Core Thesis - Lam Research Corporation (LRCX) is positioned for growth driven by strong demand in AI infrastructure and advanced packaging applications, with a bullish outlook on its stock performance [1][2][7] Financial Performance - LRCX reported Q2 fiscal 2026 revenue of $5.34 billion, a 22% increase year-over-year, marking the tenth consecutive quarter of growth despite a reduction in China's revenue contribution from 43% to 35% [3] - Non-GAAP EPS increased by 39.6% year-over-year to $1.27, with gross and operating margins at 49.7% and 34.3% respectively, despite some sequential contraction [4] Business Segments - The foundry segment accounted for 59% of system revenue, driven by TSMC's expansion into advanced nodes, while DRAM revenue increased, offsetting a decline in NAND revenue to 11% [4] - The Customer Support Business Group generated $1.99 billion in revenue, indicating strong recurring service demand [4] Technological Positioning - Lam Research holds a leadership position in key semiconductor technologies, including gate-all-around transistors and high-bandwidth memory (HBM4), supported by advanced tools that provide a comprehensive presence from wafer preparation to final assembly [5] - The company is expected to benefit from multi-year growth as semiconductor architectures evolve [5] Capital Management - Lam maintained aggressive capital returns, repurchasing $2.44 billion in stock and paying $619.5 million in dividends, while holding a flexible balance sheet with $6.2 billion in cash [5] Future Outlook - Forward guidance for Q3 FY26 anticipates revenue of $5.7 billion and EPS of $1.35, with full-year wafer fabrication equipment spending projected to reach $13.5 billion [6] - The combination of market share, advanced technology, and strong cash generation positions Lam as a compelling investment opportunity, particularly in AI-driven semiconductor demand [6][7]

One year can make a big difference. In January 2025, I made my first investment in Lam Research Corporation ( LRCX ) and added to my position after the Investor Day of LamI am a private investor, focused on long-term dividend growth investing. My investing career started more than 15 years ago. All companies I am investing in are analyzed thoroughly by myself before an investment decision is made. By writing articles on Seeking Alpha, I hope to inform other investors about details and facts maybe not everyb ...

格隆汇2月6日｜费城半导体指数大涨4.2%。其中，Arm涨超7%，迈威尔科技、AMD涨超6%，泛林集 团、柯磊、英伟达、应用材料、台积电涨超5%，英特尔、博通涨超4%，阿斯麦涨超3%。 | 代码 | 名称 | 涨跌幅 √ | | --- | --- | --- | | ARM | Arm Holdings | 7.24% | | COHR | Coherent | 6.94% | | MRVL | 迈威尔科技 | 6.47% | | AMD | 美国超微公司 | 6.39% | | LRCX | 泛林集团 | 5.95% | | KLAC | 科雷 | 5.62% | | ENTG | 英特格 | 6.05% | | NVDA | 英伟达 | 5.43% | | MPWR | Monolithic Power Sys | 5.64% | | AMAT | 应用材料 | 5.25% | | NVMI | Nova | 5.47% | | TSM | 台积电 | 5.02% | | INTC | 英特尔 | 4.80% | | AVGO | 博通 | 4.53% | | MTSI | MACOM Technolo ...

Key Takeaways Micron Technology is a momentum pick despite a sharp one-week pullback after strong yearly gains.Lam Research fits the momentum anomaly screen, pairing strong 52-week gains with a short-term decline.KLA Corporation has surged over the past year but has retreated sharply amid market volatility.The broader U.S. equity markets witnessed a downtrend over the past three trading days on the trot, as investors began to look beyond the technology sector with an intensified sell-off. Several blue-chip ...

We recently published Jim Cramer Discussed These 12 Stocks & Wondered Whether He Should Melt Silver.  Lam Research Corporation (NASDAQ:LRCX) is one of the stocks that Jim Cramer discussed. Lam Research Corporation (NASDAQ:LRCX) is an American semiconductor manufacturing equipment provider. Its shares have gained 156% over the past year and by 13% year-to-date. Stifel bumped the firm’s share price target to $250 from $160 in mid-January and kept a Buy rating on the shares. The financial firm discussed Lam ...

如果您希望可以时常见面，欢迎标星收藏哦~ Lam Research Cor 今 日 宣 布 ， Anirudh Devgan 博 士 已 加 入 其 董 事 会 。 Devgan 博 士 目 前 担 任 Cadence Design Systems, Inc.的总裁兼首席执行官（CEO），他将为Lam带来深厚的半导体生态 系统和技术专长。 （来源：内容编译自lamresearch） 点这里加关注，锁定更多原创内容 *免责声明：文章内容系作者个人观点，半导体芯闻转载仅为了传达一种不同的观点，不代表半导体芯闻对该 观点赞同或支持，如果有任何异议，欢迎联系我们。 10万亿，投向半导体 芯片巨头，市值大跌 黄仁勋：HBM是个技术奇迹 Jim Keller：RISC-V一定会胜出 全球市值最高的10家芯片公司 推荐阅读 自2012年加入Cadence以来，Devgan博士在该公司担任过多个高级领导职务。Cadence是计算软 件、人工智能和数字孪生领域的市场领导者。他自2021年起担任Cadence首席执行官和董事会成 员，并自2017年起担任公司总裁。此前，他曾担任执行副总裁兼数字与签核及系统验证部门总经 理。在他的 ...

Lam Research (LRCX) closed the last trading session at $209.78, gaining 3.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $273.79 indicates a 30.5% upside potential.The average comprises 28 short-term price targets ranging from a low of $184.20 to a high of $325.00, with a standard deviation of $31.61. While the lowest estimate indicates a decline of 12.2% from the current price ...

Core Viewpoint - Lam Research Corporation (NASDAQ:LRCX) is a significant player in the semiconductor industry, providing essential equipment and services for integrated circuit fabrication, with a focus on innovative solutions that enhance semiconductor efficiency and performance [1] Company Performance - Over the past month, LRCX has experienced a modest gain of 1.51%, indicating steady investor confidence and positive market sentiment [2][6] - However, in the last 10 days, the stock has seen a decline of 4.81%, which may present a buying opportunity for investors anticipating a rebound [2][6] Growth Potential - LRCX has a projected stock price growth of 27.32%, driven by solid fundamentals and a strong market position within the semiconductor industry [3][6] - The company's innovative solutions and strategic partnerships are expected to contribute to its ongoing growth [3] Financial Health - LRCX holds a Piotroski Score of 8, indicating strong profitability, liquidity, and operational efficiency, which are critical indicators of financial health [4] - A high Piotroski Score suggests effective management and the capability to sustain operations and growth [4] Target Price - The target price for LRCX is set at $267.5, reflecting analysts' expectations of the stock's fair value and providing a benchmark for potential future performance [5]

公众号记得加星标⭐️，第一时间看推送不会错过。 将系统拆分成多芯片（multi-die）组件，可以优先处理不同的处理器和功能，同时简化在非关键组件 短缺时的应急预案。此外，无需将所有组件都塞进最先进的工艺节点上尺寸与光罩大小相同的SoC芯 片中，而是可以根据实际情况选择合适的工艺节点来开发不同的芯片。 缩小功能尺寸对某些逻辑电路仍然很重要，但能够扩展到最先进节点的功能在整体设计中所占的比例 越来越小。另一方面，只要处理器和内存之间的数据传输速度足够快，能够处理爆炸式增长的人工智 能数据，就可以添加更多以芯片组形式存在的晶体管来提升性能。 " 具 体 到 2nm 工 艺 ， 这 些 复 杂 的 集 成 系 统 中 可 能 只 有 少 数 部 件 会 采 用 最 先 进 的 技 术 节 点 ， " Lam Research公司副总裁David Fried表示。"最终会形成一种优化。你需要为系统的每个元件选择最佳技 术。过去，我们通过单片集成来优化功耗、性能、面积和成本。而先进封装技术使我们能够针对各个 子系统优化功耗、性能、面积和成本。其结果通常是通过异构集成将不同的技术结合起来。芯片组是 分层系统集成的自然演进 ...

Lam Research Corporation (NASDAQ:LRCX) is one of the noteworthy S&P 500 stocks Jim Cramer highlighted. Cramer recommended building a position in the stock in stages. He remarked: Speaking of capacity, I want to jump to the sixth best performer in the S&P in January because it’s Lam Research, LRCX. Now, this is a semiconductor capital equipment maker. This is who you call when you want to boost your chip production. Lam reported great results on Thursday night, yet it suffered the same fate as Western Digi ...