Lam Research (NASDAQ:LRCX) Announces Q2 2027 Earnings Guidance

Lam Research (NASDAQ:LRCX) updated its second quarter 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.180-2.480 for the period, compared to the consensus earnings per share estimate of 2.300. The company issued revenue guidance of $8.2 billion-$9.0 billion, compared to the consensus revenue estimate of $8.5 billion.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LRCX shares. TD Cowen reiterated a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Evercore set a $315.00 target price on shares of Lam Research in a report on Tuesday. Susquehanna reaffirmed a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $400.00 target price (down from $425.00) on shares of Lam Research in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.55.

Lam Research Stock Up 0.4%

NASDAQ:LRCX traded up $0.99 on Friday, hitting $231.14. 6,128,415 shares of the company’s stock traded hands, compared to its average volume of 10,724,875. The company has a market cap of $289.26 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $303.94 and a 200-day moving average price of $309.88. Lam Research has a 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 76.78%. The business had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Lam Research’s revenue for the quarter was up 54.4% compared to the same quarter last year. Equities analysts anticipate that Lam Research will post 9.35 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a $0.33 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 23rd. Lam Research’s payout ratio is 22.92%.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Lam Research reported record fiscal Q1 revenue of $8.22 billion, up 54.4% year over year, and adjusted EPS of $2.20, narrowly beating consensus estimates. Operating margin exceeded 40% for the first time, supported by strong systems sales, NAND demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains
• Positive Sentiment: Management sees wafer-fabrication-equipment spending exceeding $200 billion in 2027, fueled by AI infrastructure, memory upgrades and advanced-node manufacturing. Longer-term opportunities include growing Aether dry-resist revenue and more than 30% annual growth in the Customer Support Business Group. LRCX Q1 Earnings Call Highlights $200B-Plus WFE Outlook for 2027
• Positive Sentiment: Some analysts remain bullish: Bank of America issued a Buy rating, while Erste Group raised its FY2027 EPS estimate to $9.46 and FY2028 estimate to $12.08. ETFs also reported buying Lam Research shares, potentially providing support. Lam Research Receives a Buy from Bank of America Securities
• Neutral Sentiment: Fiscal Q2 guidance calls for revenue of $8.2 billion to $9.0 billion and EPS of $2.18 to $2.48. The midpoint is broadly in line with estimates, but the wide range reflects elevated execution uncertainty.
• Negative Sentiment: Component bottlenecks and cleanroom capacity limitations are restricting shipments through 2027, limiting how quickly Lam can convert strong customer demand into revenue. Lam Research Says Supply Bottlenecks Are Holding Back Revenue
• Negative Sentiment: China revenue is expected to decline substantially from its 35% share in September, while several analysts cut price targets after the earnings release. These concerns have weighed on LRCX and pressured the broader semiconductor-equipment sector despite the company’s strong results. Lam Research Retreats Amid Cautious Guidance and China Revenue Drop

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.