LRCXTechnology · Semiconductor Equipment & MaterialsThe 35 Wall Street analysts covering Lam Research Corp. hold a median 12-month price target of $380 — +23.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 83 of 100 as at 23 Sept 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Lam Research Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (99): The business earns solid, repeatable profits on what it owns.
Accruals (22): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Size (1): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on LRCX, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +23.7% from it.
Of the 20 most recent actions, 5 moved their price target up and 5 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 1 Sept 2026 | UBS | Maintains | Buy | $435 → $425 |
| 25 Aug 2026 | Mizuho | Maintains | Outperform | $370 → $365 |
| 30 July 2026 | B. Riley Securities | Maintains | Buy | $385 → $350 |
| 30 July 2026 | B. Riley Securities | Maintains | Buy | — |
| 30 July 2026 | Jefferies | Maintains | Buy | — |
| 30 July 2026 | Jefferies | Maintains | Buy | $315 → $335 |
| 30 July 2026 | Morgan Stanley | Maintains | Overweight | — |
| 30 July 2026 | Morgan Stanley | Maintains | Overweight | $404 → $367 |
| 30 July 2026 | Needham | Reiterates | Buy | — |
| 30 July 2026 | Needham | Reiterates | Buy | $390 |
| 30 July 2026 | Wells Fargo | Maintains | Overweight | $450 → $350 |
| 30 July 2026 | Wells Fargo | Maintains | Overweight | — |
| 20 July 2026 | Evercore ISI Group | Maintains | Outperform | $300 → $355 |
| 20 July 2026 | Evercore ISI Group | Maintains | Outperform | — |
| 10 July 2026 | Needham | Maintains | Buy | — |
| 10 July 2026 | Needham | Maintains | Buy | $300 → $390 |
| 10 July 2026 | Stifel | Maintains | Buy | — |
| 10 July 2026 | Stifel | Maintains | Buy | $325 → $425 |
| 9 July 2026 | Mizuho | Maintains | Outperform | $380 → $400 |
| 9 July 2026 | Mizuho | Maintains | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. LRCX appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 24 Sept 2026, Lam Research Corp. returned +140.5% against +17.4% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 13% of US stocks
Cheaper than 10% of US stocks
Cheaper than 3% of US stocks
Cheaper than 6% of US stocks
Higher than 78% of US stocks
Higher than 67% of US stocks
Higher than 64% of US stocks
Higher than 91% of US stocks
Higher than 90% of US stocks
Higher than 94% of US stocks
Higher than 99% of US stocks
Higher than 8% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Lam Research Corp. has a market value of $378.2B and an enterprise value of $376.8B.
Revenue in the twelve months to 30 June 2026: $23.2B. The latest quarter grew 30.0% year on year.
Net income over the same four quarters: $7.3B, a 31.3% net margin.
Diluted earnings per share, trailing twelve months: $5.76.
Free cash flow in the twelve months to 30 June 2026: $4.9B, after $966.4M of capital spending.
Lam Research Corp. spent $3.9B on share buybacks and $1.3B on dividends in the twelve months to 30 June 2026.
Trailing P/E: 52.9×; forward P/E: 26.1× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.43%, paying out 18% of earnings.
Lam Research Corp. employs 23,300 people — $997K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| LRCXLam Research Corp. | $378.2B | 83 |
| AMATApplied Materials, Inc. | $376.2B | 71 |
| KLACKLA Corp. | $245.4B | 67 |
| TERTeradyne, Inc. | $60.8B | 79 |
| QQnity Electronics, Inc. | $26.1B | 25 |
| ENTGEntegris, Inc. | $23.0B | 74 |
| ORCLOracle Corp.* | $416.4B | 37 |
* Nearest Technology names by size — few semiconductor equipment & materials companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Lam Research Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
BofA raised its chip equipment spending forecasts, citing surging AI, memory, and packaging demand. Applied Materials, Lam Research, and KLA are named as companies positioned to benefit from the upgraded outlook.
Why it matters — A higher chip equipment spending forecast points to potentially stronger demand for Lam Research's products.
REX Advisers will launch the REX AI Chipmaking ETF (CHIP) on Nasdaq Wednesday. The fund invests in equipment makers that build the physical machinery behind AI chips, rather than the companies that design them.
Why it matters — LRCX watchers would care because the new ETF targets the AI chipmaking equipment sector that Lam Research operates in, potentially attracting attention to such companies.
Lam Research Corp. is targeting mid-40% operating margins over the next several years, supported by rising revenues, AI-driven demand, and higher-margin services. The article assesses the feasibility of this long-term expansion goal.
Why it matters — A LRCX watcher would care because a move to mid-40% operating margins would represent a significant improvement in profitability and reflects the company's growth trajectory from AI-driven demand.
A Motley Fool article highlights semiconductor stocks to hold through 2030, citing Nvidia's 106% year-over-year revenue growth to $96.2 billion and its forecast of about 70% growth in fiscal 2028, as well as Broadcom's secured manufacturing supply to double its AI chip revenue to roughly $115 billion next fiscal year.
Why it matters — Strong AI-driven demand and capacity expansion among major chipmakers signal sustained growth in the semiconductor industry, relevant to Lam Research as a supplier of wafer fabrication equipment.
Marley Kayden reviewed the market's performance, noting a surge in semiconductor and memory stocks including Lam Research (LRCX), Applied Materials (AMAT), and Western Digital (WDC) despite a broader tech sell-off triggered by Anthropic CEO Dario Amodei's call for an AI slowdown. Cybersecurity stocks also posted weekly gains.
Why it matters — This matters to Lam Research watchers because the semiconductor and memory stock surge indicates strength for the company even amid broader tech-sector concerns about an AI slowdown.
The 35 Wall Street analysts covering Lam Research Corp. have a median 12-month price target of $380, with estimates ranging from $290 to $500. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 35 analysts covering Lam Research Corp., 29 rate it a Buy, 6 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Lam Research Corp. 83 out of 100 across roughly 4,600 US stocks as at 23 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 23 Sept 2026, Lam Research Corp. ranks 83 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (99 of 100).
No one can know that. What the data says: the median 12-month target from 35 analysts implies +23.7% from the last close, and Ticker Nerd's factor model ranks Lam Research Corp. 83 out of 100 as at 23 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Lam Research Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for LRCX are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $290 to $500 over the next 12 months.
Lam Research Corp. returned +140.5% over the 12 months to 24 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
Lam Research Corp. is a semiconductor equipment company that designs, manufactures, markets, refurbishes, and services processing systems used to make integrated circuits.
The most recent item we track (Zacks Investment Research, 23 Sept 2026): "3 Top Chip Equipment Stocks to Buy as AI Demand Fuels BofA Optimism". BofA raised its chip equipment spending forecasts, citing surging AI, memory, and packaging demand. Applied Materials, Lam Research, and KLA are named as companies positioned to benefit from the upgraded outlook.
Lam Research Corp. is a semiconductor equipment company that designs, manufactures, markets, refurbishes, and services processing systems used to make integrated circuits. The company’s products support critical wafer fabrication steps such as thin film deposition, plasma etch, wafer cleaning, and related automation tools, making it an important supplier to chipmakers worldwide. Lam Research serves customers across major semiconductor manufacturing regions, including the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Its equipment is used in both front-end wafer processing and back-end wafer-level packaging, as well as in adjacent manufacturing areas such as microelectromechanical systems. The company plays a central role in the semiconductor supply chain by providing tools that help manufacturers build smaller, more complex, and more precise electronic devices.
CEO Mr. Timothy M. Archer · 23,300 employees · United States · https://www.lamresearch.com
