Lam Research stock gains on earnings beat and raised guidance
Published on 08/18/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research stock (US5324571083) rose 3.45% to $343.84 on August 17, 2026, after the latest quarter delivered $6.72 billion in revenue and $1.82 in earnings per share. The shares closed with a market value of $430.25 billion, and the move leaves the stock close to the $358.47 consensus target.
Quarterly numbers
The quarter ended June 28, 2026, was stronger than Wall Street expected: revenue topped the $6.66 billion estimate, and EPS beat the $1.69 consensus by $0.13. Revenue rose 30.0% year over year, while net margin reached 31.27%.
Guidance also stayed in view. Lam Research set Q1 2027 EPS guidance at $2.00 to $2.30, and sell-side analysts were centered on 9.32 EPS for the current fiscal year.
Valuation check
The stock's 52-week range sits at $94.11 to $438.50, while the 50-day range spans $252.35 to $433.33. That puts the latest close well above the 200-day moving average cited at $283.14 and suggests investors are still paying up for the earnings reset.
Peer context points the same way. Market data showed a P/E ratio of 59.69, and the consensus rating remained Moderate Buy with a target of $358.47.
Lam Research tools
Lam Research's wafer-fabrication systems and services are the core product set behind the revenue and margin mix. In a cycle where chipmakers keep spending on process technology, that product base remains the key link between orders, utilization, and guidance.
Shares and setup
Lam Research shares traded at $343.84 as of August 17, 2026, with volume at 8.50 million shares. Market capitalization stood at $430.25 billion on the same session.
Fact box
Company: Lam Research Corporation
ISIN: US5324571083
Ticker: LRCX
Exchange: Nasdaq
Price (as of August 17, 2026, 4:00 p.m. ET): $343.84 USD
Market cap: $430.25 billion (as of August 17, 2026)
Sector / Industry: Information Technology / Semiconductor Equipment
Index membership: Nasdaq-100
