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

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

Lam Research Price Performance

NASDAQ LRCX opened at $217.94 on Monday. Lam Research has a 12-month low of $56.32 and a 12-month high of $236.10. The firm’s 50 day moving average is $178.08 and its 200-day moving average is $141.88. The company has a market capitalization of $273.74 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.76 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research Announces Dividend

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

Key Lam Research News

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

• Positive Sentiment: Zacks upgraded LRCX to a Zacks Rank #1 (Strong Buy), a move that typically attracts momentum flows and retail/institutional attention; the upgrade is being cited as a catalyst for optimism about near-term earnings and price momentum. Lam Research (LRCX) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Analyst commentary (Zacks) and coverage notes point to strong AI-chip demand and rising DRAM spending that should help LRCX beat Q2 estimates, supporting upside expectations for revenue and margins. LRCX Likely to Beat Q2 Earnings Estimates: Should You Buy the Stock?
• Positive Sentiment: Media coverage highlights AI-driven momentum (a recent piece notes the stock jumped on AI buzz and tariff news), which can attract short-term buyers and program trades. Why Lam Research (LRCX) Is Up 5.0% After AI Buzz And Tariff Jitters Hit Spotlight
• Neutral Sentiment: New Street raised its price target to $195 (from $140) but kept a “neutral” rating — the higher target signals improving fundamental views, but the maintained neutral limits the endorsement strength for further rallies. New Street Adjusts Lam Research Price Target to $195 From $140; Maintains Neutral Rating
• Neutral Sentiment: High-profile mentions (e.g., Jim Cramer calling LRCX “the best of the best” while warning about buying parabolic moves) can boost credibility but also encourage caution among momentum-sensitive traders. Jim Cramer calls Lam Research the “best of the best” but warns against buying parabolic moves
• Negative Sentiment: Unusually large put-option volume: traders bought ~87,781 puts (about +129% vs. average), a sharp rise in bearish/options-hedging activity that can signal investor risk-off, price protection flows, or speculative bearish bets — all of which can add downward pressure or volatility.
• Negative Sentiment: Relative weakness vs. peers: coverage notes that LRCX underperformed competitors on Thursday, a datapoint traders watch for leadership shifts within the semiconductor equipment group and to gauge rotation risk. Lam Research Corp. stock underperforms Thursday when compared to competitors

Insider Buying and Selling

In related news, Director Bethany Mayer sold 1,298 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 over the last three months. 0.31% of the stock is owned by insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in 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 valued at $472,294,000 after acquiring an additional 2,056,749 shares during the period. Caisse de depot et placement du Quebec grew its position in shares of Lam Research by 164.0% in 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 last quarter. Polar Capital Holdings Plc grew its position in shares of 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 purchasing an additional 1,464,651 shares during the last quarter. Two Sigma Investments LP increased 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 worth $204,475,000 after purchasing an additional 1,223,184 shares during the period. Finally, Rafferty Asset Management LLC lifted its holdings in Lam Research by 32.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,754,011 shares of the semiconductor company’s stock worth $462,755,000 after purchasing an additional 1,163,546 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna restated a “positive” rating and issued a $250.00 price objective on shares of Lam Research in a report on Monday, January 12th. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target (up from $160.00) on shares of Lam Research in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Morgan Stanley set a $211.00 price target on Lam Research in a research report on Thursday, January 15th. Finally, TD Cowen reissued a “buy” rating on shares of Lam Research in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $200.52.

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.