Movement Alert｜Lam Research Intraday Rise 3.04%, Shares Rebound After Prior Earnings-Related Selloff

Market Focus10-26

On October 26, Lam Research rose 3.04% in Regular Trading, trading at $236.43 with turnover of $260 million.

The clearest recent catalyst in public information is a technical rebound following the company’s post-earnings selloff, after management flagged near-term supply-chain constraints and lower China sales expectations despite a fiscal Q1 beat.

Lam Research previously reported fiscal Q1 adjusted EPS of $2.20 on revenue of $8.22 billion, both slightly above consensus, and guided fiscal Q2 revenue to $8.6 billion, plus or minus $400 million, with EPS of $2.33, plus or minus $0.15. However, management said the revenue outlook would have been higher absent supply-chain constraints, while analysts also highlighted concern over China exposure and trimmed price targets. Sector tone was firmer on October 26, with ASML up 1.69%, Applied Materials up 1.51%, and KLA up 2.44%, supporting the share-price 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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