Lam Research (NASDAQ:LRCX) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Lam Research (NASDAQ:LRCX) posted its quarterly earnings results on Wednesday. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11, FiscalAI reports. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. Lam Research updated its Q4 2026 guidance to 1.500-1.800 EPS.

Lam Research Price Performance

NASDAQ:LRCX traded up $7.18 during trading hours on Wednesday, reaching $265.55. 9,698,838 shares of the company were exchanged, compared to its average volume of 11,297,503. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The firm has a market cap of $331.61 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 2.80 and a beta of 1.78. Lam Research has a twelve month low of $66.34 and a twelve month high of $273.50. The stock’s 50-day moving average is $233.19 and its 200-day moving average is $196.10.

Lam Research Announces Dividend

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

More Lam Research News

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

• Positive Sentiment: Q3 earnings and record revenue beat consensus, with strong margins and ROE — a clear catalyst supporting the share rally. Benzinga: Lam Research Stock Jumps On Q3 Record Revenue, Earnings
• Positive Sentiment: Raised Q4 2026 guidance (EPS 1.50–1.80 vs. ~1.45 consensus; revenue guide above ~$6.1B consensus) signals management expects continued demand — a primary reason investors are bidding the stock up. PR Newswire: Lam Research Reports Financial Results
• Positive Sentiment: Lam is participating in Tesla’s Terafab initiative to support chip production — strategic customer engagement that may drive multi-year equipment demand. Barchart: As Lam Research Joins the Tesla Terafab…
• Neutral Sentiment: Company filed formal press release and slide deck for the March quarter — useful for investors to validate guidance details, backlog commentary and customer mix but not a new catalyst by itself. Quarterly Press Release / Slide Deck
• Neutral Sentiment: Broader industry tailwinds from AI-driven chip demand (e.g., ASML strength) support equipment spending over time, indirectly benefiting Lam but not a company-specific surprise. Yahoo Finance: AI Boom Boosts ASML
• Negative Sentiment: Analyst caution about a sharp pre-earnings rally and the need for sustained demand could pressure shares if future quarters disappoint relative to the raised guide. Monitor order trends and book-to-bill for signs of weakening. Seeking Alpha: Lam Research faces earnings test after sharp rally

Insider Activity

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $232.50, for a total transaction of $930,000.00. Following the completion of the transaction, the insider directly owned 54,705 shares in the company, valued at $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in Lam Research during the 3rd quarter worth approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in Lam Research in the fourth quarter valued at $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the 2nd quarter worth about $29,000. Wilkerson Advisory Group LLC purchased a new stake in Lam Research during the 4th quarter worth about $33,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of Lam Research during the 4th quarter worth about $38,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LRCX shares. The Goldman Sachs Group set a $262.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, January 29th. TD Cowen lifted their price target on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of Lam Research in a report on Thursday, January 29th. Wells Fargo & Company raised their price objective on Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Argus upped their target price on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. 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, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $247.26.

About Lam Research

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.