Lam Research (LRCX) Projected to Post Quarterly Earnings on Wednesday

Lam Research (NASDAQ:LRCX) is expected to issue its Q2 2026 results after the market closes on Wednesday, January 28th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $5.2347 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, January 28, 2026 at 5:00 PM ET.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, analysts expect Lam Research to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lam Research Trading Down 0.2%

LRCX stock opened at $222.41 on Wednesday. The firm has a fifty day moving average price of $174.00 and a 200 day moving average price of $139.28. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $229.57. The firm has a market cap of $279.35 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 2.55 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,418 shares of company stock valued at $7,667,305. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Lam Research by 138.6% in the 3rd quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after purchasing an additional 2,056,749 shares in the last quarter. Caisse de depot et placement du Quebec increased its position in Lam Research by 164.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,568,579 shares of the semiconductor company’s stock valued at $343,933,000 after buying an additional 1,595,759 shares in the last quarter. Polar Capital Holdings Plc raised its stake in Lam Research by 105.2% in the third quarter. Polar Capital Holdings Plc now owns 2,856,262 shares of the semiconductor company’s stock valued at $382,453,000 after buying an additional 1,464,651 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Lam Research by 402.5% in the third quarter. Two Sigma Investments LP now owns 1,527,072 shares of the semiconductor company’s stock worth $204,475,000 after acquiring an additional 1,223,184 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in Lam Research by 32.4% in the second quarter. Rafferty Asset Management LLC now owns 4,754,011 shares of the semiconductor company’s stock worth $462,755,000 after acquiring an additional 1,163,546 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on LRCX shares. New Street Research lifted their price objective on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Citigroup lifted their price target on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Dbs Bank upped their price target on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Wells Fargo & Company set a $250.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada set a $260.00 target price on Lam Research in a research report on Wednesday, January 14th. Twenty-eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.23.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.