Lam Research (NASDAQ:LRCX) Updates Q1 2027 Earnings Guidance

Lam Research (NASDAQ:LRCX) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.000-2.300 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of $7.7 billion-$8.5 billion, compared to the consensus revenue estimate of $7.0 billion.

Lam Research Price Performance

NASDAQ:LRCX traded up $3.07 during trading hours on Friday, hitting $300.79. The company’s stock had a trading volume of 4,097,195 shares, compared to its average volume of 11,382,979. The stock has a fifty day simple moving average of $341.06 and a 200-day simple moving average of $276.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $376.16 billion, a P/E ratio of 52.41, a PEG ratio of 1.50 and a beta of 1.80. Lam Research has a twelve month low of $90.93 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a return on equity of 71.15% and a net margin of 31.27%.Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts anticipate that Lam Research will post 7.92 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Mizuho lifted their price objective on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Bank of America boosted their target price on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $358.47.

Insider Activity

In other news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. The trade was a 11.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 over the last ninety days. 0.31% of the stock is currently owned by insiders.

More Lam Research News

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

• Positive Sentiment: Strong earnings and revenue: Lam Research reported record quarterly revenue of $6.72 billion, up 30% year over year, and adjusted EPS of $1.82 versus the $1.69 consensus estimate. Robust NAND demand and a third consecutive record in customer-support revenue helped drive the beat. Chip equipment maker Lam Research forecasts strong revenue on AI boom
• Positive Sentiment: Guidance substantially topped estimates: Management forecast first-quarter fiscal 2027 revenue of $7.7 billion to $8.5 billion and EPS of $2.00 to $2.30, compared with consensus estimates of approximately $7.0 billion and $1.81, respectively. The forecast points to continued strength in AI-related chip production, memory, advanced packaging and wafer-fabrication demand. Lam Research Corporation Reports Financial Results
• Positive Sentiment: Analysts raised their expectations: Needham reaffirmed a Buy rating and a $390 target while increasing EPS estimates after Lam lifted its equipment-market outlook. Other analysts described the company as having an “extraordinary runway” heading into 2027. Needham Raises Lam Research EPS Estimates
• Positive Sentiment: Sector-wide support: Lam’s results helped lift semiconductor stocks, alongside strong reports from major technology companies and expectations of a prolonged memory shortage. This improved sentiment toward the broader AI-chip investment cycle. Chip stocks rally

Institutional Trading of Lam Research

A number of large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake 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 purchasing an additional 12,936 shares during the period. Olympiad Research LP acquired a new stake in shares of Lam Research in the 4th quarter valued at about $231,000. IFC Advisors LLC bought a new stake in shares of Lam Research in the fourth quarter valued at about $229,000. Crusonia Wealth Advisors LLC bought a new stake in shares of Lam Research in the fourth quarter valued at about $211,000. Finally, Synergy Financial Group LTD acquired a new position in shares of Lam Research during the fourth quarter worth about $211,000. 84.61% of the stock is owned by institutional investors.

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.