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Last updated 1 minute ago

LRCX·Lam Research Corporation

$.
+. (+.%)
After Hours
High
$324.25
Open
$322.00
Market Cap
398.84B
52W High
$333.33
Low
$316.81
P. Close
$318.52
P/E
59.46
52W Low
$79.49
Fwd P/E
189.78
Mean Target
-
Technical Score (1D)
86
BUY
News Sentiment
62
BULLISH
Lam Research CEO Tim Archer recently presented at the Bernstein Strategic Decisions Conference, highlighting the semiconductor capital equipment sector's recent acceleration, significantly driven by the AI boom. This commentary from leadership offers insights into the company's strategic outlook amidst these evolving market dynamics. In related institutional activity, the National Pension Service reduced its LRCX holdings by 5.9% in the fourth quarter, selling over 205,000 shares. However, this reduction contrasts with other institutional investors who have recently increased their positions in Lam Research. Investors are also monitoring Lam Research's stock performance relative to the Nasdaq composite, seeking to understand its relative strength within the broader semiconductor equipment sector. The key takeaway is that while institutional sentiment shows mixed signals, leadership commentary points to strong underlying industry tailwinds from AI. Investors should watch for further commentary on AI demand drivers and any shifts in institutional positioning.
Earnings Summary
Lam Research Corporation is a leading global provider of semiconductor manufacturing equipment, essential for the fabrication of integrated circuits that power modern electronics. Operating within the Technology sector's Semiconductor Equipment & Materials industry, the company designs, manufactures, and services advanced processing systems critical for chip production, serving key markets worldwide. Its product portfolio includes deposition, etch, and cleaning systems, vital for complex semiconductor designs and enabling technological advancements in the industry. In its recent earnings performance, Lam Research has demonstrated a consistent upward trend in both earnings per share (EPS) and revenue. Comparing the last two reported quarters, Q2 2026 saw actual EPS of $1.27 against an estimate of $1.19, with revenue at $5.34 billion against an estimate of $5.34 billion. This followed Q3 2026, where actual EPS was $1.47, exceeding the estimate of $1.36, and revenue reached $5.84 billion, surpassing the estimate of $5.76 billion. This indicates a pattern of exceeding analyst expectations for EPS in the most recent periods, with revenue also showing strong growth and meeting or beating estimates. Historically, Lam Research has shown a trajectory of year-over-year growth, with recent quarters consistently beating analyst estimates for EPS. For instance, Q2 2026 beat its estimate, and Q3 2026 also beat its estimate, continuing a positive beat pattern. The company has demonstrated revenue growth, with actual revenue figures generally aligning with or exceeding estimates in the periods where revenue data is available, suggesting a robust demand for its semiconductor manufacturing equipment. Recent news highlights Lam Research's strategic expansion into advanced chip-packaging technologies with a new research lab in Austria, focusing on increasing chip density and reducing costs for AI applications. This investment aligns with significant AI-driven spending trends in the semiconductor sector. The company is also integrating AI and sensing capabilities into its tools and reportedly planning operational expansions. Despite intensifying competition, Lam Research has seen positive analyst sentiment, with upgrades and raised price targets reflecting an optimistic outlook on wafer fabrication equipment spending, particularly driven by AI infrastructure and memory expansion. The company has also raised its 2026 WFE outlook, underscoring strong demand. Looking ahead, investors will be watching for Lam Research's continued execution in its strategic growth areas, particularly its advancements in AI-related technologies and chip-packaging solutions. Key will be the company's ability to maintain its market share and capitalize on the accelerating AI infrastructure investments and robust semiconductor capital spending. Monitoring the impact of its new research facilities and the competitive landscape within the wafer fabrication equipment market will be crucial for assessing future performance.

EPS

EstBeatMiss
$0.90$1.12$1.34$1.56$1.78Q1'25Q2'25Q3'25Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.67 - -
Q3'26$1.36$1.47+7.8%
Q2'26$1.19$1.27+6.3%
Q3'25$1.22$1.26+3.3%
Q2'25$1.21$1.33+10.4%
Q1'25$1.00$1.04+4.1%

Revenue

EstBeatMiss
$4.4B$5.1B$5.8B$6.4B$7.1BQ1'25Q2'25Q3'25Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$6.8B - -
Q3'26$5.8B$5.8B+1.5%
Q2'26$5.3B$5.3B+0.0%
Q3'25 - $5.3B -
Q2'25 - $5.2B -
Q1'25 - $4.7B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

LRCX Stock Snapshot

LRCX is currently trading at $317.75, giving Lam Research Corporation a market cap of 398.84B and a P/E ratio of 59.5. Today's range spans $316.81–$324.25, with shares opening at $322.00 and moving down $0.77 (0.2%) from the prior close. DailyIQ's technical score sits at 86/100 (BUY) with a news sentiment reading of 62/100.

Over the past year LRCX has traded between $79.49 and $333.33 - the current price is +299.7% off the 52-week low and -4.7% from the high.

LRCX is scoring 86/100 technically (BUY) and sits at $317.75 - near 52-week highs in its $79.49–$333.33 annual range. Sentiment at 62/100 is bullish. At 398.84B in Technology market cap The current P/E ratio stands at 59.5., this is the tier where earnings revision cycles have the most impact on price: upward revisions in a large-cap company with bullish momentum tend to attract analyst upgrades, which in turn attract new institutional mandates.

The combination of a BUY signal (86/100) and bullish news sentiment (62/100) puts LRCX on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 398.84B in Technology market cap without immediately moving the stock. At $317.75 (near 52-week highs in the $79.49–$333.33 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.