Lam Research (NASDAQ:LRCX) Updates Q4 2026 Earnings Guidance

Lam Research (NASDAQ:LRCX) updated its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.500-1.800 for the period, compared to the consensus earnings per share estimate of 1.450. The company issued revenue guidance of $6.2 billion-$7.0 billion, compared to the consensus revenue estimate of $6.1 billion.

Analyst Ratings Changes

Several brokerages have weighed in on LRCX. Morgan Stanley lifted their target price on Lam Research from $254.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 6th. B. Riley Financial reiterated a “buy” rating on shares of Lam Research in a research note on Monday. Argus lifted their target price on Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Citic Securities lifted their target price on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Citigroup lifted their price target on Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $247.26.

Lam Research Price Performance

Shares of Lam Research stock traded up $7.18 during trading on Wednesday, reaching $265.55. The company’s stock had a trading volume of 9,659,305 shares, compared to its average volume of 11,293,812. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. Lam Research has a 12-month low of $66.34 and a 12-month high of $273.50. The company has a market capitalization of $331.61 billion, a P/E ratio of 54.42, a price-to-earnings-growth ratio of 2.80 and a beta of 1.78. The business has a 50 day moving average price of $233.19 and a 200-day moving average price of $196.10.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.12. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that Lam Research will post 5.3 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s payout ratio is currently 21.31%.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider directly owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. This represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Earnings beat — Lam reported $1.47 EPS vs. $1.35 consensus and $5.84B revenue vs. $5.70B expected; strong margins and ROE reinforce profit leverage. Lam Research Q1 press release Earnings slide deck
• Positive Sentiment: Strategic win — Lam is tapped to support Tesla’s Terafab chip production, a potential multi-year equipment revenue stream if the fab program scales. Terafab participation article
• Neutral Sentiment: Broader industry tailwinds — ASML’s strong results and continued EUV adoption underscore ongoing capital intensity in lithography and the wider chip-equipment cycle that benefits Lam indirectly. ASML industry outlook
• Neutral Sentiment: M&A and supply-chain context — industry deals (Axcelis-Veeco) and new hires across the semiconductor ecosystem signal consolidation and talent flows that could reshape competitive dynamics over time. Axcelis-Veeco merger analysis
• Neutral Sentiment: Pre-earnings coverage and expectations — recent previews outlined key metrics investors focused on ahead of the print (bookings, margin cadence); with results in, attention shifts to guidance and order trends. Q1 expectations preview
• Neutral Sentiment: Adjacent industry hires — appointment of semiconductor veteran Rick Gottscho to MetOx’s board highlights cross-industry expertise moves but has limited direct impact on Lam. MetOx board appointment
• Negative Sentiment: Valuation and rally risk — analysts warn Lam faces an earnings test after a sharp run-up; any guidance shortfall or weaker-than-expected bookings could pressure the stock. Seeking Alpha caution piece

Hedge Funds Weigh In On Lam Research

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Lam Research in the fourth quarter worth $85,000. Bank of Jackson Hole Trust raised its holdings in shares of Lam Research by 12.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 48 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of Lam Research in the third quarter worth $68,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Lam Research by 21.4% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 374 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 66 shares during the last quarter. 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.