a research report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 price objective on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, January 29th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Finally, Dbs Bank lifted their price target on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.88.

Lam Research Stock Up 3.2%

Shares of NASDAQ LRCX opened at $244.92 on Monday. 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 current ratio of 2.26 and a quick ratio of 1.61. The business’s fifty day moving average price is $209.11 and its 200-day moving average price is $160.75. The stock has a market capitalization of $305.85 billion, a PE ratio of 50.19, a P/E/G ratio of 2.63 and a beta of 1.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LRCX. Cambient Family Office LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $560,000. McLaughlin Asset Management Inc. bought a new stake in Lam Research in the 4th quarter worth approximately $2,315,000. White Knight Strategic Wealth Advisors LLC boosted its stake in Lam Research by 1.0% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 16,470 shares of the semiconductor company’s stock worth $2,819,000 after buying an additional 164 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in Lam Research during the fourth quarter valued at approximately $27,000. Finally, Van Diest Capital LLC purchased a new position in shares of Lam Research during the fourth quarter worth approximately $207,000. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Key Lam Research News

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

• Positive Sentiment: TD Cowen raised its price target sharply to $290 (from $170) and kept a Buy rating, highlighting the large 2026 WFE market opportunity that benefits Lam. Is Lam Research (LRCX) One of the Best Growth Stocks to Buy for the Next 20 Years?
• Positive Sentiment: BofA’s Vivek Arya named Lam his top semiconductor-equipment pick, citing a projected ~$135B industry spending surge in 2026 as AI demand forces multi-year factory investment — a direct tailwind for Lam’s tools. Lam Research Named Top Semiconductor Pick As AI-Driven Manufacturing Supercycle Shifts Into High Gear
• Positive Sentiment: Lam’s Boise expansion strengthens its operational ties with Micron and positions the company to capture increased demand for AI memory production equipment. This local expansion is being read as evidence of customers ramping capacity. Lam Research Boise Expansion Deepens Micron Ties In AI Memory Cycle
• Positive Sentiment: Multiple bullish write-ups argue Lam has durable growth attributes that could drive strong multi-year returns, reinforcing investor conviction around the AI/memory-driven cycle. 3 Reasons Growth Investors Will Love Lam Research (LRCX) 3 Reasons Growth Investors Will Love Lam Research (LRCX) Is Lam Research (LRCX) One of the Best Growth Stocks to Buy for the Next 20 Years?
• Neutral Sentiment: A report about Japan’s Toto (a supplier to chip-equipment makers) and activist interest may signal broader supply‑chain positioning for chip-equipment suppliers, but it’s peripheral to Lam’s core demand drivers. This Toilet Stock Is Surging as an AI Bet. An Activist Sees More Gains.
• Neutral Sentiment: Two short-interest data entries in the feed show zero or inconsistent values (0 shares / NaN), which appears to be a reporting/data issue rather than a meaningful change in betting against the stock. Monitor reliable short-interest releases for any real pressure.
• Neutral Sentiment: Articles discussing the evolving Lam narrative compile the above themes (upgraded targets, expansion, AI cycle) — useful context but largely reiterative rather than new catalysts. How The Narrative Around Lam Research (LRCX) Is Evolving With New Forecasts And Expansion Moves

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.