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 research firms recently weighed in on LRCX. Barclays raised their target price on shares of Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. HSBC raised their target price on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. Evercore set a $275.00 target price on shares of Lam Research in a research note on Thursday, January 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $320.00 target price (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $247.26.

Lam Research Stock Performance

Lam Research stock traded up $7.18 during mid-day trading on Wednesday, hitting $265.55. 9,585,658 shares of the company’s stock traded hands, compared to its average volume of 11,293,812. The firm has a 50 day simple moving average of $233.19 and a two-hundred day simple moving average of $196.10. Lam Research has a fifty-two week low of $66.34 and a fifty-two week high of $273.50. The stock has a market cap of $331.61 billion, a price-to-earnings ratio of 54.42, a P/E/G ratio of 2.80 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.84 billion during 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. On average, research analysts expect that Lam Research will post 5.3 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders 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 dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at $11,846,625.30. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. 0.31% of the stock is currently owned by insiders.

Key Lam Research News

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

Institutional Investors Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new stake in shares of Lam Research during the fourth quarter worth $27,000. Van Diest Capital LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $207,000. Compound Planning Inc. lifted its holdings in shares of Lam Research by 6.6% during the fourth quarter. Compound Planning Inc. now owns 15,624 shares of the semiconductor company’s stock worth $2,674,000 after buying an additional 973 shares in the last quarter. TMB Capital Partners LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $381,000. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Lam Research by 140.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 32,807 shares of the semiconductor company’s stock worth $5,616,000 after buying an additional 19,142 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.