Lam Research Corporation reports results for the quarter ended September 30 - Earnings Summary

Lam Research

Today 22:03

Lam Research Corporation LRCX.OQ reported quarterly adjusted earnings of $2.20​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.26.  The mean expectation of twenty five analysts for the quarter was for earnings of $2.18 per share. Wall Street expected results to range from $2.09  to $2.28 per share.
Revenue rose 54.4% to $8.22 billion from a year ago; analysts expected $8.15 billion. 
Lam Research Corporation's reported EPS for the quarter was $2.19​.
The company reported quarterly net income of $2.75 billion.
Lam Research Corporation shares had fallen by 19.8% this quarter and gained 53.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 20% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy" 
Wall Street's median 12-month price target for Lam Research Corporation is $380.00, about 30.7% above its last closing price of $263.45
This summary was machine generated from LSEG data October 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
2.18
2.20
Beat
Jun. 30 2026 
1.68
1.82
Beat
Mar. 31 2026 
1.36
1.46
Beat
Dec. 31 2025 
1.17
1.27
Beat