$LRCX

Lam Research (LRCX) reported September-quarter revenue and adjusted EPS above estimates, with record gross margin and free cash flow. The company raised its quarterly dividend by 27%. Management forecast wafer fabrication equipment spending to exceed $200 billion in 2027, citing supply and fab-capacity constraints. Analysts maintained positive ratings but lowered price targets to $290, $360, and $339. Shareholders approved all director nominees and executive compensation.

Lam Research (NASDAQ:LRCX) shareholders backed the board's pay plan and rejected a proposal to change meeting rules. CEO Tim Archer highlighted strong demand for the company's semiconductor equipment due to technology transitions. Lam expects wafer fabrication equipment spending to exceed $200 billion in 2027, a 30% growth from the current year, with 10 new tier-one fabs opening.

Amazon, Tesla, SpaceX, Netflix, SoFi, and Lam Research have objected to OKX-ICE's tokenized stock trading plans, joining 49 other companies. The joint venture aims to trade tokenized U.S. shares 24/7 using stablecoins, but 79% of initially selected companies have opted out. The SEC's 30-day objection deadline is approaching.

Lam Research (LRCX) reported fiscal Q1 revenue of $8.22B, up 54.4% YoY, beating estimates. Despite strong results, the stock fell 5% to $227.56, 48% below its 52-week high. Guidance for Q2 revenue of $8.6B, though lower than expected, and concerns over China exposure and insider selling contributed to the decline. Analysts maintain an average price target of $359, with some bullish calls at $500.

Samsung Electronics and SK Hynix are expanding production capacity for memory chips, driving hiring and investment by global semiconductor equipment makers. ASML, Lam Research, and Tokyo Electron (TEL) have increased their South Korean workforce by 2,500 in three years. Samsung and SK Hynix plan to invest about $89.3 billion combined this year, boosting demand for on-site engineers and equipment.

Lam Research (LRCX) shares fell 2.2% to $233.89, near seven-month lows, after a post-earnings selloff. The stock is down 46.6% from its June high. Analysts note bearish signals, with a 10-day call/put volume ratio higher than 92% of past year's readings, suggesting potential further losses.

Oregon's largest public companies, including Nike, Intel, and Lam Research, report slowing earnings due to rising costs. Nike's 2026 profit fell to $3.1B from $3.2B in 2025. Intel reported a $11.4B loss this year, while Lam Research saw earnings rise to $7.25B. Columbia Sportswear's profit increased to $145.6M. Companies cite tariffs, fuel prices, and healthcare costs as challenges.

Jim Cramer recommended Lam Research (LRCX) as a top capital equipment stock but advised buying only 25% of a desired position. The stock fell 6.38% to $238.15, down 26.47% from a month high. Lam's Q3 revenue rose 54.4% to $8.22B, beating estimates, with EPS at $2.20. The company guided Q4 revenue to $8.60B and EPS to $2.33. Risks include China exposure, export controls, and supply constraints.

Intel led a broad semiconductor sector selloff, with the Philadelphia Semiconductor Index down over 7%. Intel fell 28.33%, while other chipmakers like Qualcomm, SanDisk, and AMD saw declines ranging from 9.64% to 11.30%. Semiconductor equipment suppliers also dropped, with losses between 5.67% and 7.04%. The leveraged semiconductor fund SOXL fell over 24%.

Lam Research (LRCX) stock fell 5% to $241.86 due to supply-chain concerns and a broader semiconductor sector downturn. The decline follows its October earnings call, where it cited supply constraints impacting its December-quarter revenue guidance of $8.6 billion. Analysts lowered price targets, with UBS cutting its target to $400 and Morgan Stanley setting a $339 target. The Nasdaq composite fell 2.1% in morning trading.