Lam Research Stock Drops 1.2%

Semiconductor equipment maker's shares fall despite strong earnings forecast

Published on Mar. 2, 2026

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Shares of Lam Research Corporation (NASDAQ:LRCX), a leading supplier of wafer fabrication equipment and services to the semiconductor industry, fell 1.2% during mid-day trading on Monday. The stock traded as low as $227.23 before closing at $231.00, down from the previous close of $233.89.

Why it matters

Lam Research is a bellwether for the semiconductor industry, and its stock performance is closely watched by investors as an indicator of broader trends in the sector. The company's equipment is used in multiple stages of semiconductor device production, making it an important player in the global semiconductor supply chain.

The details

The decline in Lam Research's stock price came despite the company's strong earnings forecast. Several Wall Street analysts have issued "buy" ratings on the stock, with price targets ranging from $265 to $320. The company's Q3 2026 guidance calls for earnings per share of $1.25 to $1.45, suggesting continued growth.

  • Lam Research's stock price fell 1.2% during mid-day trading on Monday, March 2, 2026.
  • The company's Q3 2026 earnings guidance was issued on January 28, 2026.

The players

Lam Research Corporation

A global supplier of wafer fabrication equipment and services to the semiconductor industry, headquartered in Fremont, California.

Cantor Fitzgerald

A Wall Street brokerage firm that has issued an "overweight" rating and a $320 price target on Lam Research's stock.

Mizuho

A financial services group that has set a $265 price target on Lam Research's stock.

Oppenheimer

A financial services firm that has reaffirmed an "outperform" rating and a $265 price target on Lam Research's stock.

UBS Group

A global financial services company that has set a $300 price target on Lam Research's stock.

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What they’re saying

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What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.