Lam Research Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Lam Research Corporation (NASDAQ:LRCX) will release its first-quarter earnings report after the closing bell on Wednesday, Oct. 21.

Analysts expect the Fremont, California-based company to report quarterly earnings of $2.18 per share, up from $1.26 per share in the year-ago period. The consensus estimate for LRCX’s quarterly revenue is $8.13 billion. It reported $5.32 billion last year, according to Benzinga Pro.

On Aug. 27, Lam Research increased its quarterly dividend from 26 cents to 33 cents per share.

Lam Research shares dropped 3.2% to close at $263.45 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Shane Brett maintained an Overweight rating and raised the price target from $367 to $385 on Oct. 5, 2026. This analyst has an accuracy rate of 70%.
• B. Riley Securities analyst Craig Ellis maintained a Buy rating and boosted the price target from $350 to $390 on Oct. 1, 2026. This analyst has an accuracy rate of 83%.
• UBS analyst Timothy Arcuri maintained a Buy rating and cut the price target from $435 to $425 on Sept. 1, 2026. This analyst has an accuracy rate of 87%.
• Mizuho analyst Vijay Rakesh maintained an Outperform rating and slashed the price target from $370 to $365 on Aug. 25, 2026. This analyst has an accuracy rate of 83%.
• Wells Fargo analyst Joe Quatrochi maintained an Overweight rating and cut the price target from $450 to $350 on July 30, 2026. This analyst has an accuracy rate of 71%.

Considering buying LRCX stock? Here’s what analysts think:

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