What is KeyCorp’s Estimate for Lam Research FY2026 Earnings?

Lam Research Corporation (NASDAQ:LRCX) – Equities researchers at KeyCorp increased their FY2026 earnings per share (EPS) estimates for shares of Lam Research in a note issued to investors on Monday, September 22nd. KeyCorp analyst S. Barger now anticipates that the semiconductor company will earn $4.63 per share for the year, up from their previous estimate of $4.05. KeyCorp currently has a “Overweight” 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.

A number of other brokerages have also commented on LRCX. Raymond James Financial increased their price objective on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. TD Cowen raised their price target on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. B. Riley upped their target price on shares of Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup lifted their price target on shares of Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.35.

Lam Research Trading Down 0.1%

Shares of NASDAQ LRCX opened at $128.13 on Thursday. Lam Research has a 1-year low of $56.32 and a 1-year high of $133.57. The company has a 50-day moving average of $105.73 and a two-hundred day moving average of $89.73. The company has a market cap of $161.58 billion, a PE ratio of 30.80, a P/E/G ratio of 1.62 and a beta of 1.76. 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 (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS.

Institutional Investors Weigh In On Lam Research

Several hedge funds have recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $26,000. IMG Wealth Management Inc. bought a new position in Lam Research during the second quarter worth about $26,000. Howard Hughes Medical Institute acquired a new position in Lam Research in the second quarter valued at about $27,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Lam Research in the second quarter worth about $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Lam Research during the second quarter worth about $30,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

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.