Lam Research Corporation

(NASDAQ Global Select)
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Bullish +75

Lam Research stock gains 3.58 percent as estimates rise

AI-generated analysis

πŸ“ˆ Lam Research stock gained 3.58% to close at $298.42 on September 21, 2026.

πŸ’° Analysts forecast September-quarter revenue of $8.1 billion and EPS of $2.15.

πŸš€ Revenue estimates imply 52.1% growth from the comparable quarter prior year.

πŸ“Š The company beat Q2 guidance with $6.72 billion in revenue and $1.82 EPS.

🎯 Management guidance for September quarter sets EPS between $2.00 and $2.30.

πŸ“… Next earnings report is scheduled for October 21, 2026.

πŸ“‰ Stock trades below the 52-week high of $438.50 but above the low of $125.00.

Bullish Signals
  • Lam Research stock gained 3.58% as market estimates rose for the September quarter.
  • Analysts project September-quarter revenue of $8.1 billion, representing 52.1% growth from the prior-year period.
  • The company reported Q2 revenue of $6.72 billion and EPS of $1.82, exceeding consensus estimates.
  • Management guidance for September quarter EPS ($2.00-$2.30) encompasses the current high analyst estimate of $2.15.
  • Fiscal year 2026 revenue is forecast at $34.48 billion, an increase of 48.42% from the prior year.
Full Analysis
Lam Research stock rose 3.58% to close at $298.42 on September 21, 2026, driven by rising analyst estimates for the upcoming September quarter. Market consensus projects quarterly revenue of $8.1 billion and earnings per share (EPS) of $2.15, representing significant year-over-year growth compared to the prior period. The company previously reported strong results for the quarter ended June 2026, with revenue reaching $6.72 billion and EPS of $1.82, which beat analyst expectations. Management has provided guidance for the September quarter ranging from $2.00 to $2.30 in EPS, positioning the current market estimates comfortably within this range. For fiscal year 2026, analysts forecast total revenue of $34.48 billion and EPS of $9.33 per share. The stock is currently trading below its 52-week high of $438.50 but above the low of $125.00, with investors awaiting the October 21 earnings report to validate the bullish consensus.