5 Most Anticipated Tech Earnings to Watch

4. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 56

Lam Research Corporation (NASDAQ:LRCX) plans to announce its third-quarter earnings on October 19, 2022. Analysts expect the wafer fabrication equipment provider to earn $9.55 per share on revenue of $4.88 billion.

Moving forward, Lam Research Corporation (NASDAQ:LRCX) could take a hit from a recently imposed ban on chip shipments to China. BofA analyst Vivek Arya thinks new regulations could reduce the company’s sales between 5 – 10 percent.

Meanwhile, Lam Research Corporation (NASDAQ:LRCX) and some other semiconductor equipment firms have reportedly halted equipment support for Chinese customers. They have also stopped the supply of new chip-production equipment to the country.