Lam Research Corporation (NASDAQ:LRCX) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 28, the company reported strong results for the quarter ending December 2025, topping estimates.
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Revenue came in at $5.34 billion, surpassing Wall Street’s expectations of $5.26 billion. Adjusted earnings were logged at $1.27 per share, beating estimates by 10 cents. LRCX’s shares gained 3.2% in extended trading after the results were announced.
Investor sentiment was further strengthened by the company’s forecasts for the quarter ending in March. Lam Research Corporation (NASDAQ:LRCX) anticipates revenue of $5.7 billion for the quarter, within a range of plus or minus $300 million, compared with estimates of $5.34 billion, as soaring AI demand drives higher orders for chipmaking tools.
Moreover, its net income per diluted share is projected to be between $1.25 and $1.45, again surpassing analysts’ forecast of $1.20 per share.
Following the earnings call, several research firms lifted their price targets on the stock on January 29, including Morgan Stanley, Goldman Sachs, Citigroup, and more.
Based on the recommendations of 26 analysts, LRCX is a Strong Buy with a one-year average share price target of $284.18, representing an upside of 15%, as of the close on January 30.
Lam Research Corporation (NASDAQ:LRCX) provides wafer fabrication equipment and services to the global semiconductor industry. The stock is already up 36% YTD in 2026.
While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
