US Stocks Move | Lam Research rises about 6% pre-market, set to open at a record high, Q3 guidance far exceeds expectations

Glonghui, January 29｜Semiconductor manufacturing equipment company Lam Research (LRCX.US) rose about 6% in pre-market trading to $253.4, with opening momentum set to reach a record high. In terms of news, Lam Research released better-than-expected financial results and guidance for the second quarter of fiscal year 2026. According to the financial report, the company’s revenue for the second quarter reached $5.34 billion, a year-on-year increase of 22%, exceeding expectations by $100 million; non-GAAP earnings per share were $1.27, beating expectations by $0.10. Looking ahead, Lam Research expects third-quarter revenue to be between $5.4 billion and $6.0 billion, far exceeding the previous expectation of $5.3 billion. Earnings per share are expected to be between $1.25 and $1.45, higher than the market consensus of $1.20.