What is B. Riley's Estimate for Lam Research Q2 Earnings?

Key Points

• B. Riley has increased its Q2 2026 earnings per share estimate for Lam Research to $1.06, up from the previous estimate of $0.94, maintaining a "Buy" rating and a price target of $115.00.
• Lam Research reported earnings of $1.33 per share in its last quarter, exceeding analysts' expectations of $1.21 and achieving revenue of $5.17 billion, which was also above projections.
• The stock of Lam Research has received a mix of ratings from analysts, with 20 "buy" ratings and a current average target price of $107.09.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Stock analysts at B. Riley lifted their Q2 2026 earnings per share (EPS) estimates for shares of Lam Research in a research note issued to investors on Thursday, July 31st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $1.06 per share for the quarter, up from their prior estimate of $0.94. B. Riley currently has a "Buy" rating and a $115.00 target price on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share. B. Riley also issued estimates for Lam Research's Q3 2026 earnings at $1.02 EPS and Q4 2026 earnings at $1.07 EPS.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS.

A number of other analysts have also recently weighed in on LRCX. TD Securities decreased their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI raised their price objective on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Citigroup raised their price target on Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Oppenheimer raised their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $107.09.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $1.73 during trading hours on Monday, reaching $96.68. The stock had a trading volume of 10,675,545 shares, compared to its average volume of 11,016,984. The firm has a market cap of $123.67 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.29 and a beta of 1.65. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $102.59. The firm has a 50-day moving average of $94.31 and a 200-day moving average of $82.57.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently modified their holdings of LRCX. Vanguard Group Inc. raised its stake in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares in the last quarter. FMR LLC grew its position in shares of Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after acquiring an additional 36,496,689 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Lam Research by 950.5% in the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after acquiring an additional 31,255,726 shares during the period. Invesco Ltd. boosted its stake in Lam Research by 2.8% in the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after acquiring an additional 472,636 shares during the period. Finally, Northern Trust Corp boosted its stake in Lam Research by 1,067.0% in the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after acquiring an additional 14,509,407 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research's payout ratio is presently 22.12%.

Lam Research Company Profile

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.