New York, January 28, 2026, 05:09 EST — Premarket
Lam Research Corp (LRCX.O) shares climbed roughly 4.4% in early trading Wednesday, hitting $249. This pushed the chip-equipment maker’s rally further after the previous session and brought it into the spotlight ahead of its earnings.
Lam is set to release its December-quarter results just hours from now, after the U.S. market closes. The earnings call will kick off at 2:00 p.m. Pacific, 5:00 p.m. Eastern.
Lam, headquartered in Fremont, California, designs and maintains wafer-fabrication equipment—the machinery that produces chips—and supplies memory manufacturers, foundries, and integrated device manufacturers.
Lam’s shares surged roughly 7% Tuesday after Evercore ISI lifted its price target to $241 from $170, maintaining an “outperform” rating, MarketBeat reported. MarketBeat
Lynx Equity raised its target to $280, citing Lam’s “under-appreciated earnings potential into 2027.” The firm also suggested this report might trigger another wave of forecast upgrades. Investing.com
Analysts are projecting revenue to climb roughly 20% year-over-year, reaching $5.25 billion, with adjusted earnings estimated at $1.17 per share, according to a TradingView/StockStory earnings preview.
Investors are focused on the company’s outlook for the March quarter, watching for shifts in customer capital spending and whether service and support revenue will remain steady if tool shipments falter.
The impact goes beyond a single stock. Lam’s remarks often shift sentiment throughout the semiconductor-equipment sector, since traders use its guidance to gauge factory spending trends.
The bar is climbing. A rapid two-day ramp into earnings can swing either way, and light premarket action often paints a misleading picture — then flips once the real volume rolls in after the open.
