Lam Research rises following Q1 results and optimistic outlook exceeding expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2025
0mins
Should l Buy LRCX?
Source: SeekingAlpha
Financial Performance: Lam Research reported adjusted earnings per share of $1.26 and revenue of $5.32 billion for Q1 fiscal 2026, exceeding estimates and showing a 27% year-over-year increase.
Future Projections: The company anticipates Q2 revenue between $4.9 billion and $5.5 billion, surpassing the estimate of $4.84 billion, indicating strong growth potential.
Market Position: CEO Tim Archer highlighted that Lam's innovations are crucial for AI-driven semiconductor manufacturing, positioning the company for continued growth in a favorable market environment.
Revenue Breakdown: In the September quarter, China contributed 43% of Lam's revenue, followed by Taiwan at 19%, Korea at 15%, and the U.S. at 6%.
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Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 231.290
Low
142.00
Averages
192.50
High
265.00
Current: 231.290
Low
142.00
Averages
192.50
High
265.00
About LRCX
Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. It offers services in areas, such as nanoscale applications enablement, chemistry, plasma and fluidics, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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