LRCX
Lam ResearchPrevious close
239.11
Change
−15.28 / −6.01%
P/E (TTM) ?
37.6
Market Cap
$295B
1M
−27.21%
S&P 500 −0.91% over same period
Volume / Avg Volume
18.8M / 12.5M
1.51× average
Latest earnings analysisFY2027 Q1Reported 2026-10-21
Lam Research Q1 FY2027: record $8.22 billion revenue, EPS of $2.19
Lam Research closed fiscal Q1 2027 with record revenue of $8.22 billion, up 54.4% from a year earlier, and net income of $2.75 billion. The quarter came in above the $8.10 billion midpoint the company had guided to, and earnings per share of $2.20 on a non-GAAP basis landed about a penny under the $2.2215 consensus. Below, the numbers that matter, read in plain English.
Read the full analysis →Revenue$8.22BYoY +54.40%
EPS (non-GAAP)$2.20Missest. $2.22
Next-quarter revenue guidance$8.60B ±4.65%YoY +4.60%
Next-day move−11.76%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2027 Q1 Quarter ended 2026-09 | 2026-10-21 | $8.2B | Read analysis → |
| FY2026 Q4 Quarter ended 2026-06 | 2026-07-29 | $23.2B | Read analysis → |
| FY2026 Q3 Quarter ended 2026-03 | 2026-04-22 | $5.8B | Pending |
| FY2026 Q2 Quarter ended 2025-12 | 2026-01-28 | $5.3B | Pending |
| FY2026 Q1 Quarter ended 2025-09 | 2025-10-22 | $5.3B | Pending |
| FY2025 Q4 Quarter ended 2025-06 | 2025-07-30 | $18.4B | Pending |
| FY2025 Q3 Quarter ended 2025-03 | 2025-04-23 | $4.7B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 59 of its 5-year rangeMid-range
5-year range 22.5 – 61.3 · Median 30.9
Last 4 quarters: $3.9B in buybacks + $1.3B in dividends, 1.76% of market cap combined
P/E (TTM)
37.6
P/B
22.9
P/S
12.2
Dividend Yield
1.11%
Earnings Reaction
Over the last 7 reports, the stock moved ±7.3% on average on the first trading day after, rising 4 times
Most recent −11.76%
Guidance Credibility
Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 2.3% above guidance
Volatility & Correlation
1-year beta 3.25 · Correlation with S&P 500 0.63High beta
Annualized volatility 66% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 6 · $47.6MNet selling $47.6M
- 10-23ARCHER TIMOTHYPresident and CEOSell$7.1M31,400 shares · Avg price 227.02
- 09-09Mayer BethanyDirectorSell$3.0M9,557 shares · Avg price 314.74
- 09-09ARCHER TIMOTHYPresident and CEOSell$9.6M30,000 shares · Avg price 319.26
- 09-02Varadarajan SeshasayeeSenior Vice PresidentSell$17.4M59,750 shares · 3 trades · Avg price 291.32
- 08-31Harter AvaChief Legal OfficerSell$1.5M5,000 shares · Avg price 302.46
- 08-06ARCHER TIMOTHYPresident and CEOSell$9.0M30,000 shares · Avg price 300.00
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2027 Q1 | 8.22 | +54.4% | — | 2.75 | 2.19 |
| FY2026 Q4 | 6.72 | +30.0% | -71.2% | 2.28 | 1.81 |
| FY2026 Q3 | 5.84 | +23.8% | — | 1.83 | 1.45 |
| FY2026 Q2 | 5.34 | +22.1% | — | 1.59 | 1.26 |
| FY2026 Q1 | 5.32 | +27.7% | — | 1.57 | 1.24 |
| FY2025 Q4 | 5.17 | +33.6% | 50.1% | 1.72 | 1.34 |
| FY2025 Q3 | 4.72 | +24.4% | 49.0% | 1.33 | 1.03 |
| FY2025 Q2 | 4.38 | +16.4% | 47.4% | 1.19 | 0.92 |
| FY2025 Q1 | 4.17 | +19.7% | 48.0% | 1.12 | 0.86 |
| FY2024 Q4 | 3.87 | +20.7% | 47.5% | 1.02 | 0.78 |
| FY2024 Q3 | 3.79 | −2.0% | 47.5% | 0.97 | 0.73 |
| FY2024 Q2 | 3.76 | −28.8% | 46.8% | 0.95 | 0.72 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| LRCX | 37.6 | +54.4% | — | −27.21% | Bullish |
| NVDA | 25.8 | +105.9% | 75.0% | −10.39% | Bullish |
| AAPL | 39.3 | +16.4% | 50.1% | +3.49% | Bullish |
| MSFT | 27.2 | +18.8% | 67.8% | +1.76% | Bullish |
| AVGO | 40.4 | +85.5% | 69.1% | −7.15% | Bullish |
| MU | 11.8 | +379.3% | 86.8% | −16.93% | Bullish |
| AMD | 143.0 | +50.1% | 53.8% | −17.48% | Bullish |
| INTC | — | +20.9% | 43.0% | −45.30% | Bullish |
| PLTR | 156.5 | +92.8% | 84.7% | −1.57% | Bullish |