Lam Research stock falls 2.33 percent before October results

Published on 10/07/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lam Research stock was trading at USD 326.11 on October 7, 2026, down 2.33 percent in Nasdaq trading. The October 21 report date now sets the next test.

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Lam Research stock (US5128073062) was trading at USD 326.11 on October 7, 2026, down 2.33 percent in Nasdaq trading. The next scheduled report on October 21 gives the semiconductor equipment maker a clear near-term checkpoint.

Stock remains below yearly high

The latest quote places Lam Research 25.63 percent below its 52-week high of USD 438.50 and USD 195.09 above its 52-week low of USD 131.02. The session range ran from USD 321.15 to USD 327.62, while the previous close stood at USD 333.89.

Market capitalization stood at USD 407.8 billion on October 7, 2026. The combination of a USD 326.11 share price and a 52-week range extending to USD 438.50 shows that the stock is still trading well below its yearly peak despite the companys strong recent operating figures.

Quarterly demand sets the test

According to Yahoo Finance on October 6, 2026, Lam Research generated USD 6.72 billion in fiscal fourth-quarter revenue, up 30 percent year over year, while adjusted EPS rose 35 percent to USD 1.82.

The same report said management guided for September-quarter revenue of USD 8.1 billion, plus or minus USD 400 million, and adjusted EPS of USD 2.15, plus or minus USD 0.15. That guidance is the key operating benchmark ahead of the October 21 results date.

According to MarketBeat, the latest quarter produced adjusted EPS of USD 1.82 against a USD 1.69 consensus estimate and revenue of USD 6.72 billion against USD 6.66 billion expected. The earnings comparison matters because the next report will test whether that performance can continue.

Analyst target remains higher

MarketBeat listed a Moderate Buy consensus from 32 analysts as of October 6, 2026, with an average price target of USD 364.59. The range extended from USD 184.20 to USD 500.00, showing a wide spread in expectations even as the consensus remained positive.

Markets Insider reported on October 5, 2026, that Morgan Stanley raised its target to USD 385 from USD 367 and kept an Overweight rating. The firm also lifted its system shipment growth forecasts to 50 percent for calendar 2026 and 47 percent for calendar 2027.

October 21 is the next checkpoint

Lam Research stock was last at USD 326.11 on Nasdaq on October 7, 2026 at 11:01 a.m. ET. The companys September-quarter report on October 21 will put the USD 8.1 billion revenue guide and USD 2.15 adjusted EPS guide against reported results.