New York, Jan 19, 2026, 14:53 EST — Market closed.
- LRCX ended Friday on a high note, while U.S. cash markets remain closed today.
- Traders are assessing weekend tariff news and its impact on chip supply chains.
- Lam’s quarterly results and earnings call set for Jan. 28 will be the next major catalyst.
Lam Research shares closed Friday up 2.52% at $222.96, gearing up for a holiday-shortened session when U.S. equities return Tuesday. The chip-equipment maker swung between $219.00 and $225.69 during the day and was last seen at $223.50 in after-hours trading, per data from StockAnalysis. 1
U.S. stock markets will be closed Monday in observance of Martin Luther King Jr. Day, delaying the next assessment of risk appetite until trading resumes Tuesday. 2
The halt follows global markets reacting to new tariff threats from U.S. President Donald Trump, which weighed on U.S. tech stocks in Europe and dragged equity futures lower. Nasdaq 100 futures slipped 1.25% in early Monday trading across Europe, Reuters reported. 3
In a Reuters analysis, Trump’s weekend threat spelled out tariffs starting at 10% from Feb. 1, climbing to 25% by June 1 on goods from several European countries—unless the U.S. gets to buy Greenland. “I’m sure that there are a lot of people that are fairly aghast at what happened over the weekend,” said Francesca Fornasari, head of currency solutions at Insight Investment. Leonard Kwan, fixed income portfolio manager at T Rowe Price, dismissed it as “more noise than signal at this point.” 4
For Lam, the challenge isn’t just one headline; it’s the hit to spending confidence. The company provides wafer fabrication equipment—the gear used in making semiconductors—and demand can shift fast when clients reconsider their capital budgets.
That shift puts peers back on the radar. Applied Materials, KLA and Europe’s ASML often move in tandem, and fresh tariff chatter can quickly ripple through forecasts for costs, delivery times, and international demand.
With U.S. cash markets closed on Monday, investors are focused on futures and tech stocks overseas for clues. The first hour Tuesday usually sets the tone: will dip-buyers step in, or will traders lighten up ahead of earnings?
Lam will release its earnings and host its quarterly financial conference call and webcast on Wednesday, Jan. 28, the company announced. The call is set for 2:00 p.m. Pacific (5:00 p.m. Eastern). 5
There’s a risk on the horizon. Should tariff threats turn into actual policy, chipmakers might hold off on tool orders or push back deliveries. The sector’s recent rally could quickly reverse if guidance falls short or bookings falter.
Next up are two key moments packed close: Tuesday’s semiconductor reopening, followed by Lam’s Jan. 28 report and earnings call. Investors will see that as the latest insight into wafer-fab spending trends for 2026.
