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Lam Research (LRCX) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Lam Research (LRCX - Free Report) was down 5.83% at $329.92. This change lagged the S&P 500's daily loss of 0.79%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.
Heading into today, shares of the semiconductor equipment maker had lost 4.49% over the past month, lagging the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Lam Research in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company's upcoming EPS is projected at $1.69, signifying a 27.07% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.67 billion, reflecting a 29.04% rise from the equivalent quarter last year.
LRCX's full-year Zacks Consensus Estimates are calling for earnings of $5.68 per share and revenue of $23.19 billion. These results would represent year-over-year changes of +37.2% and +25.77%, respectively.
Investors might also notice recent changes to analyst estimates for Lam Research. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.54% increase. Lam Research currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Lam Research is currently trading at a Forward P/E ratio of 44.15. This indicates a discount in contrast to its industry's Forward P/E of 49.67.
Also, we should mention that LRCX has a PEG ratio of 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.86 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Lam Research (LRCX) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Lam Research (LRCX - Free Report) was down 5.83% at $329.92. This change lagged the S&P 500's daily loss of 0.79%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 1.55%.
Heading into today, shares of the semiconductor equipment maker had lost 4.49% over the past month, lagging the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Lam Research in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company's upcoming EPS is projected at $1.69, signifying a 27.07% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.67 billion, reflecting a 29.04% rise from the equivalent quarter last year.
LRCX's full-year Zacks Consensus Estimates are calling for earnings of $5.68 per share and revenue of $23.19 billion. These results would represent year-over-year changes of +37.2% and +25.77%, respectively.
Investors might also notice recent changes to analyst estimates for Lam Research. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.54% increase. Lam Research currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Lam Research is currently trading at a Forward P/E ratio of 44.15. This indicates a discount in contrast to its industry's Forward P/E of 49.67.
Also, we should mention that LRCX has a PEG ratio of 2.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.86 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.