×
×

$LAM Trend for Nigeria! Lam Research Record Revenue But Stock Sink 9%

Di cashtag $LAM dey trend for Nigeria, and trends24.in put am for number 12 for di country. X search link for $LAM dey open for anybody wey wan follow posts under di cashtag.

Di news reports wey dey around di trend focus on Lam Research (NASDAQ:LRCX). Di company report record fiscal Q1 2027 revenue and adjusted earnings per share wey pass analyst estimates on October 21. Sales reach $8.22 billion, while non-GAAP EPS stand at $2.20. Chief executive Tim Archer tok say, “With AI driving higher semiconductor demand and greater device complexity, our focus on operational execution helped Lam deliver record revenue, profit, and earnings per share in the September quarter.”

Even with dat record quarter, Lam Research stock still fall. Yahoo Finance report say di company top first-quarter targets and issue upbeat guidance, but di stock go down. Yahoo Finance also report say Lam Research sink 9% to $236.83 in early trading as supply constraints cap di outlook. Di supply warning inside an otherwise record quarter pull chip equipment stocks lower. Applied Materials (NASDAQ:AMAT) fall 6% to $385.41, and ASML Holding (NASDAQ:ASML) drop 4% to $1613.97. Di iShares Semiconductor ETF (NASDAQ:SOXX) fall 4%, while di Invesco QQQ Trust (NASDAQ:QQQ) fall 2%.

AskTraders.com report say Lam Research stock fall after hours despite record revenue. XTB.com describe di result as strong numbers with limited upside surprise. Barron’s on MSN report say di trouble for Lam Research, Applied Materials, and KLA fit just dey start, and Citi believe say more downside fit still dey after di three stocks don book big declines.