Wall Street analyst estimates for Lam Research Corporation (LRCX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit conformal films.
Consensus price target
$375.94 (+57 % vs price $239.11)
between $290.00 and $500.00 · 12 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $35.4B | $31.6B – $36.9B | $9.69 | 20 |
| 2028E | $42.6B | $37.6B – $45.3B | $12.23 | 18 |
| 2029E | $48.9B | $44.7B – $56.5B | $14.45 | 10 |
Fiscal year ending in June · figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 39 |
| Hold | 10 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 50 |
| Avg rating (−2 sell to +2 buy) | 0.76 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-27 | $2.34 | ||
| 2026-10-21 | $2.20 | $2.18 | +0.9% |
| 2026-07-29 | $1.82 | $1.69 | +7.7% |
| 2026-04-22 | $1.47 | $1.36 | +8.1% |
| 2026-01-28 | $1.27 | $1.17 | +8.5% |
| 2025-10-22 | $1.26 | $1.22 | +3.3% |
| 2025-07-30 | $1.33 | $1.21 | +9.9% |
| 2025-04-23 | $1.04 | $1.00 | +4.0% |
Valuation Ratios
| P/E Ratio | 35.63 |
| Price / Book | 21.50 |
| EV / EBITDA | 29.04 |
| Dividend Yield | 0.46% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.01B | $11.08B | $9.65B | $10.04B | $14.63B | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B |
| Cost of Revenue | $4.41B | $5.91B | $5.30B | $5.44B | $7.82B | $9.36B | $9.65B | $7.85B | $9.46B | $11.51B |
| Gross Profit | $3.60B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B | $11.73B |
| Research & Development | $1.03B | $1.19B | $1.19B | $1.25B | $1.49B | $1.60B | $1.73B | $1.90B | $2.10B | $2.38B |
| Selling, General & Admin | $667.5M | $762.2M | $702.4M | $682.5M | $829.9M | $885.7M | $832.8M | $868.2M | $981.7M | $1.15B |
| Operating Expenses | $1.70B | $1.95B | $1.89B | $1.93B | $2.32B | $2.49B | $2.60B | $2.79B | $3.08B | $3.53B |
| Operating Income | $1.90B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B | $8.20B |
| EBITDA | $2.24B | $3.58B | $2.87B | $3.02B | $4.89B | $5.71B | $5.64B | $4.91B | $6.34B | $8.70B |
| Interest Expense | $117.7M | $97.4M | $117.3M | $177.4M | $208.6M | $184.8M | $186.5M | $185.2M | $178.2M | 0 |
| Pre-tax Income | $1.81B | $3.15B | $2.45B | $2.57B | $4.37B | $5.19B | $5.11B | $4.36B | $5.96B | $8.26B |
| Income Tax | $113.9M | $771.1M | $255.1M | $323.2M | $462.3M | $587.8M | $598.3M | $532.5M | $599.9M | $997.1M |
| Net Income | $1.70B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B |
| EPS | $1.05 | $1.47 | $1.44 | $1.56 | $2.72 | $3.29 | $3.33 | $2.91 | $4.17 | $5.79 |
| EPS (Diluted) | $0.92 | $1.32 | $1.37 | $1.51 | $2.69 | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
| Shares Outstanding (Diluted) | 1,837.7 M | 1,807.8 M | 1,599.2 M | 1,490.9 M | 1,453.2 M | 1,406.3 M | 1,358.3 M | 1,320.0 M | 1,290.1 M | 1,261.1 M |
Price
| Price | $239.11 (closing price, October 30, 2026) |
| Market Cap | $299.2B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Semiconductors
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