Semiconductor Stocks Start 2026 Strongly with Significant Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 08 2026
0mins
Should l Buy LRCX?
Source: Fool
- Strong Industry Performance: As of now, the PHLX Semiconductor Sector Index has risen by 12.5%, indicating a robust start for semiconductor stocks in 2026, which has captured investor interest and suggests potential industry recovery.
- Outstanding Company Gains: Micron Technology and Sandisk have surged by 47% and 193%, respectively, driven by strong demand for memory chips used in AI data centers and edge devices, highlighting the urgent market need for high-performance storage solutions.
- Lam Research Growth: Lam Research's revenue increased by 22% year-over-year in Q2 of fiscal 2026 to $5.34 billion, primarily benefiting from the surge in demand for memory manufacturing equipment, underscoring the company's vital role in the global memory market.
- Optimistic Future Outlook: Lam anticipates a 21% year-over-year revenue increase in 2026, with adjusted earnings expected to jump by 30%, and due to the ongoing memory shortage, it may exceed expectations, further solidifying its market-leading position.
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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: 231.290
Low
142.00
Averages
192.50
High
265.00
Current: 231.290
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, 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, such as nanoscale applications 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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