Movement Alert｜Lam Research Falls 4.11% in Pre-Market Trading, Cautious Post-Earnings Outlook Continues to Weigh on Shares

Market Focus10-30 16:01

On October 30, Lam Research fell 4.11% in Pre-Market Trading, trading at $243.12/share, with turnover of $240.6 thousand.

The move follows continued pressure from the company’s recent earnings release, where fiscal Q1 revenue of $8.22 billion and adjusted EPS of $2.20 both slightly beat expectations, but management flagged near-term supply-chain constraints and weaker China sales, tempering confidence in the pace of follow-through growth.

For fiscal Q2, Lam Research guided to revenue of about $8.6 billion and adjusted EPS of $2.33, broadly in line with market expectations. Even so, the stock had already sold off sharply after the results, and subsequent analyst target-price cuts signaled that cautious commentary is still restraining valuation recovery. Sector sentiment was also weak, with Applied Materials, KLA, ASML, Teradyne, and AXT all falling in the same session.

(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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