NASDAQ:LRCX 20 January 2026 - 28 January 2026

Lam Research shares fell 0.1% to $238.15 by midday, nearing session lows ahead of its quarterly earnings due after the close. Options traders expect a swing of about 7.9% in either direction following results. Analysts forecast earnings of $1.17 per share on $5.24 billion revenue. Mizuho raised its price target to $265, citing accelerating wafer fab equipment spending.

Lam Research shares rose 4.4% premarket Wednesday to $249, extending a rally ahead of its December-quarter earnings due after the U.S. close. The stock jumped 7% Tuesday after Evercore ISI and Lynx Equity raised price targets. Analysts expect revenue to reach $5.25 billion, up 20% year-over-year, with adjusted earnings at $1.17 per share. Investors are watching for updates on customer spending and service revenue.

Lam Research shares jumped 6.7% to $237.70 Tuesday after Evercore ISI raised its price target to $241, keeping an Outperform rating. The move comes ahead of Lam’s quarterly earnings report Wednesday, which investors expect to reveal trends in chip industry capital spending.

Lam Research shares rose 2.3% to $222.87 in after-hours trading Monday after Evercore ISI raised its price target to $241 and reiterated an Outperform rating. The move comes ahead of Lam’s December-quarter results, set for release Wednesday, with investors watching for updates on chip tool demand and customer spending.

Lam Research shares fell 1.3% to $217.94 Friday, extending a two-day slide despite Citi raising its price target to $265. The stock closed about 7.7% below its 52-week high. Investors await Lam’s Jan. 28 earnings and the Federal Reserve’s rate decision next week. Trading volume on Friday was near 10 million shares.

Lam Research shares fell 1.3% to $217.94 Friday, extending a three-day slide as chip equipment stocks reacted to Intel’s weak outlook. Trading volume was below average, with Lam closing about 7.7% under its 52-week high. Investors are focused on Lam’s January 28 earnings for signals on chipmaking tool demand. Wall Street expects quarterly earnings of $1.17 per share on $5.23 billion revenue.

Lam Research shares fell 0.7% to $219.20 in late morning trading Friday, extending Thursday’s 3.4% drop. The stock remains 5.2% below its 52-week high set earlier this week. Citi and Deutsche Bank raised price targets ahead of Lam’s Jan. 28 earnings call. Intel’s weak outlook and Fed rate uncertainty weighed on chip stocks across the sector.

Lam Research shares fell 3.4% to $220.70 Thursday, slipping from a 52-week high reached the previous day. The decline came despite Citi and Deutsche Bank raising their price targets ahead of Lam’s Jan. 28 earnings. Investors are watching for 2026 chip-equipment spending forecasts, not just quarterly results. Lam’s trading volume was near average as the S&P 500 rose 0.6%.

Lam Research shares fell 2.9% to $221.88 by midday Thursday after an early jump to $238.20, despite Citi and Deutsche Bank raising price targets and reaffirming Buy ratings. The broader chip equipment sector was steady, with the VanEck Semiconductor ETF up 0.7%. Investors await Lam’s quarterly results and guidance on January 28.

Lam Research shares rose 2.6% to $228.39 in after-hours trading Wednesday after multiple analysts raised price targets ahead of next week’s earnings. Analysts cited strong demand and accelerated chip equipment orders, with Deutsche Bank, UBS, and Needham all boosting targets and maintaining Buy ratings. Applied Materials, KLA, and ASML shares also gained. Lam reports results Jan. 28.