Lam Research将于10月21日盘后公布FY2027 Q1财报，本文仅为预期前瞻、无新增业绩事实

Lam Research ( LRCX ) is set to report fiscal first-quarter 2027 results on October 21 after the market closes, with Wall Street expecting revenue of $8.14B and non-GAAP earnings per share of $2.18. The consensus estimates are slightly above management’s guidance of $8.1B in revenue, plus or minus $400M, and non-GAAP EPS of $2.15, plus or minus $0.15. The company also guided for a non-GAAP gross margin of 52.0% and an operating margin of 39.5%, each with a one-percentage-point margin of error, reported in the fourth-quarter results. CEO Tim Archer cited AI-driven demand as a growth driver while raising Lam Research's 2026 wafer fabrication equipment spending outlook to the low-$150B range from $140B , with further upside potential Analyst estimates have moved higher, with 25 upward and no downward EPS estimate revisions over the past three months. Deutsche Bank ( DB ) recently raised its price target on the stock to $375 from $320 while maintaining a Buy rating. The firm expects momentum to build ahead of 2027 DRAM and foundry capacity expansions, although it cautioned that much of the positive outlook may already be reflected in the stock. UBS Group ( UBS ) analysts are also bullish , with a $435 price target, expecting strong results and constructive guidance on semiconductor equipment spending through 2028. This optimism comes as Lam Research shares have gained 53.38% year to date, compared with 13.13% for the S&P 500 Index ( SPX ), despite recent volatility. Seeking Alpha analysts rate the stock buy, and Wall Street analysts assign it Strong Buy, while its Quant rating remains Hold . Its F valuation grade, however, highlights valuation concerns despite strong growth and profitability. Investors will focus on whether Lam meets or exceeds its guidance and provides a stronger outlook for the remainder of fiscal year 2027.