Lam Research (LRCX) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.20
- Estimate
- $2.18
- Surprise
- +0.9%
- Revenue (period 2026-09-27)
- $8.22B
- Score today
- 6.8/10
Revenue source: xbrl.
How the report landed
Lam Research (LRCX) beat the $2.18 estimate with adjusted EPS of $2.20 — a modest 0.9% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates LRCX Buy (Wait) at 6.8/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +0.9% surprise compares with a +6.4% four-quarter average. Next scheduled report: 2027-01-27.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.5 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Supplier: single supplier components
- Sector modifier (Technology): -0.8
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $254.39
- Entry target
- $241.86
- Price target
- $334.91
- Stop
- $224.93
- Upside to target
- +31.7%
- Reward-to-risk
- 2.7:1
The stock trades at 37.9× trailing but 20.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 25 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
LRCX at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductor Equipment & Materials
- Market cap
- $318.35B
- P/E (fwd)
- 20.9
- P/E (ttm)
- 37.9
- 52-week range
- $135.50–$438.50
- Off 52-week high
- 42.0%
- RSI (14)
- 25
- Volume vs avg
- 0.96×
- Score today
- 6.8/10