Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Lam Research (LRCX) closed at $228.34 in the latest trading session, marking a +2.67% move from the prior day.
Lam Research is essential to semiconductor manufacturing, with advanced etching and deposition tools being critical for AI-driven chip complexity. The company benefits from a razor-and-blades model, generating high-margin, recurring service revenue that mitigates cyclicality and enhances profitability. Major tailwinds include surging AI compute demand, rising process intensity, advanced packaging adoption, and memory chip shortages driving capacity expansion.
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Taiwan Semiconductor Manufacturing ( TSM ) reported fourth-quarter earnings this morning, delivering another strong set of results that reinforced the durability of AI-driven semiconductor demand. Revenue came in at $33.73 billion, representing a 25.5% year-over-year increase.
I am upgrading Lam Research to a Buy, driven by robust wafer fabrication equipment demand and memory supply bottlenecks. Revised wafer fab spending forecasts now call for 10–15% YoY growth, supporting higher sales and margin expansion for LRCX. The base case price target is $246.84 (13% upside), with a bullish scenario at $291.11; EBITDA and free cash flow estimates are significantly raised.
Does Lam Research (LRCX) have what it takes to be a top stock pick for momentum investors? Let's find out.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
LRCX beats the semiconductor sector with a 165% surge, backed by booming AI demand, strong revenue growth and expanding margins.
Lam Research sees revenues from China falling below 30% in 2026 as export curbs ail, but AI-led demand outside China could help sustain growth.
Lam Research (LRCX) closed the most recent trading day at $214.33, moving 2.75% from the previous trading session.
Lam Research (LRCX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.