Lam Research Shares Slide Despite Record Performance

Lam Research US5128071082

Lam Research shares are experiencing significant downward pressure in recent trading sessions. The semiconductor equipment manufacturer saw its stock decline by 3.30 percent in the latest session, adding to earlier November losses that included a 5.0 percent drop following analyst downgrades. Market concerns primarily center on the company’s substantial exposure to China and challenges within the NAND memory segment.

Despite the negative market reaction, Lam Research’s financial performance tells a different story. The company delivered impressive results for the first quarter of 2026, exceeding expectations across key metrics:

• Revenue: $5.32 billion
• Non-GAAP earnings per share: $1.26
• Non-GAAP operating margin: 35 percent