Lam Research (LRCX.US) shares plunge after guidance falls short of elevated expectations; Wall Street banks cut price targets but remain bullish on 2027 growth outlook.

Zhitong Finance APP has learned that semiconductor equipment manufacturer Lam Research (LRCX.US) saw its stock price fall about 10%, despite the company's latest quarterly results beating market expectations. Affected by a shortage of supply chain components, its guidance for the next quarter failed to meet investors' previously higher expectations. Wall Street analysts believe that supply bottlenecks are limiting Lam Research's ability to convert strong order demand into revenue, but as the global wafer fab equipment (WFE) market continues to expand, the company's growth prospects for 2027 and beyond remain optimistic.