What to Expect From Lam Research’s Q2 2025 Earnings Report

Company Overview - Lam Research Corporation (LRCX) is valued at $274.3 billion and is a leading supplier of advanced semiconductor manufacturing equipment and services, focusing on wafer fabrication processes such as etching, deposition, and wafer cleaning [1] - Founded in 1980, the company is essential for producing complex and miniaturized chips used in data centers, mobile devices, automotive electronics, and AI applications [1] Earnings Expectations - LRCX is expected to announce its fiscal second-quarter earnings for 2026 on January 28, with analysts predicting a profit of $1.16 per share, a 27.5% increase from $0.91 per share in the same quarter last year [2] - For the current fiscal year, analysts anticipate an EPS of $4.79, reflecting a 15.7% increase from $4.14 in fiscal 2025 [3] Stock Performance - LRCX shares have increased by 183.4% over the past year, significantly outperforming the S&P 500 Index's 17.7% gains and the Technology Select Sector SPDR Fund's 25% gains during the same period [4] - On January 9, LRCX shares rose by 8% after Goldman Sachs raised its price target to $180 from $160, maintaining a "Buy" rating due to improving fundamentals in the semiconductor industry [5] Analyst Ratings - The consensus opinion on LRCX stock is moderately bullish, with a "Moderate Buy" rating overall; 20 out of 31 analysts recommend a "Strong Buy," 2 suggest a "Moderate Buy," and 9 give a "Hold" rating [6] - Although LRCX currently trades above its mean price target of $173.01, the highest price target of $265 indicates a potential upside of 21.4% from current market prices [6]