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Lam Research gains 23 FY EPS upgrades but stock declines as export ban to Hua Hong emerges; peers gain

Lam Research (LRCX) accumulated 23 upward FY EPS revisions in 7 days with zero cuts, lifting the FY consensus 6.4% to $5.68. However, the stock closed down 0.5% on April 28 following a day in which it had already declined 5-6% amid news of a US Commerce Department order halting tool shipments to Hua Hong, China's second-largest chipmaker. Peers AMD and QCOM gained 3.6% and 3.2% on the same day.

Supporting queries

To surface this insight, Baselight ran 14 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

EPS revisions: 23 up, 0 down (7-day, FY 2026); FY EPS consensus $5.68 vs $5.34 (+6.4%); close $251.23 (−0.5%); stock down 5-6% on April 28 before export ban announcement; 52-week high $272.41 (−7.7%); volume 11.27M; AMD +3.6%, QCOM +3.2% same session; US Commerce Department ordered LRCX, AMAT, KLAC to halt shipments to Hua Hong.

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