Equities Analysts Issue Forecasts for Lam Research Co.’s Q1 2026 Earnings (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX) – Equities researchers at Zacks Research boosted their Q1 2026 EPS estimates for shares of Lam Research in a research note issued to investors on Thursday, April 18th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $9.08 per share for the quarter, up from their prior forecast of $9.02. The consensus estimate for Lam Research’s current full-year earnings is $28.92 per share. Zacks Research also issued estimates for Lam Research’s Q2 2026 earnings at $9.94 EPS.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $10.71 earnings per share. The business’s revenue was down 28.8% on a year-over-year basis.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Cantor Fitzgerald upped their target price on shares of Lam Research from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Susquehanna upped their target price on shares of Lam Research from $655.00 to $880.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. B. Riley upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and upped their target price for the stock from $870.00 to $1,100.00 in a research note on Friday. Finally, UBS Group increased their price target on shares of Lam Research from $885.00 to $1,130.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $931.85.

Lam Research Stock Performance

LRCX opened at $868.07 on Monday. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average price is $944.64 and its two-hundred day moving average price is $804.00. Lam Research has a 1-year low of $493.42 and a 1-year high of $1,007.39. The company has a market cap of $113.80 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.15 and a beta of 1.51.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders have sold 7,029 shares of company stock worth $6,559,489 over the last ninety days. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LRCX. Raymond James Financial Services Advisors Inc. boosted its holdings in Lam Research by 20.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 38,857 shares of the semiconductor company’s stock valued at $37,752,000 after acquiring an additional 6,701 shares in the last quarter. Nilsine Partners LLC boosted its holdings in Lam Research by 1.6% in the first quarter. Nilsine Partners LLC now owns 11,504 shares of the semiconductor company’s stock valued at $11,177,000 after acquiring an additional 185 shares in the last quarter. Bay Rivers Group boosted its holdings in Lam Research by 4.3% in the first quarter. Bay Rivers Group now owns 2,291 shares of the semiconductor company’s stock valued at $2,226,000 after acquiring an additional 94 shares in the last quarter. PFG Investments LLC boosted its holdings in Lam Research by 678.4% in the first quarter. PFG Investments LLC now owns 2,553 shares of the semiconductor company’s stock valued at $2,480,000 after acquiring an additional 2,225 shares in the last quarter. Finally, Altfest L J & Co. Inc. bought a new stake in Lam Research in the first quarter valued at $255,000. Institutional investors own 84.61% of the company’s stock.

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.