Lam Research Q3 EPS Forecast Decreased by Zacks Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Analysts at Zacks Research lowered their Q3 2025 earnings estimates for Lam Research in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.88. The consensus estimate for Lam Research's current full-year earnings is $3.52 per share. Zacks Research also issued estimates for Lam Research's Q1 2026 earnings at $0.97 EPS, Q2 2026 earnings at $1.01 EPS, FY2026 earnings at $4.08 EPS and FY2027 earnings at $4.73 EPS.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business earned $6.85 earnings per share. The firm's quarterly revenue was up 19.7% compared to the same quarter last year.

A number of other research analysts have also recently commented on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. UBS Group decreased their target price on shares of Lam Research from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lam Research from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $97.03.

Lam Research Price Performance

Shares of Lam Research stock traded down $4.10 during trading on Friday, hitting $70.69. 7,543,056 shares of the stock traded hands, compared to its average volume of 11,232,092. The stock has a market cap of $90.96 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.17 and a beta of 1.48. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research has a 52 week low of $68.72 and a 52 week high of $113.00. The firm's fifty day moving average is $77.34 and its 200-day moving average is $88.12.

Hedge Funds Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in Lam Research by 16.7% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 9 shares during the last quarter. Thomasville National Bank grew its stake in Lam Research by 1.5% in the 2nd quarter. Thomasville National Bank now owns 812 shares of the semiconductor company's stock worth $865,000 after acquiring an additional 12 shares in the last quarter. Ignite Planners LLC raised its stake in shares of Lam Research by 2.8% during the second quarter. Ignite Planners LLC now owns 445 shares of the semiconductor company's stock valued at $484,000 after acquiring an additional 12 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Lam Research by 3.7% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 335 shares of the semiconductor company's stock valued at $357,000 after purchasing an additional 12 shares during the period. Finally, RFP Financial Group LLC increased its holdings in Lam Research by 52.2% during the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 12 shares during the period. 84.61% of the stock is owned by institutional investors.

Insider Activity

In other Lam Research news, CAO Christina Correia sold 647 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total value of $528,928.97. Following the sale, the chief accounting officer now owns 4,267 shares in the company, valued at $3,488,315.17. The trade was a 13.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research's dividend payout ratio is 29.74%.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.