Lam Research (LRCX) to Release Quarterly Earnings on Wednesday

Key Points

• Q3 2026 earnings set for April 22, 2026 after the close: analysts expect about $1.35 EPS and $5.70 billion in revenue, while Lam guided Q3 EPS of $1.25–$1.45.
• Lam recently beat estimates (Q last quarter EPS $1.27 vs $1.17) with revenue up 22.1% year‑over‑year and strong margins, and several firms have raised price targets (e.g., Cantor Fitzgerald $320, Stifel $300), leaving a consensus bias of "Moderate Buy."
• Valuation and insider activity pose risks: the stock has rallied sharply (~91% in six months) trading at a high PE (~55.8), and insiders sold roughly $29.7M of shares recently, which could pressure the shares if demand or capex momentum cools.

Lam Research (NASDAQ:LRCX - Get Free Report) will likely be issuing its Q3 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.35 per share and revenue of $5.70 billion for the quarter. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Interested persons may visit the the company's upcoming Q3 2026 earning results page for the latest details on the call scheduled for Wednesday, April 22, 2026 at 5:00 PM ET.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research's revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts expect Lam Research to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lam Research Stock Performance

Shares of LRCX opened at $272.41 on Wednesday. The firm has a 50-day moving average price of $229.09 and a 200 day moving average price of $191.77. The firm has a market capitalization of $340.18 billion, a PE ratio of 55.82, a P/E/G ratio of 2.85 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. Lam Research has a 52-week low of $61.14 and a 52-week high of $273.50.

Lam Research Announces Dividend

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

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Stifel Nicolaus raised its price target on LRCX to $300 and kept a Buy rating, signaling continued analyst confidence and adding near-term buying support. Stifel adjusts price target on Lam Research to $300 from $280, maintains buy rating
• Positive Sentiment: Analyst coverage highlights Lam’s strong earnings-surprise history and conditions that suggest it could beat consensus again next quarter — bullish for sentiment ahead of the next report. Will Lam Research (LRCX) Beat Estimates Again in Its Next Earnings Report? Will Lam Research (LRCX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Broader semiconductor/AI infrastructure demand is pushing the sector toward all-time highs, lifting sentiment for leading equipment suppliers like Lam. That sector tailwind supports further upside if AI capex remains strong. The Semiconductor Sector Is Hitting All-Time Highs: 2 Stocks Leading the Charge (LRCX)
• Neutral Sentiment: Analysts and outlets are highlighting tools (Zacks Earnings ESP) and screening techniques investors can use to identify potential earnings beats; this is informational and may modestly influence short-term flows around earnings. Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
• Neutral Sentiment: Recent coverage noting LRCX’s outperformance versus the broader market explains part of the rally but is mainly descriptive — useful context for momentum traders rather than a new fundamental catalyst. Lam Research (LRCX) Laps the Stock Market: Here's Why Lam Research (LRCX) Laps the Stock Market: Here's Why
• Negative Sentiment: Some analysts caution that LRCX has run up (~91% in six months per coverage) and now trades at a premium; that valuation risk could prompt profit-taking or slower gains if revenue/capex momentum softens. Should You Still Hold LRCX Stock Despite a 91% Rally in Six Months?

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares of the company's stock, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

A number of institutional investors and hedge funds have recently bought and sold shares of LRCX. Triumph Capital Management purchased a new stake in Lam Research during the third quarter valued at about $27,000. Mcguire Capital Advisors Inc. purchased a new stake in Lam Research during the fourth quarter valued at about $27,000. Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the second quarter valued at about $29,000. Wilkerson Advisory Group LLC purchased a new stake in Lam Research during the fourth quarter valued at about $33,000. Finally, Jessup Wealth Management Inc purchased a new stake in Lam Research during the fourth quarter valued at about $38,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LRCX. Cantor Fitzgerald reiterated an "overweight" rating and issued a $320.00 target price (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Citigroup increased their target price on shares of Lam Research from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research report on Friday. Morgan Stanley increased their target price on shares of Lam Research from $254.00 to $260.00 and gave the company an "equal weight" rating in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $246.94.

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.

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