Stock AnalizLam Research (LRCX) earnings for the quarter ended September 2026: EPS beats estimates
Lam Research reported results for the quarter ended September 2026 on October 21, 2026. Adjusted earnings per share came in at $2.20 against the analysts’ average forecast of $2.18, a beat of 0.9%.
Revenue for the quarter was $8.22 billion, up 54.4% from $5.32 billion in the same quarter a year earlier.
The market’s verdict: the stock fell 12.6% on the first trading day after the report.
The last four quarters
Lam Research has beaten the analysts’ EPS forecast in 4 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $2.20 | $2.18 | +0.9% | +54% | −12.6% |
| Jun 2026 | $1.82 | $1.68 | +8.1% | +30% | +10.4% |
| Mar 2026 | $1.47 | $1.36 | +7.9% | +24% | +0.1% |
| Dec 2025 | $1.27 | $1.17 | +8.7% | +22% | +4.1% |
What comes next
Analysts expect EPS of $2.35 for the next quarter on average and $9.65 for the fiscal year ending June 30, 2027.
The average analyst price target is $362.10, 60% above the current price of $225.92.
Valuation and score
Lam Research scores 4.0 out of 5 overall on Stock Analiz (a strong company), trades at a trailing P/E of about 33.7, and its intrinsic value under moderate assumptions is about 73% above the current market value. Full Lam Research analysis with 10 years of financials
Frequently asked questions
What was Lam Research’s EPS for the quarter ended September 2026?
$2.20 adjusted per share, against an analyst consensus of $2.18.
How much revenue did Lam Research report?
$8.22 billion, up 54.4% year over year.
More
This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.