On October 29, Lam Research fell 3.27% Overnight, trading at $245.52 per share, with turnover of $1.3813 million.

The move appears tied to lingering pressure from the company’s latest earnings release, where fiscal Q1 results slightly beat expectations but management flagged near-term supply-chain constraints and weaker China sales, keeping investors cautious on the growth outlook.

Lam Research previously reported fiscal Q1 revenue of $8.22 billion and adjusted EPS of $2.20, both modestly above consensus. It guided fiscal Q2 revenue to about $8.6 billion and adjusted EPS to $2.33, broadly in line with market expectations, but management said sales would have been higher without supply constraints. Subsequent analyst target-price cuts and concerns around China exposure have continued to cap sentiment even after recent technical rebounds in semiconductor equipment shares.

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