Why Is Lam Research Stock Soaring Friday? - Lam Research (NASDAQ:LRCX)

Benzinga · Lekha Gupta · 2026-11-06 13:59 UTC

Lam Research stock surges 11% premarket after approving a $25B share buyback and declaring a $0.33 dividend. Read the full update.

Lam Research Corporation (NASDAQ:LRCX) stock rebounded in Friday’s premarket trading after a sharp semiconductor selloff. The recovery followed the company’s announcement Thursday of a $25 billion stock buyback authorization.

The chip equipment maker also declared a quarterly dividend of 33 cents per share.

Lam Research Unveils $25 Billion Buyback

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