LRCX

A month has gone by since the last earnings report for Qualcomm (QCOM). Shares have added about 35.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Qualcomm due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Qualcomm Surpasses Q2 Earnings Estimates on Solid Auto, IoT DemandQualcomm reported strong second-quarter fiscal 2026 non-GAAP earnings of $2.65 per share, which declined 7% year over year but topped the Zacks Consensus Estimate of $2.57 by 3.11%. Non-GAAP revenues were $10.60 billion, falling 2% year over year and missing the consensus mark of $10.64 billion 0.2%. Diversification remained the key positive, with record automotive sales and continued IoT momentum helping offset handset-related pressure tied to a challenging memory environment and cautious build behavior among certain OEMs. QCOM Posts Mixed Top-Line Performance by End MarketHandsets were the main source of pressure. Qualcomm CDMA Technologies (QCT) handset revenues were $6.02 billion, declining 13% from the year-ago quarter as OEMs, particularly in China, remained cautious on builds amid memory supply and pricing dynamics and continued to draw down channel inventory. Automotive and IoT provided meaningful support. QCT automotive revenues rose 38% year over year to a record $1.33 billion, while QCT IoT revenues increased 9% to $1.73 billion, reflecting growth across consumer and industrial products. Qualcomm Shows Diversification in Segment ResultsQCT segment revenues were $9.08 billion, down 4% year over year, and QCT EBT margin contracted to 27% from 30% a year earlier, reflecting weaker handset revenues and mix. Within QCT, automotive strength and IoT growth helped partially cushion the handset decline. Qualcomm Technology Licensing (QTL) revenues totaled $1.38 billion, up 5% year over year, with QTL EBT margin expanding to 72% from 70%, indicating solid profitability in the licensing business during the quarter. QCOM Leans Into Auto Content and ADAS ExpansionManagement continues to frame automotive as a multi-year content expansion opportunity. Qualcomm highlighted that it exceeded $5 billion in annualized automotive revenues for the first time...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Lam Research (LRCX) is back in focus after Micron signaled heavy AI related capital spending, reinforcing expectations of tight chip supply and multi year capacity builds that feed directly into semiconductor equipment demand. See our latest analysis for Lam Research. Short term, Lam Research’s share price has cooled slightly with a 1 day share price return that declined 1.16%. However, the 30 day share price return of 22.92% and year to date share price return of 72.34%, alongside a very large 1 year total shareholder return of 282.46% and strong multi year total shareholder returns, suggest momentum has been building as investors react to AI driven capex signals, recent earnings beats and growing institutional interest. If AI infrastructure spending is catching your eye, it could be worth broadening your watchlist with other equipment and chip beneficiaries via the 47 AI infrastructure stocks With Lam Research trading slightly above the average analyst target and recent returns already very strong, the key question now is simple: is the stock still undervalued, or is the market already pricing in future growth? At a last close of $318.93 versus a narrative fair value of $309.52, Lam Research is priced slightly above that framework, which relies on rich earnings and margin assumptions. Read the complete narrative. Curious what earnings trajectory and margin profile justify that kind of premium? The narrative relies on faster revenue compounding and higher margins than many investors might expect. Result: Fair Value of $309.52 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this upbeat story still meets some friction, particularly around Lam Research's heavy exposure to China and the cyclic, sometimes lumpy wafer fab equipment spending cycle. Find out about the key risks to this Lam Research narrative. That narrative fair value suggests Lam Research is slightly expensive, but the current P/E of 59.5x paints a more mixed picture. It sits below the US Semiconductor industry average of 68.6x, above the peer average of 54.2x, and above a fair ratio of 48.6x. This combination points to some valuation risk if sentiment cools. If you focus more on earnings multiples than ca...

It has been about a month since the last earnings report for Amkor Technology (AMKR). Shares have added about 2.9% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Amkor Technology due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Amkor Technology, Inc. before we dive into how investors and analysts have reacted as of late. Amkor Technology reported first-quarter 2026 earnings of 33 cents per share, which beat the Zacks Consensus Estimate by 43.48%. The company reported earnings of 9 cents per share in the year-ago quarter.Net sales of $1.68 billion surpassed the Zacks Consensus Estimate by 1.97%. The figure increased 27.5% year over year. The quarter’s performance reflected broad-based end-market strength. Sequentially, sales declined 10.8%, primarily due to seasonality in Communications and Consumer end markets. Amkor’s first-quarter 2026 revenue mix remained tilted toward higher-value work, even as overall sales stepped down sequentially. Advanced products totaled $1.37 billion, up 28.9% year over year but declining 13.2% sequentially as seasonal softness flowed through the broader top line. Mainstream products contributed $313 million, up 21.3% year over year and 1.6% sequentially, providing a steadier baseline relative to the more program-driven advanced mix.Packaging comprised 89% of first-quarter 2026 sales, and test services accounted for 11%. Net sales from the top ten customers represented 68% in the first quarter of 2026 compared with 72% in the fourth quarter of 2025. In the first quarter, Communications revenues increased 42% year over year, supported by strong demand across premium-tier smartphones.Computing revenues rose 19% year over year, with the company citing record AI datacenter revenues even as PCs and laptops remained soft.Automotive and Industrial revenues advanced 28% year over year, and management highlighted record Advanced packaging revenues alongside improving mainstream demand.Consumer revenues grew 4% year over year, driven by a broad-based improvement in demand across customers. Profitability improved materially from the year-ago period. Gross profit was $239.0 million, increased 51.7% year over year, and Gro...

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for Lam Research (LRCX). Shares have added about 16.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Lam Research due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. Lam Research delivered third-quarter fiscal 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate. LRCX reported fiscal third-quarter non-GAAP earnings of $1.47 per share, beating the Zacks Consensus Estimate by 8.1%. The bottom line increased 41.3% on a year-over-year basis. In the third quarter of fiscal 2026, LRCX reported revenues of $5.84 billion, which rose 23.8% year over year and surpassed the consensus estimate by 1.3%. Strength was supported by an accelerating AI-driven semiconductor demand backdrop and a record quarter for customer support activities. In the third quarter of fiscal 2026, Systems revenues were $3.73 billion (63.9% of total revenues), up 24% on a year-over-year basis. The Zacks Consensus Estimate for Systems revenues was pegged at $3.82 billion. Customer Support Business Group revenues totaled $2.11 billion (36.1% of total revenues), which increased 25.3% on a year-over-year basis, reflecting continued expansion across spares, upgrades and services. The Zacks Consensus Estimate for Customer Support Business Group revenues was pegged at $1.93 billion. During the quarter, China contributed 34% of total revenues, Taiwan 23%, and Korea 23%. Other regions like Japan contributed 8%, the United States 6%, Southeast Asia 4%, and Europe 2%. Lam Research posted fiscal third-quarter non-GAAP gross margin of 49.9%, improving 20 basis points from 49.7% in the previous quarter. Management attributed performance to a favorable customer and product mix as well as improved factory efficiencies, supported by prior work to enhance the global manufacturing footprint. Non-GAAP operating expenses were $866 million in the fiscal third quarter, up from $827 million in the prior quarter, driven by seasonal employee-related costs and higher headcount to support growth. Even with higher spending, non-GAAP operating margin expanded 70 basis points to 35.0%, up from 34.3% in...

Lam Research has been on fire lately. In the past six months alone, the company’s stock price has rocketed 86.6%, reaching $286.10 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now still a good time to buy LRCX? Or are investors being too optimistic? Find out in our full research report, it’s free. Founded in 1980 by David Lam, the man who pioneered semiconductor etching technology, Lam Research (NASDAQ:LRCX) is one of the leading providers of wafer fabrication equipment used to make semiconductors. A company’s long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Lam Research grew its sales at a solid 10.3% compounded annual growth rate. Its growth beat the average semiconductor company and shows its offerings resonate with customers. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions (which can sometimes offer opportune times to buy). Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Lam Research has been a well-oiled machine over the last two years. It demonstrated elite profitability for a semiconductor business, boasting an average operating margin of 32.8%. Growth gives us insight into a company’s long-term potential, but how capital-efficient was that growth? Enter ROIC, a metric showing how much operating profit a company generates relative to the money it has raised (debt and equity). Lam Research’s five-year average ROIC was 64.2%, placing it among the best semiconductor companies. This illustrates its management team’s ability to invest in highly profitable ventures and produce tangible results for shareholders. These are just a few reasons Lam Research is a rock-solid business worth owning, and with the recent surge, the stock trades at 39.7× forward P/E (or $286.10 per share). Is now the time to buy despite the apparent froth? See for yourself in our full research report, it’s free. ALSO WORTH WATCHING...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Lam Research (NasdaqGS:LRCX) reports record quarterly revenue and earnings per share as AI-linked demand for semiconductor manufacturing equipment accelerates. The company highlights structural margin expansion tied to advanced packaging and a major NAND conversion cycle. Management lifts its outlook for wafer fabrication equipment spending and advanced packaging revenue into 2026. Lam Research (NasdaqGS:LRCX) sits at the center of semiconductor manufacturing, supplying equipment used to build and process chips. Recent results point to record sales and earnings, supported by AI workloads that require more complex memory, storage, and packaging technologies. For investors, this development ties Lam more closely to the buildout of AI data centers and advanced computing infrastructure. What stands out is the shift in profitability, with management framing margins and service revenue as increasingly structural rather than purely cyclical. With an industrywide NAND conversion cycle underway and higher expectations for future capital spending, Lam is positioning its tools and services for a bigger role across the chip supply chain. This creates a different discussion around the stock, moving the focus away from short term trading or headline-driven moves and toward the company’s evolving role in the industry. Stay updated on the most important news stories for Lam Research by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Lam Research. See which insiders are buying and buying and selling Lam Research following this latest news. ⚖️ Price vs Analyst Target: At US$299.15, the stock sits about 3.7% below the US$310.47 analyst price target, which is within the typical 10% band. ❌ Simply Wall St Valuation: Shares are described as trading 136.8% above estimated fair value, which flags a rich valuation. ✅ Recent Momentum: A 30 day return of 9.8% shows the market has reacted positively to the recent AI driven growth story. There is only one way to know the right time to buy, sell or hold Lam Research. Head to the Simply Wall St company report for the latest analysis of Lam Research's Fair Value.. 📊 Record revenue, strong EPS and structural margin expansion tie the investment case more closely to AI data...

The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.06%. June E-mini S&P futures (ESM26) are up +0.19%, and June E-mini Nasdaq futures (NQM26) are up +0.05%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump said Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as abo...

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.19%. Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Broadcom Hits a Bottleneck as OpenAI Revenue Concerns Claim Their First Casualty Dan Ives Can’t Make It Any Clearer: Palantir Stock Is Still a ‘Golden Goose’ Despite Q1 Earnings Fears Palantir Stock Has a ‘High-Class Problem’: Demand for Its Software Is Far Outpacing Supply Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones. Today’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million. Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y. WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US an...

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. KLA (NasdaqGS:KLAC) is highlighted as a key supplier as AI driven semiconductor demand strains global equipment capacity. The company, alongside peers such as ASML and Lam Research, is reported to be running at or near full capacity as chipmakers scale advanced AI manufacturing. Industry wide bottlenecks in critical inspection and process control tools raise questions about how quickly new AI focused fabs can be equipped. KLA sits at the center of this buildout, supplying inspection and metrology tools that are essential for producing cutting edge chips used in AI workloads. The stock last closed at $1,732.90, with a 1 year return of 157% and a 5 year return that is more than 5x, which underscores how closely investors are linking NasdaqGS:KLAC to the AI infrastructure theme. Recent moves, including a 14.2% gain over the past 30 days and a 36.0% return year to date, reflect that connection. For investors, KLA's role as a gatekeeper for advanced manufacturing capacity is central to the broader AI story, and it also brings attention to supply constraints that could affect equipment lead times and project schedules. The current situation raises practical questions about how chipmakers prioritize tool allocations, how long capacity remains tight, and what that might mean for companies tied to AI demand along the semiconductor supply chain. Stay updated on the most important news stories for KLA by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on KLA. See which insiders are buying and buying and selling KLA following this latest news. KLA’s latest quarter and buyback activity give you a clearer read on how investors and management are reacting to AI driven demand and tight equipment supply. Revenue of US$3,415.08m and net income of US$1,200.99m for the March 2026 quarter, together with guidance that points to Q4 revenue around US$3.575b at the midpoint, show that KLA is converting the current AI capacity buildout into higher sales and earnings. At the same time, the company repurchased 439,596 shares for US$625.5m in the March quarter and has now bought back 19,298,833 shares, or 13.73% of its stock, under the June 2022 program. For investors, that combination of reported earnings, forward guidan...

nLIGHT, Inc. LASR is scheduled to report first-quarter 2026 earnings after market close on May 7. For the first quarter, LASR anticipates revenues between $70 million and $76 million. The Zacks Consensus Estimate for revenues is pinned at $71.2 million, indicating an improvement of 37.8% from the year-ago quarter’s revenues of $51.7 million. The consensus mark for first-quarter earnings is pegged at 8 cents per share, revised up by 2 cents over the past 60 days. This signifies a robust improvement from the year-ago quarter’s loss of 4 cents per share. Image Source: Zacks Investment Research The stock has surpassed the Zacks Consensus Estimate for earnings twice in the trailing four quarters, matching on one occasion and missing once, the average surprise being 50.4%. nLight price-eps-surprise | nLight Quote Our proven model does not conclusively predict an earnings beat for nLIGHT this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. nLIGHT has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. The company’s first-quarter results are likely to reflect the benefits of strong demand from the aerospace and defense (A&D) end market. In the A&D space, nLIGHT is tapping into areas like directed energy systems, missile defense and laser sensing, all of which are long-term funding priorities for the Department of Defense (DoD). With defense programs benefiting from rising spending in the United States and among allied nations, the company’s A&D segment is likely to have witnessed strong year-over-year growth in the to-be-reported quarter. The directed energy end market was a key reason behind the strong performance of its Aerospace and Defense (A&D) business in 2025. A&D revenues rose 60% year over year to a record $175 million, and management said directed energy was one of the main contributors. The company believes it is well-positioned in this market because it offers products across the full stack, from laser chips and components to high-energy laser systems and full laser weapon modules. nLIGHT’s laser sensing products are used in missile guidance, prox...