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Why Lam Research (LRCX) Outpaced the Stock Market Today
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Lam Research (LRCX - Free Report) closed at $224.35 in the latest trading session, marking a +1.68% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The stock of semiconductor equipment maker has risen by 4.5% in the past month, leading the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Lam Research will be of great interest to investors. The company's earnings report is expected on April 22, 2026. The company is forecasted to report an EPS of $1.35, showcasing a 29.81% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $5.74 billion, up 21.71% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.28 per share and a revenue of $22.26 billion, representing changes of +27.54% and +20.75%, respectively, from the prior year.
Any recent changes to analyst estimates for Lam Research should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Lam Research is currently a Zacks Rank #3 (Hold).
In the context of valuation, Lam Research is at present trading with a Forward P/E ratio of 41.75. This denotes a premium relative to the industry average Forward P/E of 34.
Investors should also note that LRCX has a PEG ratio of 2.35 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 2.07 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why Lam Research (LRCX) Outpaced the Stock Market Today
Lam Research (LRCX - Free Report) closed at $224.35 in the latest trading session, marking a +1.68% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The stock of semiconductor equipment maker has risen by 4.5% in the past month, leading the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Lam Research will be of great interest to investors. The company's earnings report is expected on April 22, 2026. The company is forecasted to report an EPS of $1.35, showcasing a 29.81% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $5.74 billion, up 21.71% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.28 per share and a revenue of $22.26 billion, representing changes of +27.54% and +20.75%, respectively, from the prior year.
Any recent changes to analyst estimates for Lam Research should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Lam Research is currently a Zacks Rank #3 (Hold).
In the context of valuation, Lam Research is at present trading with a Forward P/E ratio of 41.75. This denotes a premium relative to the industry average Forward P/E of 34.
Investors should also note that LRCX has a PEG ratio of 2.35 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Semiconductors was holding an average PEG ratio of 2.07 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.