Lam Research Corporation (LRCX) earnings on July 29, 2026

After the market closes Q2 2026

More Lam Research Corporation earnings

Prior outlook: Optimistic Outcome: Accurate

Lam Research shares surged after earnings, driven by an improved outlook for chip equipment demand.

LRCX price around the earnings

297.72

Change: +18.0%

2026-07-30, 20:00 UTC

Start of the measured window End of the measured window
250.46 271.46 292.45 313.45 252.35
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 29, 2026 July 30, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Strong analyst conviction and a strong recent record of beating earnings contrast with a severe price selloff, creating bounce potential after a strong recent drop.

Context analyzed before publication

Trend
Severe price selloff, creating after a strong recent drop conditions and bounce potential into earnings.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.49
Analysts covering the stock
31
Average price target
372.32
Lowest price target
220
Highest price target
500
Upside to price target
45.2%
Quarterly earnings growth
37.2%
Revenue growth
23.8%
Forward EPS
8.18
Trailing EPS
5.28
Analyst moves in the last 60 days
10
  • Strong buy: 4
  • Buy: 25
  • Hold: 5
  • Sell: 0
  • Strong sell: 1
Strong buy
4
Buy
25
Hold
5
Sell
0
Strong sell
1
  • July 20, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
  • July 10, 2026 · Stifel: Maintains rating (Buy → Buy)
  • July 10, 2026 · Needham: Maintains rating (Buy → Buy)
  • July 9, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 9, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • July 6, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • June 30, 2026 · Susquehanna: Maintains rating (Positive → Positive)
  • June 29, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
  • June 23, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • June 22, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (2)

Technicals

Evidence

Price when the context was analyzed
269.59
Average true range (ATR)
8.7%
Distance to 52-week high
-40.9%
14-day change (14d)
-22.1%
30-day change (32d)
-28.7%
30-day relative strength
-24.4%
QQQ change (32d)
-4.3%
Nearest support
265.96
Distance to nearest support
1.4%
Nearest resistance
273.07
Distance to nearest resistance
1.3%
Volume accumulation ratio (14d / 46d)
0.92
  • Mid: 265.96 (1.4% away, 0.16 ATR, 10 touches)
  • Minor: 263.18 (2.4% away, 0.27 ATR, 6 touches)
  • Mid: 258.75 (4% away, 0.46 ATR, 10 touches)
  • Minor: 273.07 (1.3% away, 0.15 ATR, 5 touches)
  • Mid: 276.27 (2.5% away, 0.29 ATR, 3 touches)
  • Mid: 280.32 (4% away, 0.46 ATR, 7 touches)

Trends

Evidence

Average earnings surprise
+7.5%
  • April 22, 2026: actual EPS 1.47 vs estimate 1.36 (surprise +7.9%)
  • January 28, 2026: actual EPS 1.27 vs estimate 1.17 (surprise +8.7%)
  • October 22, 2025: actual EPS 1.26 vs estimate 1.22 (surprise +3.3%)
  • July 30, 2025: actual EPS 1.33 vs estimate 1.21 (surprise +10.4%)

Expected move

Implied move
+8.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.4%
75th percentile move
7%
90th percentile move
7.9%
Up / down moves
12 / 8
Average up move
+5.0%
Average down move
-4.7%

Monitoring and close

What Lam Research Corporation reported

Status
Finished
Actual EPS1.82
EPS estimate1.68
EPS surprise+8.3%
Revenue$6,722 million
Revenue estimate$6,665 million
Revenue surprise+0.9%

Lam Research surges 23% after beating estimates. Mizuho says 'vibes market' ignores solid results. ASML and others also cited.

Sources (32)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue and the price is indicating +11.4% pre-market, a move 3x the stock's usual reaction (about 4%). The figures confirm the optimistic scenario. Across our market history, in the 1,421 similar cases the close held that direction 96% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+18.0%
Max favorable move (MFE)
26.6%
Max adverse move (MAE)
0.9%