Known for being a cyclical industry to begin with, many semiconductor stocks have been down significantly since the summer of 2024. And just as some investors were inching back into technology stocks, DeepSeek and tariffs came in to put a ceiling on chip stocks. But if the recent earnings report from Lam Research Corp. (NASDAQ: LRCX) means anything, that ceiling may be a floor that launches LRCX stock higher as well as the entire sector.
Lam Research delivered a strong earnings report by beating analysts’ estimates on the topline and bottom line. Revenue of $4.72 billion was higher than the estimate of $4.64 billion, 7% higher than the prior quarter, and 24.5% higher year-over-year (YoY). Highlights included record revenue for the company’s foundry business and from Taiwan.
