Lam Research (LRCX) Projected to Release Earnings on Wednesday

Lam Research (NASDAQ:LRCX) will likely be announcing its Q1 2027 results after the market closes on Wednesday, October 21st. Analysts expect the company to post earnings of $2.18 per share and revenue of $8.14 billion for the quarter. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Individuals are encouraged to explore the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 5:00 PM ET.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year. 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 Price Performance

Shares of LRCX opened at $272.20 on Tuesday. Lam Research has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The company has a market capitalization of $340.64 billion, a price-to-earnings ratio of 45.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. The firm has a 50-day simple moving average of $308.34 and a 200-day simple moving average of $309.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were given a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.5%. Lam Research’s payout ratio is presently 22.92%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several analyst reports. HSBC reaffirmed a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Susquehanna reissued a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $390.00 target price on shares of Lam Research in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $366.36.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Deutsche Bank expects strong earnings. The investment firm reportedly raised its outlook ahead of this week’s results, helping support LRCX as analysts anticipate resilient demand and potentially favorable guidance. Lam Research Stock Jumps Ahead of This Week’s Earnings – Here’s Why
• Positive Sentiment: AI and memory-chip demand remain key growth drivers. Expectations for increased DRAM spending, advanced packaging and AI-related semiconductor production are supporting forecasts for higher revenue and free cash flow in the upcoming quarter. LRCX to Report Q1 Earnings: Should You Buy, Hold or Sell the Stock?
• Positive Sentiment: Analysts see substantial upside after the sector selloff. One respected Wall Street firm reportedly set a highly optimistic price target, arguing that Lam Research’s fundamentals have held up despite the broader semiconductor downturn. Lam Research Imploded By 20% in the Last 3 Months
• Neutral Sentiment: Fiscal first-quarter earnings are due October 21. Investors are positioning ahead of the report, with expectations for revenue and free cash flow growth. The results, outlook and commentary on memory spending will likely determine whether the recent rebound can continue. Lam Research Releases Its Fiscal Q1 Results Next Week
• Neutral Sentiment: Service revenue provides some stability. Lam reported $2.47 billion in customer-support-related revenue and other revenue in its latest quarter, highlighting a recurring-business component that may cushion equipment-cycle volatility. However, comparisons with ASML’s service revenue are not directly equivalent. ASML vs. Lam Research: How Much Protection Does Service Revenue Really Provide?
• Negative Sentiment: Technical and positioning risks remain. Chart analysis points to possible additional downside after a sharp recent decline, while reports of ETF net selling indicate some institutional pressure. Elevated valuation and the risk of disappointing earnings or guidance could limit gains. Lam Research Stock: Wyckoff Points to More Downside

Insider Activity

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade 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.

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.