Lam Research Reports Record Q2 2026 Earnings Amid Strong Semiconductor Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Record Performance: Lam Research achieved a record revenue of $20.6 billion for fiscal year 2025, reflecting a 27% year-over-year increase that exceeded expectations and demonstrated strong execution in an accelerating semiconductor demand environment.
- Market Share Expansion: The company's share in the WFE market has risen to the mid-30% range, with the Akara etch system's installed base doubling, and its adoption in next-generation gate-all-around devices expected to grow by approximately 2x, further solidifying its market leadership.
- Optimistic Outlook: Management anticipates the WFE market will reach $135 billion in 2026, and despite clean room space constraints, they remain optimistic about growth in the second half of the year, particularly in DRAM and advanced logic investments.
- Customer Support Business Growth: The Customer Support Business Group reported approximately $2 billion in revenue, up 12% sequentially, with an installed base exceeding 100,000 chambers, indicating ongoing growth potential driven by equipment intelligence and predictive maintenance.
Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LRCX is 192.50 USD with a low forecast of 142.00 USD and a high forecast of 265.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 238.460
Low
142.00
Averages
192.50
High
265.00
Current: 238.460
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.
