Lam Research (LRCX) Expected to Post Earnings on Wednesday

Key Points

• Lam Research is expected to report Q1 fiscal 2027 results on October 21 after market close, with analysts forecasting $2.18 in EPS and $8.13 billion in revenue—within the company’s $2.00–$2.30 EPS guidance range.
• The company’s previous quarter exceeded expectations, posting $1.82 EPS versus the $1.69 consensus and $6.72 billion in revenue, up 30% year over year. Analysts project fiscal-year EPS of $9.34.
• Despite recent semiconductor-equipment sector profit-taking and reported insider selling, Lam Research maintains a “Moderate Buy” consensus rating with an average price target of $364.59; it also raised its quarterly dividend to $0.33 per share.

Lam Research (NASDAQ:LRCX - Get Free Report) is anticipated to issue its Q1 2027 results after the market closes on Wednesday, October 21st. Analysts expect Lam Research to announce earnings of $2.18 per share and revenue of $8.13 billion for the quarter. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Individuals may review the information on the company's upcoming Q1 2027 earnings report page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 5:00 PM ET.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. On average, analysts expect Lam Research to post $9.34 EPS for the current fiscal year and $11.43 EPS for the next fiscal year.

Lam Research Stock Down 2.7%

LRCX opened at $301.11 on Wednesday. The stock has a market cap of $376.82 billion, a PE ratio of 53.19, a P/E/G ratio of 1.23 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research has a 52 week low of $134.04 and a 52 week high of $438.50. The business's fifty day simple moving average is $310.95 and its 200 day simple moving average is $307.35.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.4%. This is an increase from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. Lam Research's dividend payout ratio is presently 22.92%.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Morgan Stanley reissued an "overweight" rating and set a $385.00 price objective (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. B. Riley Financial boosted their target price on Lam Research from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Finally, HSBC restated a "hold" rating and issued a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $364.59.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. This trade represents a 31.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 5,000 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is owned by company insiders.

Lam Research News Roundup

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

• Positive Sentiment: Higher price target: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s earnings outlook and potential upside. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Improving earnings estimates: Erste Group Bank raised its FY2027 EPS forecast for LRCX to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68. The revisions support the view that demand for wafer-fabrication equipment should remain strong.
• Positive Sentiment: Constructive outlook ahead of earnings: Analysts expect Lam Research, Texas Instruments and Western Digital to deliver strong results and guidance. Lam’s latest quarter already featured record revenue, operating margin and EPS, while management guided to another strong quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
• Neutral Sentiment: Broad sector profit-taking: Applied Materials, Lam Research and KLA all declined as investors reduced exposure to semiconductor-equipment shares following a substantial AI-fueled advance and ahead of major industry earnings reports. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
• Negative Sentiment: Insider selling: Quiver Quantitative reported 55 insider sales and no insider purchases over the past six months, including sales by CEO Timothy Archer and other senior executives. While such transactions may reflect compensation or diversification, the one-sided pattern can weigh on sentiment. Why Lam Research Stock Is Down Today

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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