What move does the options market price into LAM Research's report?

Implied ±21.2%, either direction · provisional.

How often does LAM Research move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

LRCXNasdaqSpecial Industry Machinery, NEC

LAM Research Corp (LRCX) earnings date, market-implied expected move, and options open interest by expiry

238.68

pre 243.15 +1.69%

Pre-market09:27 ET

Open242.08Volume18.7MMkt cap$298.7BP/E35.97EPS6.76Div yield0.46%

Day233.83 – 244.7186%52-wk134.88 – 438.0336%

LRCX

LAM Research Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±21.2%implied · straddle

188.36289.86

spot 239.11exp Feb 19ATM strike 240ATM straddle 59.70IV 57%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 27

after close · in 86 days

est.Q2 FY27

Calendar

Next report

Last report

−11.76%

vs ±6.0% implied · ×1.94

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Linked news

4dUCTT · supplierUltra Clean Holdings posts Q3 net income of $40.8 million, revenue $759.0 million
17dTSM · customerTSMC chip capacity is ‘fierce’ battleground for AI customers, amid record quarter

News

Largest filed tie

13F top-10 QoQ

+7.70%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

3,117 managers

Top fund weight

5.31%

LRCX weight · SMH

N-PORTJun 30 '26

16 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

LAM Research (LRCX) is expected to report on Jan 27 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±5.9%
avg realized: ±7.3%

Jan 29 '25Jan 29 '25confirmed±6.1%▲+7.43%×1.22

Apr 23 '25Apr 23 '25confirmed±5.5%▲+6.25%×1.13

Jul 30 '25Jul 30 '25confirmed±4.8%▼−4.29%×0.89

Oct 22 '25Oct 22 '25confirmed±5.1%▲+4.45%×0.87

Q2 FY26Jan 28 '26confirmed±6.2%▲+3.59%×0.58

Q3 FY26Apr 22 '26confirmed±6.0%▼−2.63%×0.44

Q4 FY26Jul 29 '26confirmed±7.8%▲+17.98%×2.32

Q1 FY27Oct 21 '26confirmed±6.0%▼−11.76%×1.94

quarterimplied−20%0+20%realized×

Q1 FY27±6.0%▼−11.76%×1.94

Q4 FY26±7.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 27 close

2.28OI · 9 expiries · Oct 27 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5 nearer expiries

4,129+7%Nov 64d0.498,496+20%0.49

4,318+3%Nov 1311d1.442,992+17%1.44

31,124+1%Nov 2018d0.8237,749+4%0.82

838+43%Nov 2725d1.25671+38%1.25

867+17%Dec 432d1.25692+50%1.25

62,7450%Dec 1846d1.2450,4240%1.24

76,343+6%Jan 1574d0.9282,957+6%0.92

report · Jan 27 · after close · est.

ExpiryPutsCallsP/C

5 nearer expiries

Nov 64d4,129+7%8,496+20%0.49

Nov 1311d4,318+3%2,992+17%1.44

Nov 2018d31,124+1%37,749

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±21.2%

Funds 4

SMH±1.1%

SOXX±1.0%

XLK±0.6%

SOXL±0.6%

Suppliers 2

ICHR±23.0%×1.09

UCTT±22.3%×1.05

Customers 1

TSM±10.9%×0.51

Dashed = straddle · × = co-movement · max 499dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

33.50%as filednet margin · revenue +22.27% QoQ · +54.38% YoY

Revenue

$8.2B+22.27% QoQ

Gross profit

$4.3B+23.58% QoQ

52.30% margin

Operating income

$3.3B+30.64% QoQ

39.95% margin

Pre-tax income

$3.3B+29.63% QoQ

Net income

$2.8B+20.90% QoQ

33.50% margin

Cost of revenue

$3.9B+20.87% QoQ

Operating expenses

$1.0B+5.17% QoQ

R&D $666M

SG&A $349M

Tax

$559M+101.21% QoQ

Other income

$28M−31.60% QoQ

Revenue$8.2B+22.27%

Gross profit

$4.3B+23.58%

52.30% margin

Operating income

$3.3B+30.64%

39.95% margin

Pre-tax income

$3.3B+29.63%

Net income

$2.8B+20.90%

33.50% margin

Cost of revenue

$3.9B+20.87%

Operating expenses

$1.0B+5.17%

R&D $666M

SG&A $349M

Other income$28M−31.60%

Tax$559M+101.21%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 27 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×2.17· ±5.2% vs ±2.4% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±5.2%6 of 10×2.17

PPIproducer prices±4.0%4 of 11×1.65

CPIconsumer prices±3.0%7 of 11×1.24

PCEpersonal income & outlays±2.9%13 of 20×1.21

GDPgross domestic product±2.9%13 of 20×1.20

FOMCrate decision±2.2%16 of 25×0.93

CPROFcorporate profits±1.8%6 of 12×0.74

Bar = avg |move| to ±6% · tick = ±2.4% avg day · ×base = |move| ÷ ±2.4% · min 6 releases

Earnings history

EPS 2.19 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Oct 21 '26 · confirmed	2.19	—
Q4 FY26	Jul 29 '26 · confirmed	1.81	—
Q3 FY26	Apr 22 '26 · confirmed	1.45	—
Q2 FY26	Jan 28 '26 · confirmed	1.26	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod