U.S. Stocks Move | Flat Q2 Guidance Sends Lam Research (LRCX.US) Down Over 8%

Zhitong Finance APP has learned that on Thursday, Lam Research (LRCX.US) fell more than 8% to $239.04. On the news front, Lam Research reported first-quarter fiscal 2027 results, with revenue of $8.22 billion, above analysts' expectation of $8.13 billion, benefiting from continued strong demand for advanced chip manufacturing equipment; earnings per share were $2.20, also above the expected $2.18. Lam Research expects second-quarter revenue of about $8.6 billion, plus or minus $400 million, only slightly above analysts' expectation of about $8.54 billion; it expects adjusted earnings per share of $2.33, plus or minus $0.15, broadly in line with market expectations of $2.32. The midpoint of the revenue guidance for the next quarter is close to market expectations and does not provide a clear upside surprise; the guidance indicates that quarter-over-quarter revenue growth will slow compared with previous quarters, disappointing investors.