LRCX

It has been about a month since the last earnings report for Lam Research (LRCX). Shares have added about 7% 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 the most recent earnings report in order to get a better handle on the important drivers. Lam Research delivered fourth-quarter fiscal 2026 non-GAAP earnings of $1.82 per share, which beat the Zacks Consensus Estimate by 7.69%. Non-GAAP earnings per share jumped nearly 37% year over year and 24% sequentially, primarily driven by strong pricing, scale efficiencies and better product mix. Lam Research’s fourth-quarter revenues increased 30% year over year and 15% sequentially to $6.72 billion and surpassed the consensus estimate by 0.73%. NAND revenues more than doubled sequentially, while the Customer Support Business Group delivered its third consecutive quarter of record revenues. Systems revenues totaled $4.25 billion, up 23.6% from the year-ago quarter. Memory accounted for 46% of systems revenues, up from 39% in the preceding quarter. Non-volatile memory accounted for 23% of systems revenues, up from 12% in the previous quarter, as customers invested in conversions to 256-layer-and-above devices for enterprise solid-state drives. DRAM contributed 23%, with spending focused on wafer additions and upgrades across 1-alpha, 1-beta and 1-gamma nodes. Foundry accounted for 44% of systems revenues compared with 54% in the March quarter. Leading-edge investments in 2-nanometer and 3-nanometer capabilities and advanced packaging largely offset lower mature-node spending in China. Taiwan generated 27% of total revenues and reached a record dollar level. China contributed 26%, down from 34% sequentially, while Korea represented 20%. Japan and the United States accounted for 9% each. Customer support-related revenues and other revenues climbed 42.6% year over year to $2.47 billion. The business benefited primarily from record upgrade revenues, with additional growth in Reliant systems and services. Management expects upgrades to remain strong due to NAND investment, while high industry utilization should support spares and service demand. Equipment Intelligence and Dextro maintenance automation solutions are also expanding from NAND into DRAM, creating additional service opportunities. Non-GAAP gross margin reached 52%, up 210 basis points sequentially. Pricing actions, operational and scale efficiencies, and favorable product mix drove the improvement. Non-GAAP operating expenses rose to $916 million from $866 million in the prior quarter. Higher headcount and variable compensation increased spending, while research and development represented 67% of operating expenses. Despite the increase, non-GAAP operating margin expanded 340 basis points to 38.4%. Management now expects calendar 2026 wafer fabrication equipment spending in the low-$150-billion range, up from its prior $140-billion outlook with an upside bias. Lam Research expects 2026 to mark a third consecutive year of relative outperformance versus industry spending. AI-driven requirements are increasing demand for flash storage, advanced DRAM, leading-edge foundry architectures and larger chip packages. Lam Research is moving faster toward its target of a high-30% served available market share of WFE, supported by rising etch and deposition intensity. Cash, cash equivalents and restricted cash increased to $5.60 billion from $4.77 billion in the previous quarter. Operating cash flow was $1.46 billion, while capital expenditures totaled $189 million as Lam Research invested in U.S. laboratories and global manufacturing capacity. In fiscal 2026, the company generated operating cash flow of $5.86 billion. Inventories rose to $4.28 billion from $4.00 billion in the previous quarter as the company prepared for stronger customer demand, though inventory turns improved to 3.0 from 2.9. Lam Research repurchased $246 million of shares and paid $325 million in dividends during the quarter. In fiscal 2026, it repurchased shares worth $3.85 billion and paid $1.27 billion in dividends. For the first quarter of fiscal 2027, Lam Research projects revenues of $8.10 billion, plus or minus $400 million. The midpoint implies growth of more than 20% from the June quarter. The company expects non-GAAP gross margin of 52%, plus or minus one percentage point, and operating margin of 39.5%, plus or minus one point. Non-GAAP earnings are expected to be $2.15 per share, plus or minus 15 cents, based on 1.255 billion diluted shares. In the past month, investors have witnessed a upward trend in estimates revision. The consensus estimate has shifted 17.75% due to these changes. Currently, Lam Research has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the fifth quintile for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Lam Research has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. 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

CrowdStrike Holdings, Inc. CRWD reported non-GAAP earnings of 31 cents per share for the second quarter of fiscal 2027, surpassing the Zacks Consensus Estimate by 6.9%. The bottom line increased 34.8% year over year. Revenues of $1.47 billion beat the consensus estimate by 2.2% and increased 25.8% year over year. Record net new annual recurring revenue (ARR), with accelerating Falcon Flex adoption and AI-security demand, supported the quarter. Subscription revenues increased 27% year over year to $1.4 billion. Professional services revenues rose 7% to $70.61 million. Management said international revenue growth accelerated for the fifth consecutive quarter. The geographic revenue mix was approximately 65% from the United States and 35% from international markets. CrowdStrike price-consensus-eps-surprise-chart | CrowdStrike Quote Ending ARR reached $5.84 billion, up more than 25% year over year. Net new ARR hit a record $333 million and increased 51% from the year-ago period. New-logo net new ARR also reached an all-time high, while dollar-based gross and net retention improved sequentially. Falcon Flex remained a major expansion engine. Ending ARR from Flex accounts surpassed $2.29 billion, up 101% year over year. The company had more than 2,900 Flex customers and over 630 customers that had re-Flexed as of quarter-end. Customers converting from standard subscriptions to Flex delivered an average ending ARR uplift of more than 40%. Cloud Security ending ARR exceeded $905 million and grew more than 29% year over year. Next-Gen SIEM ending ARR surpassed $695 million, up more than 60%, while Next-Gen Identity exceeded $585 million and grew more than 33%. Together, these businesses generated record second-quarter net new ARR. AI Detection and Response, or AIDR, also gained traction, with ending ARR nearly tripling sequentially. CrowdStrike said customers are increasingly deploying AI while seeking visibility, data protection and identity controls around AI agents. Subscription customer adoption reached 51% for six or more modules, 35% for seven or more and 26% for eight or more. Non-GAAP subscription gross profit increased 28.4% year over year to $1.14 billion. The corresponding margin expanded to 81% from 80%. Total non-GAAP gross margin was 79% compared with 78% a year earlier. Non-GAAP operating income surged 45.8% to $371.65 million, while the operating margin expanded to 25% from 22%. Non-GAAP sales and marketing expenses rose 13.3% to $412.87 million, research and development expenses increased 31.1% to $284.79 million, and general and administrative expenses grew 24% to $87.89 million. Cash and cash equivalents totaled $5.01 billion as of July 31, 2026. CrowdStrike generated $530.3 million in cash from operations, up 59.3% year over year. Free cash flow increased 33.1% to $377.4 million and represented 26% of revenues. For the third quarter of fiscal 2027, CRWD expects revenues between $1.52 billion and $1.53 billion. ARR is projected between $6.184 billion and $6.188 billion, while non-GAAP earnings are expected to be approximately 31 cents per share. For fiscal 2027, revenues are now projected between $5.991 billion and $6.011 billion, with ARR of $6.603 billion to $6.612 billion. Non-GAAP earnings per share are expected between $1.25 and $1.26. Management raised its full-year net new ARR growth outlook by 630 basis points to 34% at the midpoint, supported by record pipeline and continued Falcon Flex momentum. Currently, CRWD carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Applied Materials AMAT, Lam Research LRCX and Palo Alto Networks PANW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.73 per share, up by 4.9% over the past 30 days, indicating a year-over-year increase of 35.1%. Applied Materials shares have surged 87.5% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 83.8% YTD. The Zacks Consensus Estimate for Palo Alto Networks’ fiscal 2026 earnings has remained unchanged at $3.78 per share over the past 30 days, implying a year-over-year increase of 13.2%. Palo Alto Networks shares have rallied 94.1% YTD. 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 CrowdStrike (CRWD) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NVIDIA Corporation NVDA delivered another strong quarterly performance as AI infrastructure demand lifted second-quarter fiscal 2027 results above expectations. Non-GAAP earnings of $2.22 per share for the second quarter rose 120% year over year and beat the Zacks Consensus Estimate by 6.22%. Revenues surged 106% year over year to $96.22 billion and surpassed the consensus mark by 4.82%. The robust performance at the Data Center segment mainly drove the overall top-line growth. NVIDIA has surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 5.82%. NVIDIA Corporation price-consensus-eps-surprise-chart | NVIDIA Corporation Quote Data Center revenues jumped 117% year over year and 18% sequentially to $89.02 billion, with Blackwell Ultra infrastructure driving the record performance. Within the Data Center segment, Hyperscale revenues climbed 102% year over year and 13% sequentially to $48.71 billion, supported by Blackwell Ultra demand. AI Clouds, Industrial and Enterprise revenues advanced 138% year over year and 25% sequentially to $40.31 billion. Growth reflected demand from AI natives, enterprises and sovereign customers, along with hyperscalers using AI clouds. China Hopper shipments were less than 1% of Data Center revenues. Management expects NeoCloud partners to exit 2026 with 8 gigawatts of installed capacity, up from roughly 3 gigawatts at the end of 2025. Compute & Networking revenues were $88.3 billion, up 114% year over year and 18% sequentially. The performance reflected the continued scale-up of accelerated computing infrastructure and networking alongside the Blackwell ramp-up. Networking revenues also grew 18% sequentially, while Spectrum-X Ethernet revenues increased 2.6 times year over year. Graphics revenues rose 46% year over year and 12% sequentially to $7.92 billion. Edge Computing revenues increased 27% year over year and 13% sequentially to $7.20 billion, driven by Blackwell workstation sales, partly offset by softer consumer PC sales amid elevated memory and system prices. Non-GAAP gross margin was 75%, up 250 basis points from the year-ago quarter and flat sequentially. The year-over-year improvement reflected a better mix from Blackwell Ultra, while Blackwell architecture remained the vast majority of revenues. Non-GAAP operating expenses increased 54% year over year and 11% sequentially to $8.23 billion. Higher compute infrastructure and compensation and benefits costs drove the increase. Non-GAAP operating income rose 124% year over year to $63.96 billion. In the second quarter, the company generated operating cash flow of $24.08 billion and free cash flow of $21.34 billion. In the first half of fiscal 2027, it generated operating and free cash flows of $74.42 billion and $69.9 billion, respectively. NVIDIA returned approximately $25.78 billion to shareholders through repurchases and dividends during the quarter and $45.33 billion during the first half of fiscal 2027. Inventory increased sequentially to $31.58 billion in the second quarter as the company prepared for the Vera Rubin introduction. Supply and capacity commitments climbed to $279 billion from $119 billion in the prior quarter, primarily reflecting memory procurement needed to support demand over the next several years. At the end of the second quarter, cash, cash equivalents and marketable debt securities totaled $56.6 billion. Accounts receivable reached $63.1 billion, while days sales outstanding rose to 60 days from 45 days sequentially due to extended payment terms on large, multi-quarter agreements with certain investment-grade customers. NVIDIA also issued $25 billion of senior unsecured notes for general corporate purposes. Separately, maximum gross exposure from land, power and shell guarantees, including the SB Energy guarantees signed in August 2026, totaled $108.5 billion. For the third quarter of fiscal 2027, NVIDIA expects revenues of $108 billion, plus or minus 2%. The guidance assumes no Data Center compute revenues from China. Management expects Vera Rubin to represent about 20% of Data Center revenues in the quarter. Non-GAAP gross margin is projected at 74%, plus or minus 50 basis points, while non-GAAP operating expenses are expected to be about $9 billion. Management also expects fiscal 2028 revenues to grow approximately 70%, with supply remaining a bottleneck through at least the end of that year. NVIDIA currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Applied Materials AMAT, Lam Research LRCX and Palo Alto Networks PANW, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.73 per share, up by 4.9% over the past 30 days, indicating a year-over-year rise of 35.1%. Applied Materials shares have surged 87.5% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 83.8% YTD. The Zacks Consensus Estimate for Palo Alto Networks’ fiscal 2026 earnings has remained unchanged at $3.78 per share over the past 30 days, implying a year-over-year increase of 13.2%. Palo Alto Networks shares have rallied 94.1% YTD. 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

FREMONT, Calif., Aug. 27, 2026 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a $0.07, or 27%, increase in its quarterly dividend, from $0.26 to $0.33 per share of common stock. The dividend payment will be made on October 14, 2026, to holders of record on September 23, 2026. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX) Caution Regarding Forward-Looking Statements: Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include but are not limited to our plans to make dividend payments and any future dividend payments. These statements are not a guarantee of future performance and involve a number of risks, uncertainties, and other factors that could cause our actual results or outcomes, or the timing of our results or outcomes, to differ materially from those expressed or implied in this press release. Such risks, uncertainties, and other factors include but are not limited to those described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. You should evaluate all forward-looking statements made in this press release in the context of these risks, uncertainties, and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are based on our current beliefs, expectations, and assumptions about future events. Except as required by law, we undertake no obligation to update the information or statements made in this press release. Company Contacts:Ram GaneshInvestor Relations(510) 572-1615Email: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/lam-research-corporation-announces-a-27-increase-in-quarterly-dividend-302862122.html

Synopsys, Inc. SNPS reported third-quarter fiscal 2026 non-GAAP earnings of $3.91 per share, which increased 15.3% year over year and beat the Zacks Consensus Estimate by 6.5%. Broad-based strength, led by EDA and Ansys, supported the earnings outperformance. Revenues rose 42.4% year over year to $2.48 billion, topping the consensus mark by 1.7%. Backlog remained strong at $10.9 billion, while Design IP returned to year-over-year growth. Time-based product revenues were $1 billion, which increased 12.4% from the year-ago quarter. Upfront product revenues increased 28.8% to $665.2 million, reflecting higher product contributions during the quarter. Maintenance and service revenues surged 144.4% year over year to $808.8 million. Ansys contributed approximately $711 million to total quarterly revenues. Synopsys, Inc. price-consensus-eps-surprise-chart | Synopsys, Inc. Quote Design Automation revenues were $2 billion, which increased 52.7% year over year, accounting for 80.9% of total revenues. Within the segment, EDA revenues increased 8.5%, supported by robust software performance and record hardware-assisted verification revenues. Design IP revenues rose 10.8% to $473.8 million and represented 19.1% of revenues. Management cited broad AI infrastructure demand, including strength in interface, memory and die-to-die IP. The company said its die-to-die business is on pace to double year over year and has surpassed 100 cumulative design wins. The non-GAAP operating margin was 41.6% in the quarter. Design Automation’s adjusted operating margin expanded to 45.2% from 44.5% a year ago, while the Design IP adjusted margin improved to 26.5% from 20.1%. Total non-GAAP costs and expenses were $1.45 billion, landing at the lower end of management’s guided range. Synopsys credited operational efficiency and Ansys cost synergies that are running ahead of schedule. Free cash flow was $746 million in the third quarter. For the first nine months of fiscal 2026, net cash provided by operating activities totaled $2.30 billion. Synopsys ended the third quarter with $3.61 billion in cash, cash equivalents and short-term investments. Total debt was about $10 billion after the company repaid term loans earlier than planned. Management highlighted AI-driven design complexity as a key demand driver across the portfolio. More than 30 customer engagements are underway for Synopsys’ agentic AI platform, which is designed to automate engineering workflows while increasing use of the company’s underlying EDA tools. Synopsys also launched Multiphysics Fusion, its first joint Synopsys-Ansys solution. Early customer validations showed up to 10 times faster design closure and three times faster runtime. Management expects these add-on capabilities to begin contributing to EDA growth in fiscal 2027. Synopsys raised its fiscal 2026 revenue guidance to $9.69-$9.74 billion, with the midpoint up $50 million. The company expects Ansys to contribute about $2.98 billion, up $20 million from its previous outlook, and continues to expect Design IP revenues to grow sequentially in the fourth quarter. The company lifted its fiscal 2026 non-GAAP earnings guidance to $15.04-$15.10 per share, a 31-cent increase at the midpoint from the prior forecast. Non-GAAP operating margin is now projected at about 41.5% at the midpoint, up 50 basis points from the previous guidance. For the fourth quarter, SNPS projects revenues of $2.53-$2.58 billion and non-GAAP earnings of $4.10-$4.16 per share. Management expects EDA revenue growth to accelerate to double digits in the fourth quarter and for fiscal 2026. Currently, SNPS carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Applied Materials AMAT, Lam Research LRCX and Palo Alto Networks PANW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.73 per share, up by 4.9% over the past 30 days, indicating a year-over-year surge of 35.1%. Applied Materials shares have surged 87.5% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 83.8% YTD. The Zacks Consensus Estimate for Palo Alto Networks’ fiscal 2026 earnings has remained unchanged at $3.78 per share, over the past 30 days, implying a year-over-year increase of 13.2%. Palo Alto Networks shares have risen 94.1% YTD. 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 Synopsys, Inc. (SNPS) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Semtech Corporation SMTC shares gained 4% during Tuesday’s extended trading session after the company reported better-than-expected second-quarter fiscal 2027 results. Semtech posted non-GAAP earnings of 71 cents per share, which beat the Zacks Consensus Estimate by 14.5%. The bottom line exceeded management’s guidance of 61 cents (+/-2 cents) and reflected a robust year-over-year improvement of approximately 73.2%. Semtech beat on earnings in each of the trailing four quarters, the average surprise being 9.8%. SMTC’s second-quarter fiscal 2027 revenues of $341.9 million topped the Zacks Consensus Estimate by 4.1% and came above management’s guidance of $328 million (+/- $5 million). The top line jumped 32.7% year over year. Semtech Corporation price-consensus-eps-surprise-chart | Semtech Corporation Quote Sales from the infrastructure market totaled $123.7 million (36.2% of net sales), exhibiting year-over-year growth of 69%, supported by the expanding data center business. The increase reflected continued strength in 800G products and the early ramp of 1.6T FiberEdge and CopperEdge solutions. Sales from the industrial market amounted to $178.9 million (52.3% of net sales), up 25.1% year over year. Sales from the high-end consumer market totaled $39.2 million (11.5% of net sales), down 4.6% year over year. Signal Integrity (36.9% of net sales) sales totaled $126.2 million, up 64.3% year over year. Analog Mixed Signal & Wireless (34.3% of net sales) sales amounted to $117.4 million, which rose 27.6% year over year. IoT System and Connectivity (28.8% of net sales) sales totaled $98.3 million, up 10.7% on a year-over-year basis. FiberEdge demand remained strong across leading hyperscalers, and Semtech said it is designed into every major module provider in its target markets. The company expects 1.6T FiberEdge market share to exceed 50% by the end of fiscal 2027 and is engaged in CopperEdge design-ins at bandwidths up to 3.2T. LoRa-enabled sales set another record at $58 million, up 58% year over year. The company cited expansion across smart utilities, buildings, cities and asset management, while Amazon Sidewalk is expanding internationally after Ring's U.S. launch of LoRa-based sensors. Semtech is also expanding photonics capacity, with high-power CW laser revenues expected to begin in the first half of fiscal 2028. The non-GAAP gross margin of 54.5% expanded 130 basis points (bps) on a year-over-year basis and 150 bps sequentially. Non-GAAP operating income increased 72% year over year to $83.6 million. The non-GAAP operating margin expanded to 24.4% from 18.8% reported in the year-ago quarter. On a quarter-over-quarter basis, non-GAAP operating income increased 41%, while margin expanded 400 basis points. As of July 26, 2026, cash and cash equivalents totaled $204.1 million, up from $163.3 million as of April 26, 2026. The long-term debt amounted to $394.4 million, down from the previous quarter’s reported figure of $492 million. During the second quarter, Semtech generated operating cash flow and free cash flow of $68.9 million and $61.4 million, respectively. For the third quarter of fiscal 2027, Semtech expects net sales to be $410 million (+/- $5 million). The Zacks Consensus Estimate is pegged at $357.1 million, indicating a year-over-year rise of 33.7%. The non-GAAP gross margin is expected to be 58.3% (+/- 100 bps). The non-GAAP operating margin is anticipated to be 31% (+/- 60 bps). Non-GAAP earnings are expected to be $1.05 (+/- 3 cents) per share. The consensus mark for earnings is pegged at 73 cents per share, indicating a year-over-year rise of 52.1%. Currently, Semtech carries a Zacks Rank #2 (Buy). Some other top-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Applied Materials AMAT, Lam Research LRCX and NVIDIA NVDA, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.73 per share, up 8 cents over the past seven days, indicating a year-over-year surge of 35.1%. Applied Materials shares have surged 86.7% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 83.8% YTD. The Zacks Consensus Estimate for NVIDIA’s fiscal 2027 earnings has moved upward by 2 cents to $8.92 per share in the past seven days, implying a year-over-year increase of 87%. NVIDIA shares have risen 14.6% YTD. 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 Semtech Corporation (SMTC) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Analog Devices ADI reported third-quarter fiscal 2026 non-GAAP earnings of $3.45 per share, which beat the Zacks Consensus Estimate by 3.6%. The company reported earnings of $2.05 per share in the year-ago period. Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 9.6%. Analog Devices’ third-quarter fiscal 2026 revenues of $4.02 billion surpassed the Zacks Consensus Estimate by 2.5%. The top line increased 40% from the year-ago quarter’s revenues of $2.88 billion. Analog Devices, Inc. price-consensus-eps-surprise-chart | Analog Devices, Inc. Quote Industrial: Revenues from this segment were $1.97 billion, representing 49% of total revenues and reflecting 53% year-over-year growth. Automotive: Revenues reached $998.2 million (or 25% of total revenue), up 16% year over year. Communications: Revenues came in at $654.5 million, accounting for 16% of total revenues and rising 84% year over year. Consumer: The segment generated $397.2 million (or 10% of revenues), marking a 6% increase compared with the same quarter last year. The adjusted gross margin expanded 330 basis points to 72.5%, while the adjusted operating margin was 50%, up 780 basis points year over year. As of Aug. 1, 2026, cash and cash equivalents were approximately $2.17 billion, down from $2.44 billion as of May 2, 2026. The company also held $159.1 million in short-term investments during the third quarter. Long-term debt was $6.77 billion compared with $7.24 billion at the end of the previous quarter. Analog Devices generated $1.6 billion in operating cash flow and $1.46 billion in free cash flow during the third quarter of fiscal 2026. In the fiscal third quarter, the company returned $1.7 billion to shareholders, comprising $535 million in dividends and $1.16 billion in share repurchases. For the fourth quarter of fiscal 2026, management expects revenues to be $4.3 billion (+/- $100 million). The Zacks Consensus Estimate for the same is pegged at $4.02 billion, indicating year-over-year growth of 30.8%. The company projects a reported operating margin of approximately 42.6% (+/-150 bps) and an adjusted operating margin of about 52% (+/-100 bps). Reported earnings are anticipated to be $3.14 (+/-$0.15) per share, while adjusted earnings are expected to be $3.86 (+/-$0.15) per share. The consensus mark for the same is pinned at $3.46 per share, indicating year-over-year growth of 53.1%. Currently, ADI carries a Zacks Rank #2 (Buy). Some other top-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Lumentum LITE, Lam Research LRCX and NVIDIA NVDA, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for LITE’s fiscal 2027 earnings is pegged at $18.71 per share, up by 1.2% over the past seven days, indicating an increase of 115.8% year over year. Lumentum shares have surged 229.2% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 80.3% YTD. The Zacks Consensus Estimate for NVIDIA’s fiscal 2027 earnings has moved upward by 1.6% to $8.90 per share in the past 60 days, implying a year-over-year improvement of approximately 86.6%. NVIDIA shares have risen 24.8% YTD. 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 Analog Devices, Inc. (ADI) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Lumentum Holdings Inc. (LITE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Jack Henry & Associates, Inc. JKHY delivered better-than-expected fourth-quarter fiscal 2026 results. The company reported earnings of $1.71 per share for the fourth quarter, surpassing the Zacks Consensus Estimate by 9.%. However, the bottom line declined 10.2% year over year. Revenues rose 4.7% year over year to $644 million, beating the consensus mark by 2.3%. After adjusting for deconversion revenues of $9.3 million and revenues from the acquisition of $1.6 million, non-GAAP revenues were $633.1 million, up 6.6% year over year. Growth in processing, cloud-related data processing and hosting, digital transactions and faster payments supported the top line. Management also highlighted a record 58 competitive core wins for fiscal 2026. Among fiscal 2026's competitive core wins, 14 institutions had more than $1 billion in assets. Management also pointed to a robust sales pipeline as technology spending remains strong. CFO Mimi Carsley highlighted a 23.2% return on invested capital for the full year. Jack Henry & Associates surpassed the Zacks Consensus Estimate for earnings in each of the preceding four quarters, the average surprise being 17.3%. Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Services and Support revenues rose 2.5% year over year to $360.2 million. Growth was driven mainly by data processing and hosting within private and public cloud, which increased 7.4%, along with a 27.3% rise in license and hardware revenues and a 38.6% increase in education, royalty and other revenues. Processing revenues advanced 7.5% to $283.8 million. Card revenues grew 5.4%, Jack Henry digital and transaction revenues increased 8.6%, and faster payments revenues jumped 47%. Segment-wise, Core division’s revenues climbed 1.9% year over year to $191.6 million. Payments revenues rose 4.9% to $240.4 million, while Complementary revenues advanced 4.7% to $188.8 million. Corporate Services revenues increased 30.4% to $23.2 million. GAAP operating income declined 12.2% year over year to $136.8 million, while the operating margin contracted to 21.2% from 25.3% in the year-ago quarter. Fourth-quarter non-GAAP adjusted operating income came in at $133.3 million, down 7.3% from the year-ago period. Non-GAAP adjusted operating margin contracted 210 basis points to 21.1% in the fourth quarter. Higher personnel costs, including compensation, medical costs and benefits tied partly to headcount growth, pressured profitability. Selling, general & administrative expenses surged 19.2% year over year, while research & development costs jumped 17%. As of June 30, 2026, JKHY’s cash and cash equivalents were $12.1 million compared with $21 million as of March 31, 2026. Debt stood at $40 million at the end of the fourth quarter. In fiscal 2026, Jack Henry & Associates generated an operating cash flow of $762 million and free cash flow of $539.3 million. JKHY repurchased $164 million of stock during the fourth quarter and $448 million in full fiscal 2026. It paid $170.4 million in dividends during fiscal 2026. For fiscal 2027, Jack Henry expects GAAP revenues of $2.684-$2.709 billion, calling for growth of 5.5-6.5%. Non-GAAP adjusted revenues are projected at $2.659-$2.684 billion, implying growth of 6.3-7.3%. The outlook assumes $23 million of deconversion revenues and $2 million of acquisition revenues. GAAP operating margin is expected between 24.5% and 24.7%, while the adjusted operating margin is forecast at 24.1-24.3%. Management projects GAAP earnings of $7.33-$7.38 per share, suggesting year-over-year growth of 5-5.7%. Currently, Jack Henry carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the broader Zacks Computer and Technology sector are Micron Technology MU, Lam Research LRCX and NVIDIA NVDA, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Micron’s fiscal 2026 earnings has been revised upward by a penny to $73.86 per share in the past 30 days, suggesting an increase of 791% from fiscal 2025’s reported figure. Micron shares have surged 228.8% year to date (YTD). The Zacks Consensus Estimate for Lam Research’s fiscal 2027 earnings has moved northward by 17.8% to $9.32 per share over the past 30 days and calls for a year-over-year jump of 60.4%. Lam Research shares have soared 91.1% YTD. The Zacks Consensus Estimate for NVIDIA’s fiscal 2027 earnings has moved upward by 13 cents to $9.09 per share in the past 60 days, implying a year-over-year improvement of approximately 90.6%. NVIDIA shares have risen 17.7% YTD. 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 Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Morgan Stanley said the market was expecting Applied Materials to provide greater confidence following peer earnings that indicated systems shipment growth of more than 40%. The firm lowered its price target for Applied Materials’ shares to $642 from $646, while keeping an ‘Equal Weight’ rating on the stock. Analysts at BofA said investors may have been looking for more leverage in gross margins and quarter-over-quarter growth guidance closer to Lam Research. Applied Materials Inc. (NASDAQ) shares fell about 6% in Friday’s pre-market session as Wall Street offered mixed reactions to the chip-equipment maker’s third-quarter results and outlook for the fourth quarter. While several analysts praised the results and long-term outlook, others said expectations had been higher, citing gross-margin commentary, near-term guidance, and the pace of systems growth. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox AMAT was among the top trending tickers on Stocktwits at the time of writing. According to TheFly, Morgan Stanley described Applied Materials’ Q3 earnings as “good, but not great,” noting that the market was expecting greater confidence following peer earnings that indicated systems shipment growth of more than 40%. “By no means is 42% systems shipment growth ‘bad,’” Morgan Stanley said, but added that investors had expected Applied Materials to provide greater confidence. Morgan Stanley lowered its price target for Applied Materials’ shares to $642 from $646, while keeping an ‘Equal Weight’ rating on the stock. Analysts at BofA also called Applied Materials’ third quarter (Q3) report a “solid beat/raise,” but said investors may have been looking for more leverage in gross margins and quarter-over-quarter growth guidance closer to Lam Research Corp. (LRCX). The firm lowered its price target for AMAT to $650 from $720 while keeping a ‘Buy’ rating. UBS lowered its price target to $675 from $705 while keeping a ‘Buy’ rating. The firm cited softer-than-expected gross-margin commentary and conservative near-term guidance for its price target cut. Deutsche Bank cut its target to $605 from $680, saying the company’s outlook remains “hazy,” while maintaining its ‘Buy’ rating. Despite the concerns, several analysts remained positive on Applied Materials’ longer-term outlook. JPMorgan raised its price target to $660 from $515 and maintained an ‘Overweight’ rating, saying the company’s bull thesis remains intact, supported by accelerating AI-driven wafer-fab equipment demand and improving visibility. Bernstein also raised its target to $700 from $675 while keeping an ‘Outperform’ rating, saying the results were good and that fourth-quarter guidance was “very strong,” with strength in leading-edge foundry/logic, advanced packaging and DRAM. While UBS trimmed its price target, the firm maintained that Applied Materials' capacity expansion and strong systems growth support meaningful long-term upside. Applied Materials CEO Gary Dickerson said during a post-earnings call that customers are finding ways to address clean-room constraints and are increasing demand for tool deliveries. The company has also received longer-term commitments and rolling eight-quarter forecasts from its largest customers. “This increased demand visibility gives us high confidence that 2027 will be another strong growth year for Applied Materials,” Dickerson said. He added that the company has again raised its 2026 revenue growth forecast and expects to grow faster than the overall market. Dickerson highlighted leading-edge foundry and logic, DRAM, and advanced packaging as key areas of opportunity, saying they are expected to account for around 80% of wafer-fab equipment growth in 2026 and 2027. Applied expects its packaging revenue to grow more than 70% in calendar 2026. The CEO also said Applied's investments in AI are on track to accelerate revenue growth and operating profit margins, with the technology being used across R&D, services, operations and other corporate functions. Applied Materials reported earnings per share (EPS) of $3.5 on revenue of $9.12 billion, beating expectations of an EPS of $3.39 on revenue of $9 billion, according to Fiscal.ai data. Retail sentiment on Stocktwits around Applied Materials trended in the ‘extremely bullish’ territory with message volumes at ‘extremely high’ levels at the time of writing. AMAT stock is up 108% year-to-date and 181% over the past 12 months. The S&P 500 ETF (SPY) is up 21% over the past 12 months, while the Invesco QQQ Trust (QQQ) is up 26%. Also See: BRUN Stock Soars After Securing Long-Term Lease To Expand GPU Compute Capacity — CEO Says 'This Gives Us Strong Visibility Into Recurring Revenue' For updates and corrections, email newsroom[at]stocktwits[dot]com. Rounak Jain has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: NVDA Discloses $21B Stake In SpaceX — Elon Musk’s Rocket Firm Becomes Nvidia’s No. 2 Holding Berkshire Hathaway Makes Alphabet Its No. 3 Holding After 48M Share Buy Berkshire Hathaway Makes Alphabet Its No. 3 Holding After 48M Share Buy

Applied Materials AMAT is scheduled to report third-quarter fiscal 2026 results on Aug. 13. For the fiscal third quarter, AMAT expects revenues to be $8.95 billion (+/- $500 million). The Zacks Consensus Estimate for revenues is pegged at $9 billion, suggesting an increase of 23.3% from the year-ago quarter. Applied Materials projects non-GAAP earnings per share of $3.36 (+/- $0.20) per share. The Zacks Consensus Estimate for earnings is pegged at $3.36 per share, indicating an increase of 35.5% from the year-ago quarter’s reported figure. The figure has been revised upward in the past 30 days. Image Source: Zacks Investment Research AMAT has an impressive earnings surprise history. AMAT beat the Zacks Consensus Estimate in each of the past four quarters, with an average earnings surprise of 6%. Applied Materials, Inc. price-eps-surprise | Applied Materials, Inc. Quote Our proven model predicts an earnings beat for AMAT this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate ($3.41 per share) and the Zacks Consensus Estimate ($3.36 per share), is +1.52%. Zacks Rank: AMAT carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. Applied Materials’ third quarter of fiscal 2026 results are expected to benefit from the acceleration of AI infrastructure spending and the growing complexity of semiconductor manufacturing. The company’s exposure to leading-edge foundry-logic, DRAM and advanced packaging is likely to have remained a key driver of momentum in the to-be-reported quarter. Demand for wafer fabrication equipment is expected to have remained strong as cloud service providers continue to expand AI infrastructure and chipmakers increase capacity. Applied Materials is also seeing customers find ways to expand cleanroom capacity, creating opportunities for equipment deliveries. This trend is likely to have supported growth in the third quarter. The transition toward gate-all-around architectures should have remained another important catalyst. Applied Materials’ broad portfolio of deposition, etch, inspection and materials engineering solutions positions it well as chipmakers adopt increasingly complex transistor structures. Its recently launched GAA products could further strengthen its position as these technologies move toward broader adoption. DRAM is also likely to remain a strong contributor as AI workloads drive demand for memory and customers invest in architectures. At the same time, advanced packaging is gaining importance as chipmakers increasingly rely on 3D stacking and high-bandwidth memory to improve AI system performance and efficiency. Applied Materials’ positioning in these areas should support momentum. Applied Global Services is expected to have benefited from higher fab utilization, a growing installed base and demand for advanced services that improve production, yield and efficiency. Overall, the third quarter should reflect strength across Applied Materials’ AI-related markets, with customer visibility and technology transitions supporting the growth trajectory. Applied Materials shares have gained 109.8% year to date, outperforming the Zacks Electronics – Semiconductors industry’s growth of 32.8%. Image Source: Zacks Investment Research Let us now look at the value Applied Materials offers to its investors at current levels. AMAT is currently trading at a premium with a forward 12-month price-to-sales (P/S) of 10.54X compared with the industry’s 5.35X. A Value score of D substantiates its premium price. Image Source: Zacks Investment Research Applied Materials is seeing AI adoption broaden and diversify, which is pushing wafer fab equipment spending toward leading-edge foundry-logic, DRAM and advanced packaging. Management expects these three areas to drive more than 80% of year-on-year total WFE growth in calendar 2026, with a similar profile in 2027. The company also expects its semiconductor equipment business to grow more than 30% in calendar 2026 as customers expand cleanroom capacity and accelerate equipment pull-ins. AI computing is increasing DRAM intensity, and management noted that leading-edge logic and DRAM fabs are running at full capacity. In the second quarter of fiscal 2026, DRAM revenues within Semiconductor Systems were $1.7 billion, up 18% year over year, with management pointing to strength in DRAM wiring, patterning and peripheral logic steps. The company also expects DRAM and advanced packaging to be central drivers of WFE growth in 2026 and 2027. Applied Materials commands a broad portfolio of offerings and hence competes with KLA Corporation KLAC, Lam Research LRCX and Camtek CAMT in the WFE and testing market. Applied Materials and KLA Corporation offer similar solutions, such as Wafer Inspection, Yield Enhancement and Process Control inspection systems, while Camtek stands at the forefront of semiconductor inspection and metrology solutions. Camtek is focused on high-performance computing modules, advanced packaging and silicon carbide technologies. Lam Research develops Atomic Layer Deposition tools like AT200M, AT410 and AT650P that are similar to the devices made by Applied Materials. While Camtek, Lam Research and KLA Corporation overlap with Applied Materials, AMAT’s broad product portfolio enables it to seamlessly integrate its equipment across multiple processes. Applied Materials’ integration of equipment across multiple processes reduces reliance on any single technology cycle and enables it to price its product stack better to protect margins. Moreover, AMAT’s DRAM offerings are gaining traction as customers are aggressively investing in 6F² nodes supported by rising demand for high bandwidth memory DRAM, driven by AI workloads. Overall, Applied Materials’ exposure to AI-driven semiconductor investment, rising process complexity and advanced packaging provides a strong foundation for sustained growth. Its leadership across leading-edge logic, DRAM and packaging, combined with expanding services and improving customer visibility, should support durable demand, margin expansion and stronger execution through the current cycle. Given these dynamics, it is safe to accumulate this stock at present. 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 Applied Materials, Inc. (AMAT) : Free Stock Analysis Report KLA Corporation (KLAC) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Camtek Ltd. (CAMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research