Lam Research stock holds near 52-week high after strong results

Published on 09/03/2026 at 20:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock trades at USD 286.81 after July 29, 2026 results showed revenue of USD 6.72 billion and EPS of USD 1.82, while the 52-week range spans USD 97.16 to USD 438.50.

Techniker im Reinraum an Halbleiter-Fertigungsanlage mit gelber Sicherheitsbeleuchtung — Lam Research (ISIN US5128071082) zeigt fotorealistisch eine Reinraum-Chipfertigung mit modernen Waferanlagen und Technikern, Illustration mit AI erstellt.

Lam Research Corporation (US5128071082) stock traded at USD 286.81 at 12:26 PM Eastern on September 3, 2026, after a July 29, 2026 quarter that delivered USD 6.72 billion in revenue and EPS of USD 1.82. The shares also closed the prior session at USD 288.32, with a 52-week range of USD 97.16 to USD 438.50.

Revenue and earnings stay strong

According to MarketBeat, the quarter ended July 29, 2026 brought USD 6.72 billion in revenue, up 30.0 percent year over year, and EPS of USD 1.82, or USD 0.13 above the USD 1.69 consensus estimate. The same source also lists a market capitalization of USD 358.90 billion and average volume of 10.92 million shares.

Analysts keep a bullish tone

The latest analyst snapshot shows a consensus rating of Moderate Buy with an average price target of USD 358.97, while UBS cut its Lam Research target to USD 425 from USD 435 on September 1, 2026. On the same day, MarketBeat also showed a forward P/E of 30.72 and a trailing P/E of 49.78, underlining how far the valuation has moved since the start of the year.

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Lam Research revenue and margin picture

The latest quarter gives investors a clean read on revenue momentum, earnings power and valuation.

Lam Research coverage Investor Relations

Wafer tools remain the core

Lam Research is a supplier of wafer fabrication equipment and services for semiconductor manufacturing, with tools for thin film deposition, plasma etch and wafer cleaning. MarketBeat places annual sales at USD 23.23 billion and net margin at 31.27 percent, which explains why the stock still commands a premium multiple even after the latest pullback.

Price and chart level

At USD 286.81 on September 3, 2026, the stock traded well above its 52-week low of USD 97.16 and below its 52-week high of USD 438.50. The year-to-date gain shown by CNBC is 68.43 percent, and the latest session ended at USD 288.32.