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Last update: Oct 23, 7:59 PM
Lam Research Corp
LRCXNASDAQ
Lam Research (LRCX) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Lam Research (LRCX) last issued guidance on October 21, 2026 for Q2 2027. The company guided earnings per share in the range of $2.18 - $2.48, compared to a consensus EPS estimate of $2.3. Lam Research also guided revenue in the range of $8.2B - $9B for the period.
Compared to prior guidance, Lam Research raised its revenue forecast from a prior range of $7.7B - $8.5B.
Lam Research has issued 16 guidance updates between January 25, 2023 and October 21, 2026. During this period, the company raised its outlook 12 times and lowered it 1 time, providing investors with insight into management's evolving expectations.
| Metric | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $2.18 | $1.68 | $1.36 | $1.17 |
| Actual | $2.20 | $1.82 | $1.47 | $1.27 |
| Surprise | +0.92% | +8.33% | +8.09% | +8.55% |
| Revenue | ||||
| Estimate | $8.14B | $6.66B | $5.76B | $5.24B |
| Actual | $8.22B | $6.72B | $5.84B | $5.34B |
| Surprise | +1.00% | +0.99% | +1.36% | +2.09% |
| Metric | Q2 '27E | Q3 '27E | Q4 '27E | Q1 '28E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $2.33 | $2.46 | $2.52 | $2.64 |
| Revenue | ||||
| Consensus | $8.61B | $8.98B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q1 | Oct 21, 2026 | $2.20 | $2.18 | 0.92 % |
| Q4 | Jul 29, 2026 | $1.82 | $1.68 | 8.33 % |
| Q3 | Apr 22, 2026 | $1.47 | $1.36 | 8.09 % |
| Q2 | Jan 28, 2026 | $1.27 | $1.17 | 8.55 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q1 | Oct 21, 2026 | $8.22B | $8.14B | 1.00 % |
| Q4 | Jul 29, 2026 | $6.72B | $6.66B | 0.99 % |
| Q3 | Apr 22, 2026 | $5.84B | $5.76B | 1.36 % |
| Q2 | Jan 28, 2026 | $5.35B | $5.24B | 2.09 % |
