These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results

by | Jan 29, 2026 | General

Lam Research Corp. (NASDAQ:LRCX) posted upbeat second-quarter earnings on Wednesday.

Lam Research reported quarterly earnings of $1.27 per share, which beat the Street estimate of $1.17 by 8.45%, according to Benzinga Pro. Quarterly revenue of $5.35 billion beat the analyst consensus estimate of $5.24 billion and was up from $4.38 billion from the same period last year.

“Lam delivered another strong quarter to cap a record year,” said Tim Archer, Lam Research CEO.

Lam Research is looking for third-quarter adjusted EPS of $1.25 to $1.45, versus the $1.20 analyst estimate and third-quarter revenue of $5.4 billion to $6 billion, versus the $5.3 billion analyst estimate.

Lam Research shares rose 2.9% to $246.50 in pre-market trading.

These analysts made changes to their price targets on Lam Research following earnings announcement.

  • Needham analyst Charles Shi maintained Lam Research with a Buy and raised the price target from $250 to $300.
  • Evercore ISI Group analyst Mark Lipacis maintained Lam Research with an Outperform rating and raised the price target from $241 to $275.
  • Susquehanna analyst Mehdi Hosseini maintained the stock with a Positive and raised the price target from $250 to $325.
  • Cantor Fitzgerald analyst C.J. Muse maintained Lam Research with an Overweight rating and raised the price target from $265 to $320.

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

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