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Lam Research (NASDAQ:LRCX) Releases Q2 2026 Earnings Guidance

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Key Points

  • Lam Research has issued its Q2 2026 earnings guidance with EPS expected between 1.050 and 1.250, surpassing the consensus estimate of 1.040.
  • The company also revised its revenue guidance to a range of $4.9 billion to $5.5 billion, compared to the consensus estimate of $4.8 billion.
  • Lam Research recently increased its quarterly dividend from $0.23 to $0.26 per share, reflecting a dividend yield of 0.7%.
  • Interested in Lam Research? Here are five stocks we like better.

Lam Research (NASDAQ:LRCX - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.050-1.250 for the period, compared to the consensus estimate of 1.040. The company issued revenue guidance of $4.9 billion-$5.5 billion, compared to the consensus revenue estimate of $4.8 billion.

Lam Research Stock Performance

LRCX stock traded down $3.79 during mid-day trading on Wednesday, reaching $141.25. 16,802,225 shares of the stock traded hands, compared to its average volume of 11,926,957. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research has a 52 week low of $56.32 and a 52 week high of $153.70. The business has a 50-day moving average of $120.69 and a two-hundred day moving average of $98.08. The firm has a market capitalization of $178.12 billion, a PE ratio of 33.95, a P/E/G ratio of 1.75 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LRCX. Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Monday. Barclays set a $142.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday. Erste Group Bank initiated coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Mizuho set a $162.00 price target on shares of Lam Research and gave the stock an "outperform" rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group increased their price target on shares of Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.04.

View Our Latest Stock Analysis on Lam Research

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the business's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.31% of the company's stock.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently modified their holdings of LRCX. Strategic Wealth Investment Group LLC bought a new stake in Lam Research in the 2nd quarter valued at about $29,000. Osterweis Capital Management Inc. lifted its stake in Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 781 shares during the last quarter. Caxton Associates LLP bought a new position in Lam Research in the 1st quarter valued at approximately $239,000. Gabelli Funds LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $253,000. Finally, Scott Marsh Financial LLC acquired a new position in Lam Research in the 2nd quarter valued at approximately $331,000. Institutional investors own 84.61% of the company's stock.

About Lam Research

(Get Free Report)

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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Earnings History and Estimates for Lam Research (NASDAQ:LRCX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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