Lam Research (NASDAQ:LRCX) Releases Q1 2027 Earnings Guidance

Posted by George Bondi on Jul 29th, 2026

Lam Research (NASDAQ:LRCX – Get Free Report) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.000-2.300 for the period, compared to the consensus earnings per share estimate of 1.810. The company issued revenue guidance of $7.7 billion-$8.5 billion, compared to the consensus revenue estimate of $7.0 billion.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Stifel Nicolaus boosted their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. Needham & Company LLC upped their price target on shares of Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Rothschild & Co Redburn raised their price objective on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $363.37.

Get Our Latest Stock Analysis on Lam Research

Lam Research Stock Down 6.4%

LRCX stock traded down $17.26 during mid-day trading on Wednesday, hitting $252.35. The stock had a trading volume of 15,979,888 shares, compared to its average volume of 11,361,557. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research has a 1-year low of $90.93 and a 1-year high of $438.50. The company has a fifty day moving average of $341.14 and a 200 day moving average of $275.79. The stock has a market capitalization of $315.58 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 1.73 and a beta of 1.80.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts expect that Lam Research will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 98,611 shares of company stock worth $32,250,190 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Key Stories Impacting Lam Research

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

Positive Sentiment: Upside guidance substantially exceeded expectations. Lam Research forecast fiscal first-quarter 2027 EPS of $2.00–$2.30 and revenue of $7.7 billion–$8.5 billion, compared with consensus estimates of $1.81 EPS and $7.0 billion revenue. Reuters article
Positive Sentiment: Quarterly results beat analyst estimates. The company reported $1.82 in EPS versus the $1.69 consensus and $6.72 billion in revenue versus expectations of $6.66 billion. Lam also reported a 30.94% net margin and 66.21% return on equity. Lam Research financial results
Positive Sentiment: AI-related demand remains the key growth catalyst. Management’s outlook reflects increased spending on AI data centers, advanced logic and memory, which is driving demand for Lam’s wafer-fabrication equipment. The stock had also benefited recently from expectations for strong semiconductor capital spending. Benzinga earnings article
Neutral Sentiment: Market conditions may be offsetting company-specific strength. U.S. equity indexes were under pressure ahead of major technology results and a Federal Reserve briefing, potentially weighing on LRCX alongside broader semiconductor-sector volatility. U.S. market update
Negative Sentiment: Investors may be taking profits after a substantial run-up. With LRCX trading at a high earnings multiple and having recently rallied on AI optimism, the strong results may have been largely anticipated, creating a “sell-the-news” reaction despite the guidance beat.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Triumph Capital Management increased its holdings in shares of Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 45 shares in the last quarter. Bank of Jackson Hole Trust lifted its holdings in Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after buying an additional 48 shares in the last quarter. Hoxton Planning & Management LLC boosted its position in Lam Research by 1.2% in the 4th quarter. Hoxton Planning & Management LLC now owns 4,452 shares of the semiconductor company’s stock valued at $762,000 after buying an additional 52 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of Lam Research by 21.4% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 374 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 66 shares during the period. Finally, FineMark National Bank & Trust raised its position in shares of Lam Research by 3.7% during the fourth quarter. FineMark National Bank & Trust now owns 1,992 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

(Get Free Report)

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.