Susquehanna Raises Semiconductor Equipment Spending Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Source: seekingalpha
- Forecast Upgrade: Susquehanna has raised its forecast for semiconductor wafer fab equipment spending to $300 billion by 2028, significantly higher than the previous estimate of $218 billion, indicating a robust recovery in market demand.
- Premium Payments: Larger customers are paying premiums to leading semiconductor equipment suppliers to secure allocations, particularly for the second half of 2027 to 2028, which is expected to drive revenue growth for equipment suppliers.
- Price Target Increases: The firm raised price targets for several companies, including Advanced Energy Industries (AEIS) from $430 to $535 and Applied Materials (AMAT) from $575 to $900, reflecting increased market confidence in these stocks.
- Long-term Growth Outlook: Analysts are raising estimates for 2026 and 2027 and introducing a projection of $250 billion for 2028, indicating strong long-term growth potential in the semiconductor equipment market.
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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: 351.410
Low
142.00
Averages
192.50
High
265.00
Current: 351.410
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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