Analysts anticipate Lam Research will report consensus revenue of $5.70 billion and earnings per share of $1.36, while the stock currently trades at $267.60, above the consensus price target of $246.94. The primary focus for the report is the company’s 2026 Wafer Fabrication Equipment (WFE) spending forecast, which management previously projected at approximately $135 billion.
Investors are specifically watching for potential gross margin compression to 49.0% as the firm navigates regional mix shifts and tariff-related headwinds. Continued strength in advanced logic and high-bandwidth memory (HBM) systems is expected to offset these cost pressures and support long-term revenue momentum.