Lam Research (NASDAQ:LRCX) Shares Up 18.1% Following Strong Earnings

Posted by Geri Gentry on Jul 30th, 2026

Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s stock price traded up 18.1% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $319.50 and last traded at $297.9930. 21,922,802 shares traded hands during trading, an increase of 92% from the average session volume of 11,436,080 shares. The stock had previously closed at $252.35.

The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is currently 19.62%.

More Lam Research News

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

Positive Sentiment: Record results and strong guidance: Lam reported quarterly revenue of $6.72 billion, up 30% year over year, and adjusted EPS of $1.82 versus the $1.69 consensus estimate. Management guided for fiscal first-quarter revenue of approximately $7.7 billion to $8.5 billion and EPS of $2.00 to $2.30, exceeding consensus expectations of roughly $7.0 billion and $1.81, respectively. Reuters article
Positive Sentiment: AI and memory demand are accelerating: Strong NAND-related revenue, expanding advanced packaging and wafer-fabrication demand, and record customer-support sales helped drive the quarter. Analysts characterized Lam’s opportunity heading into 2027 as an “extraordinary runway” tied to AI-driven semiconductor investment. Zacks article
Positive Sentiment: Analysts raised earnings expectations: Needham maintained a Buy rating and $390 price target while increasing its EPS estimates after Lam lifted its chip-equipment market outlook. Several other analysts’ targets remain materially above the recent trading level, supporting the bullish reaction. Benzinga article
Neutral Sentiment: Broader chip-sector rally: Lam’s report helped lift semiconductor stocks, alongside strong results from major technology companies and expectations of tighter memory supply. This broader enthusiasm may amplify gains but also makes the move more sensitive to sector sentiment. CNBC article
Negative Sentiment: Valuation and execution risks remain: Morgan Stanley and B. Riley lowered their price targets despite retaining positive ratings, while recent data shows substantial insider selling and some institutional position reductions. Investors must also monitor semiconductor cyclicality, China-related equipment restrictions and whether elevated AI spending persists.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane lifted their price objective on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn upped their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Erste Group Bank lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $358.47.

View Our Latest Stock Analysis on LRCX

Insider Buying and Selling

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. 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 a total of 98,611 shares of company stock valued at $32,250,190 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Institutional investors and hedge funds have recently made changes to their positions in the business. World Equity Group Inc. increased its position in Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after buying an additional 29 shares in the last quarter. Tenzing Financial LLC increased its holdings in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 34 shares in the last quarter. Gibraltar Capital Management Inc. raised its position in shares of Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 36 shares during the last quarter. Elevated Financial Group LLC boosted its stake in Lam Research by 3.0% in the 2nd quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company’s stock worth $530,000 after purchasing an additional 36 shares in the last quarter. Finally, Yoder Wealth Management Inc. increased its stake in Lam Research by 3.3% during the 2nd quarter. Yoder Wealth Management Inc. now owns 1,129 shares of the semiconductor company’s stock valued at $489,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $372.66 billion, a PE ratio of 56.23, a PEG ratio of 1.60 and a beta of 1.80. The firm’s fifty day simple moving average is $341.14 and its 200-day simple moving average is $275.79.

Lam Research Company Profile

(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.