Lam Research stock gains 2.17% before October earnings
Published on 10/03/2026 at 23:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research stock (ISIN US5128073062) gained 2.17% to USD 347.49 on Nasdaq on October 2, 2026, putting the semiconductor equipment maker within 20.75% of its 52-week high of USD 438.50. The next scheduled earnings event is October 21, 2026, when Lam Research will discuss its September quarter.
Target rises to USD 390
MarketBeat reported on October 1, 2026, that B. Riley Financial raised its Lam Research price target from USD 350 to USD 390 and retained a Buy rating. The new target is 12.23% above the October 2 price, a gap that makes estimate revisions more important than the daily move alone.
The same MarketBeat report put the average analyst target at USD 363.14 and the consensus rating at Moderate Buy, based on 32 analysts. That average sits 4.50% above the Nasdaq reference price, while the range of published targets includes materially different views on semiconductor capital spending.
June quarter beat estimates
Lam Research's June 2026 quarter delivered revenue of USD 6.72 billion, up 30.0% from the year-earlier quarter, and EPS of USD 1.82 versus a USD 1.69 consensus estimate, according to MarketBeat. Revenue also exceeded the USD 6.66 billion consensus estimate, giving the latest report both a growth comparison and an expectations comparison.
Lam Research operates across etch, deposition, wafer cleaning and related process equipment used to manufacture integrated circuits. The business therefore remains closely tied to chipmakers' equipment budgets, while the stock's valuation leaves the October report as the next concrete test of whether the June-quarter pace can continue.
October 21 sets the next test
PR Newswire reported on September 30, 2026, that Lam Research will hold its quarterly financial conference call on October 21, 2026, at 5:00 p.m. ET. The date gives investors a defined checkpoint for revenue, EPS and the company's assessment of semiconductor equipment demand.
Lam Research ended the October 2 Nasdaq session at USD 347.49, with a day range of USD 344.77 to USD 352.56 and volume of 7,429,457 shares. Its market capitalization was USD 434.6 billion, and the 52-week range was USD 131.02 to USD 438.50.
Lam Research stock key data
- Company: Lam Research Corporation
- ISIN: US5128073062
- Ticker: LRCX
- Trading venue: Nasdaq
- Price (as of October 2, 2026): Closing price USD 347.49
- 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
- Next earnings date: October 21, 2026
