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LRCX

Lam Research Corp

OPPORTUNISTIC BUY Analysis generated 2026-10-04 Market data as of 2026-11-12 Market data 3 days old USD 233.78 Technology - SemiconductorsIN BUY ZONE
ACTIONABLEMethodology gates passed
54

Position levels

Currenttoday
USD 233.78
Buy <=wait / entry
USD 278.33
Trim >=take some off
USD 365.00
Thesis breakA material reduction in orders from a named major memory or foundry customer (or...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case19%100 / 10019.0
Base case51%62 / 10031.6
Bear case30%10 / 1003.0
Weighted conviction54 / 100 - OPPORTUNISTIC BUY

Top risks

  • Q4 2026 EPS beat of $1.82 vs $1.68 estimate (+8.33%) with record revenue of $6.72B
  • September quarter revenue guidance of $8.1B ?$400M (>20% sequential growth) and raised WFE outlook to low $150B for 2026
  • Record Non-GAAP gross margin 52.0% and operating margin 38.4%
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.

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