Lam Research stock gains 2.17 percent as targets rise
Published on 10/04/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research stock (ISIN US5128073062) gained 2.17 percent to USD 347.49 on Nasdaq on October 2, 2026, after the company delivered USD 6.72 billion in Q4 fiscal 2026 revenue. The latest move leaves the shares 20.7 percent below their 52-week high of USD 438.50, while the next earnings date is set for October 21, 2026.
Revenue reaches USD 6.72 billion
According to MarketBeat, Lam Research reported USD 1.82 in EPS and USD 6.72 billion in revenue for its latest quarter, ahead of the USD 1.69 EPS and USD 6.66 billion revenue consensus. Revenue rose 30 percent year over year, and the company set Q1 fiscal 2027 EPS guidance at USD 2.00-2.30.
The June quarter also showed a 52.0 percent non-GAAP gross margin, while fiscal 2026 revenue reached USD 23.23 billion, according to Nasdaq. The comparison matters because the business entered fiscal 2026 with a larger earnings base and stronger demand from memory and advanced logic customers.
B. Riley lifts its target
On October 1, 2026, B. Riley raised its Lam Research price target from USD 350 to USD 390 and kept a Buy rating, as Markets Insider reported. The new target stands 12.2 percent above the October 2 price, using the target-to-price comparison.
The broader consensus remains Moderate Buy, with an average target of USD 363.14 from 32 analysts, according to MarketBeat. That average is 4.5 percent above the latest Nasdaq price, a smaller gap than B. Riley's individual target and a useful measure of how much optimism is already reflected in the stock.
Stock stays below yearly high
Lam Research last traded at USD 347.49 on Nasdaq on October 2, 2026, with a session range of USD 344.77 to USD 352.56 and volume of 7,429,457 shares. Market capitalization stood at USD 434.6 billion, while the 52-week range was USD 131.02 to USD 438.50.
Lam Research stock facts
- Company: Lam Research Corporation
- ISIN: US5128073062
- Ticker: LRCX
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 347.49 Closing price (October 2, 2026)
- Market capitalization: USD 434.6 billion (as of October 2, 2026)
- 52-week range: USD 131.02-438.50 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductors
- Index membership: Nasdaq-100
Upcoming dates for Lam Research stock
- October 21, 2026: Q1 fiscal 2027 results
