Lam Research Increases Dividend by 26.9%
Lam Research (LRCX) has announced a significant increase in its quarterly dividend, raising it from $0.26 to $0.33 per share—a 26.9% jump—effective October 14, 2026 for shareholders of record as of September 23, 2026. This follows strong financial performance and rising demand in the semiconductor equipment sector driven by AI chip development. The company reported a revenue increase to $6.72 billion during its July earnings report, with adjusted EPS at $1.82—both exceeding expectations. Lam Research's stock has surged 186% over the past year compared to an 19% gain for the S&P 500 Index ($SPX). The new dividend is well supported by financial strength, as evidenced by a payout ratio of just 17.75%. Lam Research also plans significant R&D investment—over $3 billion over five years—to expand its global lab network and accelerate product development. This strategic move aims to enhance capacity for experiments and improve proximity to customers' chip manufacturing facilities.
Tickers: $LRCX
Topics: AI demand dividends semiconductors