Q1 Earnings Forecast for Lam Research Issued By KeyCorp

Key Points

• KeyCorp projects that Lam Research will report an earnings per share (EPS) of $1.23 for Q1 2026, with a price target of $115.00 and an "Overweight" rating.
• The company plans to increase its quarterly dividend to $0.26 per share, up from $0.23, to be paid on October 15.
• Wall Street analysts maintain a positive outlook with 20 Buy ratings and 7 Hold ratings for Lam Research, indicating strong confidence in its performance.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Stock analysts at KeyCorp issued their Q1 2026 EPS estimates for shares of Lam Research in a research note issued on Monday, September 22nd. KeyCorp analyst S. Barger forecasts that the semiconductor company will post earnings per share of $1.23 for the quarter. KeyCorp has a "Overweight" rating and a $115.00 price target on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share. KeyCorp also issued estimates for Lam Research's Q2 2026 earnings at $1.02 EPS.

A number of other research firms have also issued reports on LRCX. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Saturday. TD Cowen upped their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their target price on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Mizuho boosted their target price on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, Needham & Company LLC increased their price target on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average target price of $109.39.

Lam Research Stock Down 0.2%

NASDAQ LRCX opened at $131.93 on Wednesday. The business has a fifty day moving average price of $104.62 and a 200 day moving average price of $89.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market cap of $166.37 billion, a P/E ratio of 31.71, a P/E/G ratio of 1.69 and a beta of 1.76. Lam Research has a one year low of $56.32 and a one year high of $133.57.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS.

Institutional Trading of Lam Research

A number of institutional investors and hedge funds have recently bought and sold shares of LRCX. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research during the 2nd quarter worth approximately $27,000. Strategic Wealth Investment Group LLC purchased a new position in Lam Research in the 2nd quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Lam Research in the second quarter worth $30,000. Finally, REAP Financial Group LLC purchased a new stake in shares of Lam Research during the second quarter worth $31,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Lam Research's dividend payout ratio (DPR) is 25.00%.

About Lam Research

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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