U.S. Stock Market Movement | Lam Research (LRCX.US) falls over 8% as Q2 earnings guidance remains lukewarm

Zhihui Finance APP reported that on Thursday, Lam Research (LRCX.US) fell more than 8% to $239.04. News reports indicate that Lam Research announced its results for the first quarter of fiscal year 2027, with revenue reaching $8.22 billion—higher than analysts’ expectations of $8.13 billion—benefiting from consistently strong demand for advanced chip manufacturing equipment. Earnings per share reached $2.20, also exceeding the expected $2.18. Lam Research expects second-quarter revenue to be approximately $8.6 billion, fluctuating by $400 million, only slightly above analysts’ expectations of about $8.54 billion. The company also forecasts adjusted earnings per share of $2.33, with a possible fluctuation of $0.15, roughly in line with market expectations of $2.32. The midpoint of its next quarter revenue guidance is close to market expectations, without an evident upside surprise; the guidance reveals a slowdown in quarter-over-quarter revenue growth compared to previous quarters, disappointing investors.