- Prev close
- $311.35
- Day range
- $303.83 – $315.59
- From 52-wk high
- -29.0%
- Next earnings
- in 73 days
Lam Research’s 2026-08-05 close was a -3.2% slide while the S&P 500 fell -0.2% and the Nasdaq 100 fell -0.4%, so the move looks more stock- and sector-specific than market-driven. The setup is mixed: revenue is growing +26.0% YoY with gross margin +50.5%, but the stock still trades at 52.1 times earnings and 32.2 times forward earnings.
LRCX
LAM RESEARCH CORP
As of Aug 6, 2026
62/100
Worth keeping an eye onHealth ScoreMove driver
The primary driver looks sector- and stock-specific, not the broad tape. LRCX fell -3.2% on 2026-08-05, while the S&P 500 moved -0.2% and the Nasdaq 100 moved -0.4%; that gap is too wide to blame on the market alone. The same backdrop included a chip-rout headline set, which fit the move better than the modest index decline, so this reads as semiconductor-specific pressure rather than general risk-off trading.
Volatility vs fundamentals
This looks like elevated but not dislocated volatility, because the business fundamentals are still strong: revenue is +26.0% YoY (TTM), the latest quarter is +30.0% YoY, and EPS is +38.6% YoY (TTM). Margins are also healthy at gross +50.5%, operating +35.3%, and net +31.3%. Against that, valuation is demanding at 52.1 P/E and 32.2 forward P/E, with a PEG of 1.58 — the P/E divided by growth, so investors are paying 1.58 times growth — and beta is 1.87, which signals a more volatile stock. The decline is therefore not evidence of broken fundamentals; it is a sharper-than-index move in a high-beta name where strong growth is already priced in.
Earnings setup
The next earnings report is scheduled for Wednesday after market hours, but the exact calendar date is not available in the facts provided here. The market is looking at a company with revenue growth of +26.0% YoY (TTM), latest-quarter revenue growth of +30.0% YoY, EPS growth of +38.6% YoY (TTM), and margins of gross +50.5%, operating +35.3%, and net +31.3%. Prior-print reaction history is not included in the facts, so I can’t quantify the usual post-earnings move. The key questions are whether +30.0% latest-quarter growth can hold, whether margins stay near +35.3% operating and +31.3% net, and whether the current 52.1 P/E / 32.2 forward P/E is justified by the order backdrop.
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