Bernstein keeps a USD 350.00 target for Lam Research stock

Published on 10/27/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September-quarter revenue rose 22.00 percent to USD 8.22 billion. Lam Research stock costs EUR 214.65 on October 27, 2026 at 5:47 p.m. CEST.

Analyst target and quarterly growth

Bernstein maintained a Buy rating and a USD 350.00 target on October 26, 2026.
September-quarter revenue rose 22.00 percent quarter over quarter to USD 8.22 billion.
Lam Research stock costs EUR 214.65 at Lang & Schwarz on October 27, 2026 at 5:47 p.m. CEST.
The annual shareholders meeting is scheduled for November 3, 2026.

Lam Research, US5128073062, Illustration mit AI erstellt.

Bernstein maintained a Buy rating and a USD 350.00 price target for Lam Research on October 26, 2026, according to Markets Insider. The call puts the target 46.47 percent above the Nasdaq price of USD 239.27 at 12:50 p.m. ET on October 27, 2026. Lam Research stock was trading at EUR 214.65 at Lang & Schwarz on October 27, 2026 at 5:47 p.m. CEST.

Revenue reached USD 8.22 billion

Lam Research reported September-quarter revenue of USD 8.22 billion, up 22.29 percent from USD 6.72 billion in the June quarter. GAAP net income rose to USD 2.75 billion from USD 1.57 billion in the year-earlier quarter, while operating cash flow reached USD 3.50 billion.

The revenue figures and quarterly comparison were reported by EL7.AI on October 21, 2026. Equipment revenue was USD 5.73 billion in the September quarter, compared with USD 4.25 billion in the June quarter, making that business the main contributor to the sequential increase.

Nasdaq range stays wide

Lam Research traded between USD 230.51 and USD 241.25 on Nasdaq on October 27, 2026, with volume of 11.67 million shares. Its 52-week range was USD 135.50 to USD 438.50, leaving the stock 45.67 percent below the high and 76.40 percent above the low.

The Nasdaq quote showed a market capitalization of USD 296.7 billion and a trailing P/E ratio of 35.34 on October 27, 2026. The dividend yield was 0.56 percent, with the latest dividend listed at USD 0.33 and an ex-dividend date of September 23, 2026.

What dates matter next?

Lam Research expects December-quarter revenue of USD 8.60 billion, plus or minus USD 400.00 million, and adjusted diluted earnings per share of USD 2.33, plus or minus USD 0.15. The company also targets an adjusted operating margin of 40.50 percent for that period, according to EL7.AI.

The next scheduled date is Lam Research's annual shareholders meeting on November 3, 2026, at 9:30 a.m. Pacific time, as reported by EL7.AI. The December-quarter report will be the next operating test after the September quarter's revenue increase.

Comparison with peers

Lam Research: market capitalization USD 296.7 billion and P/E 35.34 on October 27, 2026.

Applied Materials: up 1.97 percent, P/E 34.05, market capitalization USD 313.6 billion on October 27, 2026.

ASML Holding: up 2.82 percent, P/E 42.04, market capitalization USD 629.6 billion on October 27, 2026.

Price and investor view

The analyst target and the quarterly figures point to two separate reference points for Lam Research: valuation remains tied to a P/E of 35.34, while September-quarter revenue advanced 22.29 percent from the June quarter. The next dated corporate event is the November 3, 2026 annual meeting.

Lam Research was trading at EUR 214.65 at Lang & Schwarz on October 27, 2026 at 5:47 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Lam Research stock.