Lam Research stock trades at USD 307.16 as margins expand

Published on 09/25/2026 at 12:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock posted USD 6.72 billion in fiscal Q4 2026 revenue, up 15.1 percent sequentially. Non-GAAP operating margin reached 38.4 percent.

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Lam Research stock (ISIN US5128073062) stood at USD 307.16 on Nasdaq at 4:00 p.m. ET on September 24, 2026, after a USD 0.12 decline, or 0.04 percent. The latest quarter showed why margins are central to the semiconductor equipment maker's valuation.

Revenue reaches USD 6.72 billion

Lam Research generated USD 6.72 billion in revenue in fiscal Q4 2026, up 15.1 percent from the preceding quarter, according to Zacks in a September 23, 2026 report. The period ended on June 28, 2026, making the result the company's latest reported quarter in the available financial record.

The operating margin also widened. Non-GAAP operating margin reached 38.4 percent in fiscal Q4 2026, compared with 35 percent in the prior quarter, a gain of 3.4 percentage points, Zacks reported. That combination of revenue growth and margin expansion gives investors a more specific measure of operating leverage than the share price alone.

UBS keeps a higher target

UBS lowered its Lam Research price target to USD 425 from USD 435 on September 1, 2026, while maintaining a Buy rating, according to MarketScreener. The revised target lies 38.4 percent above the September 24 quote, leaving the analyst view focused on earnings growth rather than a short-term trading signal.

The market snapshot adds a counterweight to that target. Lam Research's market capitalization was USD 384,125,081,200 and volume reached 7,551,797 shares on September 24, 2026. The 52-week range was USD 126.37 to USD 438.50, so the latest quote remained USD 131.34 below the high and USD 180.79 above the low.

Stock trades above USD 300

Lam Research's Nasdaq quote was USD 307.16 on September 24, 2026, with a session high of USD 307.17 and a session low of USD 298.86. The 0.04 percent daily decline was modest beside the company's 15.1 percent sequential revenue increase, placing the market's attention on whether margin expansion can continue into the next fiscal period.