LRCX · NMS
S&P 500
Lam Research Corporation
Technology · Semiconductor Equipment & Materials
$222.39
+$1.08 (+0.49%) today
Closing price on Nov 10, 2026 · Source: Yahoo Finance
Consensus of 34 analysts
Buy
Median price target $352.50 +58.5%
- Open
- $217.75
- Day range
- 217.05 – $228.71
- 52-week range
- 135.50 – $438.50
- Volume
- 11,588,514
- Market cap
- $277,803M
- P/E (TTM)
- 33.1x
- EPS (TTM)
- $6.71
- EPS est. FY 2027
- $9.65
- P/E est. FY 2027
- 23.0x
- Dividend yield
- 0.5%
- Beta
- 2.01
- Payout
- 17%
The analysis of this company is being prepared and will appear in the next update.
Lam Research financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | $8,219M | +54.4% |
| Net income | $2,753M | +75.5% |
| Earnings per share | $2.19 | +76.6% |
| Net margin | 33.5% | +4.0 pp |
| Free cash flow | $3,240M | +103.3% |
| Debt / equity | 0.27 | −38.9% |
Revenue and net income ($M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | $5,324M | $1,569M |
| Q4 2025 | $5,345M | $1,594M |
| Q1 2026 | $5,841M | $1,825M |
| Q2 2026 | $6,722M | $2,277M |
| Q3 2026 | $8,219M | $2,753M |
Lam Research earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 26 | $2.3492.33 – 2.55 | +85.0%$1.270 |
| Next quarterQ1 2027 · Analysts: 26 | $2.4792.35 – 2.84 | +68.6%$1.470 |
| Current yearFY 2027 · Analysts: 30 | $9.6509.20 – 10.30 | +65.8%$5.820 |
| Next yearFY 2028 · Analysts: 28 | $12.23610.41 – 15.12 | +26.8%$9.650 |
Forward P/E: 23.0x (FY 2027) and 18.2x (FY 2028) at the current price.
Actual and estimated EPS ($)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | $1.240 | — |
| Q4 2025 | $1.270 | $1.168 |
| Q1 2026 | $1.470 | $1.363 |
| Q2 2026 | $1.820 | $1.684 |
| Q3 2026 | $2.200 | $2.180 |
| Q4 2026 | — | $2.349 |
| Q1 2027 | — | $2.479 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| FY 2023 | $3.321 | — |
| FY 2024 | $2.900 | — |
| FY 2025 | $4.150 | — |
| FY 2026 | $5.760 | — |
| FY 2027 | — | $9.650 |
| FY 2028 | — | $12.236 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | $2.479 | +68.6% |
| Q4 2026Estimated | $2.349 | +85.0% |
| Q3 2026 | $2.200est. $2.180 · surprise +0.9% | +77.4% |
| Q2 2026 | $1.820est. $1.684 · surprise +8.1% | n/a |
| Q1 2026 | $1.470est. $1.363 · surprise +7.9% | n/a |
| Q4 2025 | $1.270est. $1.168 · surprise +8.7% | n/a |
| Q3 2025 | $1.240 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| FY 2028Estimated | $12.236 | +26.8% |
| FY 2027Estimated | $9.650 | +67.5% |
| FY 2026 | $5.760 | +38.8% |
| FY 2025 | $4.150 | +43.1% |
| FY 2024 | $2.900 | −12.7% |
| FY 2023 | $3.321 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Lam Research dividend
Yield and payments
| Dividend yield (TTM) | 0.5% |
| Forward yield (next 12m) | 0.6% |
| Dividend per share (TTM) | $1.11 |
| Forward dividend (next 12m) | $1.32 |
| Payout (TTM) | 17% |
| Last dividend | $0.33Sep 23, 2026 |
| Next ex-dividend date | Dec 2, 2026 |
Dividend per share by year ($)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | $0.45 |
| 2020 | $0.49 |
| 2021 | $0.56 |
| 2022 | $0.645 |
| 2023 | $0.745 |
| 2024 | $0.86 |
| 2025 | $0.98 |
| est. 12m | $1.32 |
Lam Research forecasts
34 analyst ratings
Consensus: Buy · 30 buy, 4 hold, 0 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | $500.00 | +124.8% |
| Median | $352.50 | +58.5% |
| Low | $255.00 | +14.7% |
| Date | Close |
|---|---|
| Nov 28, 2025 | $156.00 |
| Dec 31, 2025 | $171.18 |
| Jan 30, 2026 | $233.46 |
| Feb 27, 2026 | $233.89 |
| Mar 31, 2026 | $213.66 |
| Apr 30, 2026 | $257.86 |
| May 29, 2026 | $318.18 |
| Jun 30, 2026 | $433.33 |
| Jul 31, 2026 | $293.02 |
| Aug 31, 2026 | $301.49 |
| Sep 30, 2026 | $328.51 |
| Oct 30, 2026 | $239.11 |
| Nov 10, 2026 | $222.39 |
Lam Research peers
| Ticker | Company | Market cap ($M) | P/E | Price ($) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| LRCX | Lam Research | 277,803 | 33.1x | 222.39 | +0.49% | 135.50438.50 |
| AMAT | Applied Materials | 295,639 | 32.1x | 372.53 | +0.53% | 203.40739.67 |
| KLAC | KLA | 199,340 | 38.3x | 152.99 | +1.06% | 107.20307.37 |
| TER | Teradyne | 38,313 | 28.2x | 245.40 | −0.24% | 151.52487.91 |
| Q | Qnity Electronics | 25,846 | 46.5x | 123.64 | −1.16% | 72.81177.28 |
| ASML.AS | ASML Holding | 540,895 | 40.1x | 1,403.40 € | +3.12% | 822.201,741.00 |
Stocks quoted in another currency are shown in their trading currency.
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