Lam Research stock gains 3.58 percent as estimates rise

Published on 09/22/2026 at 14:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock closed at USD 298.42 on September 21, 2026, after a 3.58 percent gain. September-quarter revenue is forecast at USD 8.1 billion.

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Lam Research stock closed at USD 298.42 on Nasdaq on September 21, 2026, gaining 3.58 percent from the prior close. The move came as market estimates pointed to another sharp increase in quarterly revenue and earnings.

Revenue estimates point higher

For the September 2026 quarter, the consensus cited by Zacks on September 22, 2026, projected earnings of USD 2.15 per share and revenue of USD 8.1 billion. The revenue estimate represented 52.1 percent growth from the comparable quarter, while the earnings estimate implied 70.63 percent growth from the prior-year period.

The forecast gives the stock a clear operating benchmark: Lam Research would need to convert semiconductor equipment demand into more than USD 8 billion of quarterly sales. For fiscal year 2026, the same estimate set revenue at USD 34.48 billion and earnings at USD 9.33 per share, increases of 48.42 percent and 60.59 percent, respectively, from the prior year.

Strong quarter sets the baseline

Lam Research reported USD 6.72 billion of revenue and USD 1.82 in earnings per share for the quarter ended June 2026, according to MarketBeat on September 21, 2026. EPS exceeded the USD 1.69 consensus by USD 0.13, while revenue rose 30.0 percent year over year from USD 5.17 billion.

Management set guidance for the September 2026 quarter at USD 2.00 to USD 2.30 in EPS, placing the Zacks consensus of USD 2.15 within the company range. The comparison matters because the current estimate is not only above the preceding quarter's reported revenue of USD 6.72 billion, but also sits above the midpoint of the published EPS guidance.

Stock remains below yearly high

The September 21 closing price stood below the quoted 52-week range high of USD 438.50 and above the low of USD 125.00. Trading volume reached about 19.6 million shares, according to the dated Nasdaq market snapshot, while the Nasdaq Composite gained 0.4 percent during the same session.

The next earnings report is scheduled for October 21, 2026, according to Yahoo Finance. That date gives investors a defined checkpoint for testing whether the USD 8.1 billion September-quarter revenue estimate is translating into reported results.

Lam Research stock holds USD 298.42

Lam Research stock closed at USD 298.42 on Nasdaq on September 21, 2026, after the 3.58 percent session gain. The reference range was USD 125.00 to USD 438.50 over the preceding 52 weeks.