What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?

5 days ago 11

Faheem Tahir

Thu, June 4, 2026 astatine 11:11 AM CDT 2 min read

Showing beardown hedge money and Wall Street support, Lam Research Corporation (NASDAQ:LRCX) ranks among the best AI infrastructure stocks and carries an upside imaginable of 21.0% (street high). Wafer fab instrumentality request is getting a important rerating from Wall Street, and Lam Research is 1 of the clearest beneficiaries. Thus, expert sentiment connected Lam Research Corporation (NASDAQ:LRCX) remains beardown arsenic of June 1, 2026, with a street-high terms people of $385 and 29 of 36 analysts maintaining bullish ratings.

What Do Analysts Say About Lam Research (LRCX)'s Earnings Outlook?

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The astir caller upgrade came connected May 27, 2026, erstwhile Mizuho raised its terms people connected Lam Research Corporation (NASDAQ:LRCX) to $380 from $330 and kept an “Outperform” rating.

The steadfast lifted its wafer fab instrumentality spending estimation for 2026 to $153 cardinal from $142 billion, and for 2027 to $190 cardinal from $163 billion. Mizuho argued that existent net estimates for Lam Research, Applied Materials, and MKS stay underestimated, with the wafer fab instrumentality abstraction continuing to payment from NAND node transitions, TSMC spending, and DRAM and precocious bandwidth representation pricing strength.

That followed a May 18, 2026, upgrade from Morgan Stanley, which moved Lam Research Corporation (NASDAQ:LRCX) to “Overweight” from “Equal Weight” with a terms people of $331, up from $293. The steadfast said its DRAM wafer fab instrumentality revisions person narrowed and that it has grown much constructive connected NAND revisions from here, citing assurance successful Lam’s 2027 stock gains.

Earlier, connected May 12, 2026, B. Riley raised its terms people to $385 from $350, maintaining a “Buy” rating. The steadfast cited faster-than-expected AI investment, with rising hyperscaler and neo-cloud request driving sharply higher 2026 to 2028 capex estimates, and tightening supply-demand fundamentals supporting beardown semiconductor net revisions.

Lam Research Corporation (NASDAQ:LRCX) supplies semiconductor manufacturing instrumentality and services globally.

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