Lam Research rises on strong Q3 outlook

Lam Research

29/01/2026 09:56

** Shares of semiconductor equipment maker Lam Research LRCX.O rise 5.2% to $252.17 before the bell

** Co forecasts Q3 rev above estimates, as enterprises ramp up orders of its chipmaking tools

** Sees adj earnings of $1.35 per share for Q3, plus or minus 10 cents, while analysts expect profit of $1.20 per share

** Projects Q3 rev of $5.7 billion, plus or minus $300 million vs estimates of $5.34 billion, according to data compiled by LSEG
** At least four brokerages raise PT on the stock following results

** On average, 32 analysts rate the stock a "buy"; their median PT is $250, as per data compiled by LSEG

** Lam rose about 137% in 2025 and is up about 40% so far this year

 (Reporting by Joel Jose in Bengaluru)

 ((mail to: Joeljose@thomsonreuters.com))