Movement Alert｜Lam Research Falls 3.2% in After-Hours Trading, Cautious post-earnings outlook continues to weigh on shares

Market Focus10-30 05:12

On October 30, Lam Research fell 3.2% in After-Hours Trading, trading near $245.99 per share, with turnover of $174 million.

The move aligns with continued pressure from the company’s recent earnings aftermath: while fiscal Q1 results modestly beat expectations, management flagged near-term supply-chain constraints and weaker China sales, keeping investors cautious on the growth pace.

Lam Research previously reported fiscal Q1 revenue of $8.22 billion and adjusted EPS of $2.20, both slightly above consensus. It guided fiscal Q2 revenue to about $8.6 billion and adjusted EPS to about $2.33, broadly in line with market expectations, but management said revenue would have been higher absent supply-chain limitations. Shares fell sharply after the report, and several analysts subsequently lowered price targets, indicating that the cautious tone is still weighing on valuation recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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