Lam Research Corporation’s Q3 Earnings Preview
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/LRCX'>Lam Research Corporation (NASDAQ:LRCX) </a>ahead of the company’s Q3 earnings report. The analysts expect Q3 results and Q4 guidance to be in line with current Street expectations, with the supply chain still limiting potential upside. </p>
<p>The analysts believe the company will reiterate strong demand supported by robust orders and a healthy backlog, but also suggest that supply constraints have not improved as much as hoped. Combined with the risks of expanding COVID lockdowns in China, the analysts see the potential for the company to defer more revenues into H2/22. </p>
<p>The analysts lowered their price target on the company’s stock from $650 to $560 while reiterating their hold rating.</p>

NASDAQ:LRCX