Lam Research Q3 2026 Earnings Call: Complete Transcript - Lam Research (NASDAQ:LRCX)

JPMorgan Just Crowned Lam Research With a $315 Target. Is the Chip Equipment Supercycle Just Getting Started?

The post JPMorgan Just Crowned Lam Research With a $315 Target. Is the Chip Equipment Supercycle Just Getting Started? appeared first on 24/7 Wall St.. Quick Read Lam Research (LRCX) reported March-quarter revenue of $5.84B (up 24% year-over-year) and non-GAAP EPS of $1.47, beating consensus, with JPMorgan raising its price target to $315 and Goldman Sachs raising its target to $290. The semiconductor industry’s AI-driven capex surge is exten…

Lam Research signals sustained AI-driven momentum as WFE outlook improves

Lam Research delivered a strong start to 2026, with first-quarter 2026 results exceeding expectations and reinforcing confidence in a semiconductor upcycle increasingly shaped by artificial intelligence demand. Revenue reached US$5.84 billion, up 24% year over year, while margins and earnings also came in above guidance.

Lam Research (LRCX) Q3 2026 Earnings Transcript

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Lam Research Q3 2026 Earnings Call: Complete Transcript - Lam Research (NASDAQ:LRCX)

Lam Research Non-GAAP EPS of $1.47 beats by $0.11, revenue of $5.84B beats by $80M (NASDAQ:LRCX)

Lam Research (LRCX) Q3 earnings: non-GAAP EPS and revenue beat estimates, sales up 23.7% YoY, shares rise.

Lam Research (LRCX) Stock Surges on Strong Q3 Beat and Optimistic Outlook

Key Highlights Fiscal Q3 earnings per share reached $1.47, surpassing the Street’s $1.36 projection, while revenue hit $5.84 billion—representing 24% annual growth. Forward guidance for Q4 significantly exceeded analyst expectations on both top and bottom lines. Profit margins expanded approximately 100 basis points to 50.5%, supported by favorable product mix and operational improvements. Bank of America upgraded its price objective to $330 fr…