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Lam Research (LRCX) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Lam Research (LRCX - Free Report) closed at $347.49, marking a +2.17% move from the previous day. This change outpaced the S&P 500's 0.73% gain on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
The stock of semiconductor equipment maker has risen by 16.21% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Lam Research in its forthcoming earnings report. The company is scheduled to release its earnings on October 21, 2026. The company is expected to report EPS of $2.17, up 72.22% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.12 billion, showing a 52.42% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.32 per share and a revenue of $34.41 billion, signifying shifts of +60.41% and +48.1%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lam Research. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Lam Research currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Lam Research is presently being traded at a Forward P/E ratio of 36.47. This signifies a discount in comparison to the average Forward P/E of 39.71 for its industry.
Meanwhile, LRCX's PEG ratio is currently 1.35. 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 Electronics - Semiconductors industry currently had an average PEG ratio of 1.35 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 70, putting it in the top 29% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Lam Research (LRCX) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Lam Research (LRCX - Free Report) closed at $347.49, marking a +2.17% move from the previous day. This change outpaced the S&P 500's 0.73% gain on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
The stock of semiconductor equipment maker has risen by 16.21% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Lam Research in its forthcoming earnings report. The company is scheduled to release its earnings on October 21, 2026. The company is expected to report EPS of $2.17, up 72.22% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.12 billion, showing a 52.42% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.32 per share and a revenue of $34.41 billion, signifying shifts of +60.41% and +48.1%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lam Research. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Lam Research currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Lam Research is presently being traded at a Forward P/E ratio of 36.47. This signifies a discount in comparison to the average Forward P/E of 39.71 for its industry.
Meanwhile, LRCX's PEG ratio is currently 1.35. 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 Electronics - Semiconductors industry currently had an average PEG ratio of 1.35 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 70, putting it in the top 29% of all 250+ industries.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.