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Lam Research shares slide overnight despite record profit and sales

According to Stocktwits, Lam Research stock fell nearly 8% after record results, as the company flagged supply delays and a smaller China share.

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what happened

According to Stocktwits, Lam Research (LRCX) shares dropped about 8%, to $242, in overnight trading on Wednesday, even though the chip-equipment maker reported record fiscal first-quarter results. During the regular session on Wednesday the stock had already lost 1%, and it was on course for a third straight weekly decline.

Revenue came in at $8.22 billion, above the $8.14 billion consensus, and adjusted earnings per share hit a record $2.20 against a $2.18 estimate. CFO Doug Bettinger said supply constraints held back the outlook, and shipments affected in December would move into March. December-quarter revenue is guided at $8.6 billion, plus or minus $400 million.

Lam also expects China's share of revenue to fall meaningfully in December, driven by domestic customers. The company sees 2027 wafer fab equipment spending above $200 billion, led by DRAM.

why it matters

For the chip-equipment sector the news is mixed: AI-driven demand remains strong, but supply delays and a shrinking China contribution add near-term risk. Investors will watch how fast shipments recover and how much China business holds up.

market impact

Chip equipment makers: supply delays and weaker China outlook weigh on LRCX

tags

EarningsStockUnited States

instruments

LRCXLam ResearchWFE equipment stocksChina chip exposure

sources

  1. LRCX Stock Tumbles Overnight Despite Record Profits: Supply Snags Put Sales On Hold As China Slowdown Looms — Stocktwits, 22 October 2026 at 03:11 UTC

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