Lam Research (LRCX) Outpaces Stock Market Gains: What You Should Know
Lam Research (LRCX) reached $347.49 at the closing of the latest trading day, reflecting a +2.17% change compared to its last close.
Lam Research (LRCX) reached $347.49 at the closing of the latest trading day, reflecting a +2.17% change compared to its last close.
Lam Research Corporation is poised for robust September Quarter results that show accelerating growth and expanding margins. The company's history of top and bottom line outperformance underpins the confidence in growth and profitability. Profitability improvements stem from strategic operational efficiencies and pricing power, with non-GAAP gross margin and operating margin set to climb.
Here is how Lam Research (LRCX) and Avnet (AVT) have performed compared to their sector so far this year.
FREMONT, Calif., Sept. 30, 2026 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, October 21, 2026, beginning at 2:00 p.m.
Lam Research and Applied Materials manufacture semiconductor manufacturing equipment, and their growth rates have accelerated as a result. Both stocks are trading at attractive valuations following the recent slide in their stock prices.
Shares of Navitas Semiconductor (NASDAQ:NVTS) were surging premarket, though the stock has since pared gains, last seen up 2% to trade at $11.96, after the company was selected to produce chips for the U.S. Army's ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program.
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Lam Research is strategically positioned to benefit from accelerating AI CapEx spending, particularly in US data center buildouts. LRCX's expanding gross profit margins and strong demand for AI chips support potential revaluation to a ~30x P/E, implying at least 12% upside from current levels. Recent robust TSMC results for the month of August and projected AI infrastructure spending highlight a favorable supply-demand environment for LRCX and peers.
Micron's upcoming earnings report on Sept. 30 could spark a rally in memory stocks, including Lam Research.
In the most recent trading session, Lam Research (LRCX) closed at $315.56, indicating a +2.73% shift from the previous trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Applied Materials, Lam Research and KLA stand to benefit as BofA lifts chip equipment spending forecasts amid surging AI, memory and packaging demand.
REX Advisers will launch the REX AI Chipmaking ETF (CHIP) on Nasdaq Wednesday, according to the fund's prospectus. The fund invests in the equipment makers that build the physical machinery behind artificial intelligence (AI) chips, rather than the companies that design them.
LRCX targets mid-40% operating margins as rising revenues, AI-driven demand and higher-margin services support expansion over several years.
Lam Research (NASDAQ: LRCX - Get Free Report) and Astera Labs (NASDAQ: ALAB - Get Free Report) are both large-cap technology companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, analyst recommendations, risk, earnings, profitability and institutional ownership. Risk and Volatility Lam Research has a
Lam Research Corporation (NASDAQ: LRCX - Get Free Report) rose 7% during trading on Friday. The company traded as high as $288.27 and last traded at $288.11. 19,460,364 shares were traded during trading, an increase of 78% from the average session volume of 10,906,524 shares. The stock had previously closed at $269.31. Analysts Set New
Nvidia grew revenue 106% year over year to $96.2 billion in its latest quarter, and management is forecasting about 70% revenue growth in fiscal 2028. Broadcom says it has already secured the manufacturing supply to double its AI chip revenue to about $115 billion next fiscal year.
Marley Kayden reviews the market's performance, noting a surge in semiconductor and memory stocks like Applied Materials (AMAT), Lam Research (LRCX), and Western Digital (WDC) despite a tech sell-off triggered by Anthropic CEO Dario Amodei's call for an AI slowdown. Cybersecurity stocks also show weekly gains.
Chip equipment stocks are pulling ahead of the broader semiconductor group in Friday morning trading, with buying concentrated in the tools layer rather than across chip designers and foundries.
Even after its massive gains over the past several years, Nvidia looks undervalued. AMD is making competitive strides in AI chips, but its valuation may have gotten ahead of the business.