Lam Research's Stock Nearly Doubles in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: NASDAQ.COM
- Memory Market Growth: Lam Research's stock has nearly doubled in 2026, primarily due to its critical role in the memory industry, with its addressable market poised for rapid growth, potentially driving further stock price increases.
- Accelerated Investments: Micron Technology and Sandisk have delivered impressive returns in 2026, driven by a supply-demand imbalance in the memory market, where AI data centers are quickly cornering memory chip supplies, creating significant shortages for smartphones, vehicles, and other applications.
- Surging Capital Expenditures: SK Hynix plans to double its wafer capacity over the next five years, while Micron is on track for $25 billion in capital expenditures this fiscal year, a substantial increase from last year's $13.8 billion; JPMorgan has also raised its 2027 memory capex forecast to $144 billion, reflecting strong expectations for memory equipment demand.
- Upgraded Earnings Projections: Lam Research's earnings are projected to grow by 37% to $5.68 per share this fiscal year, followed by a 40% increase next year; although growth rates may slow in subsequent years, robust memory demand and equipment investments are expected to drive performance beyond analyst expectations.
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Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 374.180
Low
142.00
Averages
192.50
High
265.00
Current: 374.180
Low
142.00
Averages
192.50
High
265.00
About LRCX
Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, cloud and enterprise servers, wearables, automotive vehicles and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. It offers services in areas like nanoscale manufacturing enablement, chemistry, plasma and fluidics, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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