Lam Research slides even as Q1 results and guidance top Wall Street's forecast (LRCX:NASDAQ)
Lam Research reported record Q1 revenue of $8.22 billion and non-GAAP earnings per share of $2.20, beating Wall Street's forecast. Despite this, the stock fell, with some analysts questioning the earnings quality. The company's guidance for the December quarter also topped expectations, but investors seemed unimpressed. Lam Research's revenue grew 54% year-over-year, driven by demand for artificial intelligence and advanced semiconductor manufacturing equipment.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Lam Research reported record Q1 revenue of $8.22 billion
- ✓ Lam Research's non-GAAP earnings per share was $2.20
- ✓ Lam Research's revenue grew 54% year-over-year
- ✓ The company's guidance for the December quarter topped expectations
What changed
Lam Research reported its Q1 2027 earnings and provided guidance for the December quarter, which topped Wall Street's expectations, but the stock still fell.
Live updates
-
Lam Research slides despite Q1 results and guidance beating forecasts
Lam Research reported record Q1 revenue of $8.22 billion and non-GAAP earnings per share of $2.20, beating Wall Street's forecast. Despite this, the stock fell, with some analysts questioning the earnings quality. The company's guidance for the December quarter also topped expectations, but investors seemed unimpressed. Lam Research's revenue grew 54% year-over-year, driven by demand for artificial intelligence and advanced semiconductor manufacturing equipment.
Why it matters
Lam Research is a leading manufacturer of semiconductor equipment, and its results are seen as a bellwether for the industry. The company's stock has been under pressure in recent months, with a 25% decline over three months. The Q1 results and guidance were expected to provide a boost, but the stock's reaction was muted.
What is confirmed
- Lam Research reported record Q1 revenue of $8.22 billion
- Lam Research's non-GAAP earnings per share was $2.20
- Lam Research's revenue grew 54% year-over-year
- The company's guidance for the December quarter topped expectations
Still unconfirmed
- Analysts questioned the earnings quality of Lam Research's Q1 results
What to watch next
- Western Digital's Q1 earnings report
- Lam Research's December quarter results
- The company's 2027 WFE outlook
confidence 85%Sources used for this update (15)
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- seekingalpha.com — Patient Capital Management Q3 2026 Commentary
- Seeking Alpha — Lam Research slides even as Q1 results and guidance top Wall Street's forecast (LRCX:NASDAQ)
- Lam Research Newsroom — Lam Research Corporation Reports Financial Results for the Quarter Ended September 27, 2026
- Yahoo Finance — No surprises in Lam Research’s (NASDAQ:LRCX) Q3 sales numbers but stock drops
- TradingView — Lam Research Stocks Fall 3.2% as Evercore Cuts Target Before Earnings
- Barchart.com — Dear Lam Research Stock Fans, Mark Your Calendars for October 21
- www.fool.com — Prediction: A $10,000 Investment in This Memory Stock Will Double by 2030 (Hint: It’s Not Micron or Sandisk) | The Motley Fool
- finance.yahoo.com — Lam Research (LRCX) Stock Faces Q1 Earnings Quality Questions After Records
- www.marketbeat.com — Lam Research (LRCX) Q1 2027 Earnings Results & Call Transcript
- www.fool.com — Lam Research (LRCX) Q1 2027 Earnings Call Transcript
- 247wallst.com — Live: Will Western Digital's Q1 Earnings Tonight Reverse a Brutal 24% Selloff? - 24/7 Wall St.
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community