Lam Research (LRCX) to Release Quarterly Earnings on Wednesday

Lam Research (NASDAQ:LRCX) is expected to announce its Q3 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.35 per share and revenue of $5.70 billion for the quarter. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Parties are encouraged to explore the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Wednesday, April 22, 2026 at 5:00 PM ET.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts expect Lam Research to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Lam Research Price Performance

LRCX opened at $263.16 on Tuesday. The company’s 50 day simple moving average is $232.56 and its 200 day simple moving average is $195.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research has a 1 year low of $61.14 and a 1 year high of $273.50. The stock has a market capitalization of $328.63 billion, a PE ratio of 53.93, a P/E/G ratio of 2.85 and a beta of 1.78.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research analyst reports. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $300.00 price target on shares of Lam Research in a research report on Wednesday, April 15th. Stifel Nicolaus lifted their price target on shares of Lam Research from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Finally, Citigroup lifted their price target on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $247.26.

Insider Buying and Selling at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of hedge funds have recently made changes to their positions in LRCX. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after purchasing an additional 10,666,540 shares during the period. AQR Capital Management LLC raised its stake in shares of Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock valued at $472,294,000 after purchasing an additional 2,056,749 shares during the period. Caisse de depot et placement du Quebec raised its stake in shares of Lam Research by 164.0% during the third 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 purchasing an additional 1,595,759 shares during the period. Polar Capital Holdings Plc raised its stake in shares of Lam Research by 105.2% during 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 purchasing an additional 1,464,651 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Lam Research by 402.5% during the third quarter. Two Sigma Investments LP now owns 1,527,072 shares of the semiconductor company’s stock valued at $204,475,000 after purchasing an additional 1,223,184 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.