B. Riley raises target for Lam Research stock to USD 390.00
Published on 10/07/2026 at 15:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research stock was at EUR 290.58 at Lang & Schwarz on October 7, 2026 at 3:31 p.m. CEST, down 1.86 percent from the prior close of EUR 296.08. According to MarketBeat on October 1, 2026, B. Riley Financial raised its Lam Research price target from USD 350.00 to USD 390.00 and maintained a buy rating.
Target rises as earnings build
The target increase gives the latest analyst view a clear numerical anchor, while the stock is trading below the prior close in Berlin. B. Riley's USD 390.00 target is 34.21 percent above the EUR 290.58 Lang & Schwarz price only if currencies are converted, so the two figures are kept separate rather than treated as one upside calculation.
Lam's operating figures provide the fundamental backdrop. In the June 2026 quarter, revenue reached USD 6.72 billion, up 30.00 percent from the same period in 2025, while gross margin was 52.00 percent, compared with 49.90 percent in the March 2026 quarter, according to Fortune in its July 29, 2026 earnings transcript.
AI demand meets execution risk
Lam finished fiscal 2026 with revenue of USD 23.2 billion and diluted earnings per share of USD 5.82, up 41.00 percent from fiscal 2025, according to Fortune. Management also guided to September-quarter revenue of USD 8.1 billion plus or minus USD 400.0 million and earnings per share of USD 2.15 plus or minus USD 0.15.
The figures show why analyst optimism is tied to execution rather than only to semiconductor demand. Lam's customer support business generated nearly USD 2.5 billion in June-quarter revenue, up 43.00 percent year over year, while China represented 26.00 percent of revenue, down from 34.00 percent in the March 2026 quarter.
Next results arrive October 21
Simply Wall St lists October 21, 2026 as Lam Research's next results date and reports a quarterly dividend increase from USD 0.26 to USD 0.33 per share, a 27.00 percent increase. That date gives the market a defined near-term checkpoint for the September-quarter guidance.
Lam Research stock trades below prior close
Lam Research stock was trading at EUR 290.58 at Lang & Schwarz on October 7, 2026 at 3:31 p.m. CEST, down 1.86 percent versus the prior close of EUR 296.08. The finance quote for Lam Research showed a USD 403.1 billion market capitalization and a USD 131.02 to USD 438.50 52-week range on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.
Lam Research market data
- Company: Lam Research Corporation
- ISIN: US5128073062
- Ticker: LRCX
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 7, 2026 at 3:31 p.m. CEST: EUR 290.58
- Change versus prior close: minus 1.86 percent
- Prior close Lang & Schwarz September 28, 2026: EUR 296.08
- Market capitalization: USD 403.1 billion (as of October 7, 2026)
- 52-week range: USD 131.02-438.50 (as of October 7, 2026)
- Sector / Industry: Technology / Semiconductors
- Index membership: Nasdaq-100
- Next earnings date: October 21, 2026
