Lam Research (LRCX) Stock: What to Know Before the Bell on November 17, 2025 — Earnings, Guidance, China Risk, and AI/HBM Tailwinds
Lam Research reported fiscal Q1 revenue of $5.32 billion and non-GAAP EPS of $1.26, with China accounting for 43% of sales. The company raised its quarterly dividend to $0.26 and repurchased $976 million in stock. U.S. export rules remain a risk, with new restrictions on shipments to TSMC Nanjing set for year-end. Shares closed Friday at $148.26, valuing Lam at $162.4 billion.