Erste Group Bank Estimates Lam Research FY2026 Earnings

Lam Research Corporation (NASDAQ:LRCX) – Analysts at Erste Group Bank increased their FY2026 earnings per share estimates for Lam Research in a research report issued on Wednesday, February 18th. Erste Group Bank analyst S. Lingnau now forecasts that the semiconductor company will post earnings per share of $5.31 for the year, up from their prior forecast of $5.30. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. Erste Group Bank also issued estimates for Lam Research’s FY2027 earnings at $7.00 EPS.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $290.00 price objective (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. Wells Fargo & Company lifted their target price on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 target price on Lam Research and gave the stock a “buy” rating in a research note on Thursday, January 29th. Evercore set a $275.00 target price on Lam Research in a report on Thursday, January 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.88.

Lam Research Stock Performance

NASDAQ LRCX opened at $244.25 on Monday. The company has a fifty day moving average price of $212.29 and a 200-day moving average price of $162.76. The firm has a market cap of $305.01 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 2.60 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research has a 1 year low of $56.32 and a 1 year high of $251.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the firm posted $0.91 EPS. Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s payout ratio is presently 21.31%.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

Several institutional investors have recently added to or reduced their stakes in LRCX. Brighton Jones LLC boosted its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP bought a new stake in Lam Research during the 1st quarter valued at $239,000. Ignite Planners LLC lifted its position in shares of Lam Research by 32.8% during the second quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 1,277 shares in the last quarter. Carnegie Investment Counsel bought a new position in shares of Lam Research in the second quarter worth $639,000. Finally, Fielder Capital Group LLC purchased a new position in shares of Lam Research in the second quarter valued at $221,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research News Roundup

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

• Positive Sentiment: Analyst write-up argues Lam Research is the better buy vs. ASML, citing stronger growth forecasts, solid AI-driven demand and a more attractive valuation that supports further upside. LRCX vs. ASML: Which Semiconductor Equipment Giant Is the Better Buy?
• Positive Sentiment: Duplicate analyst/market note lifts the same thesis — Lam’s growth profile and valuation edge over ASML make it a preferred play on AI-driven logic and memory capex. LRCX vs. ASML: Which Semiconductor Equipment Giant Is the Better Buy?
• Positive Sentiment: Analysis of Lam’s recent rally highlights strong 1‑month and YTD returns and increased investor attention, reinforcing momentum that can attract more flows into the stock. Assessing Lam Research (LRCX) Valuation After Strong Recent Share Price Momentum
• Positive Sentiment: Lam is expanding its footprint (new Boise office ~9,200 sq. ft., ~150 employees) and is cited as a Goldman Sachs top growth pick — a signal of operational scaling and sell‑side support. Lam Research (LRCX) Expands Footprint Amid Industry Momentum
• Positive Sentiment: Zacks includes Lam on a list of top wide‑moat stocks alongside NVDA and ASML, reinforcing perceptions of durable competitive advantages. Top Wide-Moat Stocks to Invest in for Long-term Growth
• Neutral Sentiment: ASML reports double‑digit systems sales growth (12.4% in 2025) and a robust backlog — a sign of strong industry demand that benefits all equipment suppliers but also underscores competitive intensity. ASML’s Systems Sales Grow in Double Digits: What’s Ahead?
• Neutral Sentiment: Another report on Lam’s Boise expansion repeats the move and sell‑side recognition; useful for confirmation but not materially new. Lam Research (LRCX) Expands Footprint Amid Industry Momentum
• Neutral Sentiment: Long‑term retrospective pieces highlight strong historical returns for Lam shareholders — positive for sentiment but not a near‑term catalyst. If you invested $1000 in Lam Research a decade ago, this is how much it’d be worth now
• Neutral Sentiment: Analyst expectations for FY2026 have been set in recent coverage — useful for modeling but broadly consistent with the upbeat guidance and consensus already in the market. Analysts Set Expectations for Lam Research FY2026 Earnings

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.