--- title: "Lam Research Stock Is Gaining Friday: What's Going On?" type: "News" locale: "en" url: "https://longbridge.com/en/news/295258198.md" description: "Lam Research (LRCX) stock rose 1.4% on Friday, driven by a broader technology sector rally and strong momentum from its recent fiscal Q4 earnings. The company reported record revenue of $6.72 billion and beat estimates, with AI-driven demand boosting outlooks. For Q1, Lam forecast revenue of $7.70-$8.50 billion, significantly above analyst expectations. Despite near-term technical weakness, the stock remains in a long-term uptrend, supported by consensus 'Buy' ratings from analysts." datetime: "2026-08-07T15:51:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295258198.md) - [en](https://longbridge.com/en/news/295258198.md) - [zh-HK](https://longbridge.com/zh-HK/news/295258198.md) --- # Lam Research Stock Is Gaining Friday: What's Going On? **Lam Research Corp.** (NASDAQ:LRCX) stock rose about 1% on Friday as semiconductor equipment stocks advanced alongside a broader rally in technology shares. The technology sector gained 1.20%, while advancing stocks outpaced decliners by roughly 2.7-to-1. The Nasdaq climbed 1.12% and the S&P 500 added 0.63%. The stock also continued to draw support from its fiscal fourth-quarter results, released on July 29, which topped Wall Street expectations and included stronger-than-expected first-quarter guidance driven by demand for artificial intelligence-related chipmaking equipment. Friday’s gains appeared to reflect broad market strength rather than a company-specific development. Growth-oriented sectors led the market, with consumer discretionary and technology stocks outperforming. Eight of the 11 S&P 500 sectors traded higher, lifting semiconductor equipment makers along with the broader technology sector. ## Strong Earnings And AI-Driven Outlook Lam Research reported fiscal fourth-quarter revenue of $6.72 billion, exceeding analysts’ estimates of $6.67 billion, according to Benzinga Pro. Adjusted earnings came in at $1.82 per share, ahead of consensus estimates of $1.68 per share. Gross margin was 51.7%, while operating margin reached 37.4%. “Lam delivered record revenue, operating margin and earnings per share in the June quarter as AI-driven demand continues to reshape the semiconductor industry,” President and CEO **Tim Archer** said. The company ended the quarter with $5.6 billion in cash, cash equivalents and restricted cash. For the fiscal first quarter, Lam forecast revenue of $7.70 billion to $8.50 billion, well above analysts’ expectations of $7.09 billion. The company also projected adjusted earnings of $2.00 to $2.30 per share, compared with consensus estimates of $1.83 per share. ## Lam Research Technical Picture Lam Research remains in a long-term uptrend. The stock trades about 26% above its 200-day simple moving average and roughly 3% above its 100-day moving average. The shorter-term trend is less constructive. Shares remain about 8.5% below the 50-day moving average, while the 20-day moving average remains below the 50-day average, indicating weaker near-term momentum. The relative strength index stands at 48, suggesting neutral momentum rather than overbought or oversold conditions. A key support level sits near $298.50, close to the 100-day moving average where buyers have previously emerged. ## Technology Sector Continues To Lead Lam Research slightly outperformed the broader technology sector on Friday, rising about 1.46% versus the Technology Select Sector SPDR Fund’s 1.20% gain. Technology has remained one of the market’s strongest sectors, rising about 3.4% over the past 30 days and 5.5% over the past 90 days. Continued leadership in the sector could help Lam Research retest its 50-day moving average. ## Lam Research Analyst Outlook According to Benzinga’s analyst data, Lam Research carries a consensus Buy rating with an average price forecast of $384.84. Recent analyst actions include: - **Morgan Stanley** maintained an Overweight rating and lowered its price forecast to $367 on July 30. - **B. Riley Securities** maintained a Buy rating and reduced its price forecast to $350 on July 30. - **Wells Fargo** maintained an Overweight rating and lowered its price forecast to $350 on July 30. ## ETF Exposure Lam Research is a significant holding in several exchange-traded funds, including **the Global X S&P 500 Catholic Values ETF**, **the Corgi Lithography & Semiconductor Photonics ETF** and **the Baron Technology ETF**. Large inflows or outflows in those funds can create additional buying or selling pressure in the stock because of their portfolio weightings. ## Lam Research Price Action **LRCX Stock Price Activity:** Lam Research shares were up 1.42% at $310.10 at the time of publication on Friday, according to Benzinga Pro data. _Photo via Shutterstock_ **Read Also: Chip Stocks Find Buyers After Earnings Shock Shakes Out AI Trade** ### Related Stocks - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [LRCU.US](https://longbridge.com/en/quote/LRCU.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [RILY.US](https://longbridge.com/en/quote/RILY.US.md) - [WFC.US](https://longbridge.com/en/quote/WFC.US.md) - [CATH.US](https://longbridge.com/en/quote/CATH.US.md) - [EUV.US](https://longbridge.com/en/quote/EUV.US.md) - [BCTK.US](https://longbridge.com/en/quote/BCTK.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [RILYL.US](https://longbridge.com/en/quote/RILYL.US.md) - [RILYG.US](https://longbridge.com/en/quote/RILYG.US.md) - [RILYN.US](https://longbridge.com/en/quote/RILYN.US.md) - [RILYK.US](https://longbridge.com/en/quote/RILYK.US.md) - [RILYP.US](https://longbridge.com/en/quote/RILYP.US.md) - [RILYZ.US](https://longbridge.com/en/quote/RILYZ.US.md) - [RILYT.US](https://longbridge.com/en/quote/RILYT.US.md) - [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md) ## Related News & Research - [Lam Research (NASDAQ:LRCX) Stock Price Up 1.6% - What's Next?](https://longbridge.com/en/news/295582536.md) - [5 insightful analyst questions from Lam Research’s Q2 earnings call](https://longbridge.com/en/news/295375060.md) - [Lam Research CEO Timothy Archer disposes of USD 9 million in common shares](https://longbridge.com/en/news/295262982.md) - [Lam Research Corporation $LRCX Shares Sold by Handelsbanken Fonder AB](https://longbridge.com/en/news/295520659.md) - [LRCX: Record revenue and margin growth driven by AI demand, with strong outlook for next quarter](https://longbridge.com/en/news/294254072.md)