Zacks Research Predicts Weaker Earnings for Lam Research

Lam Research Co. (NASDAQ:LRCX) – Equities research analysts at Zacks Research reduced their Q1 2026 EPS estimates for Lam Research in a research note issued to investors on Wednesday, February 19th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $0.92 for the quarter, down from their previous estimate of $0.95. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. Zacks Research also issued estimates for Lam Research’s Q2 2026 earnings at $0.92 EPS, Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $3.75 EPS and Q2 2027 earnings at $1.13 EPS.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%.

A number of other equities analysts also recently issued reports on LRCX. Wells Fargo & Company raised their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday. Finally, Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Lam Research Trading Up 1.6 %

Shares of NASDAQ:LRCX opened at $89.02 on Friday. Lam Research has a 52-week low of $68.87 and a 52-week high of $113.00. The stock has a market capitalization of $114.27 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock’s 50-day simple moving average is $78.27 and its two-hundred day simple moving average is $77.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LRCX. Vanguard Group Inc. boosted its stake in Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company’s stock valued at $8,724,498,000 after buying an additional 108,619,564 shares during the last quarter. FMR LLC raised its position in Lam Research by 1,032.6% during the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company’s stock valued at $2,891,453,000 after purchasing an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its position 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 worth $2,495,128,000 after buying an additional 31,255,726 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lam Research by 907.1% during the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company’s stock worth $2,265,610,000 after purchasing an additional 28,307,499 shares during the period. Finally, Norges Bank purchased a new position in shares of Lam Research during the fourth quarter valued at approximately $1,661,672,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is currently 27.95%.

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.