Lam Research stock gains on dividend hike and strong quarter
Published on 08/28/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lam Research stock is trading after a 27% quarterly dividend increase, a July 29 earnings beat, and a market cap of $398.65 billion as of August 28, 2026.
The company lifted its quarterly dividend to $0.33 from $0.26, and the latest quote snapshot showed shares at $318.58 with a 52-week range of $94.11 to $438.50.
Dividend and earnings
Lam Research declared the dividend on August 27, 2026, with shareholders of record on September 23, 2026 and payment set for October 14, 2026. The MarketBeat report said the new payout is 26.9% higher than the prior $0.26 quarterly dividend.
The same report said Lam Research earned $1.82 a share in the July 29 quarter, topping the consensus estimate of $1.69 by $0.13. Revenue reached $6.72 billion, up 30.0% from the same quarter last year and above the $6.66 billion estimate.
Chart level to watch
The stock opened at $318.58 and the quote page showed a 52-week high of $438.50 on June 30, 2026. That leaves the shares below the peak even after the latest dividend move and earnings strength.
CNBC listed Lam Research at $318.58 at the close, with a market cap of $398.646 billion, 10-day average volume of 7.64 million, and revenue TTM of $23.233 billion. The same snapshot also showed EPS TTM of $5.76 and a P/E ratio of 55.27.
Lam Research tools
Lam Research builds wafer fabrication equipment used in thin film deposition, plasma etch, wafer cleaning, and related process steps for semiconductor manufacturing. The product mix matters because the latest quarter's 30.0% revenue growth and $6.72 billion sales figure point to healthy demand across its process portfolio.
Shares and outlook
Lam Research shares closed at $318.58 on August 28, 2026, after a 1.82% rise in the latest regular session, according to the quote snapshot. The same market data showed after-hours trading at $315.50 and a dividend yield of 0.41%.
More on Lam Research stock can be built around the next earnings window and the company's Q1 2027 guidance of $2.00 to $2.30 EPS, which the market is already using as a reference point for valuation. The current setup keeps the focus on dividend growth, earnings power, and whether the shares can retest the $438.50 high.
