LRCX's Memory Strength: Will DRAM and NAND Fuel Future Gains?

Key Takeaways Lam Research's (LRCX) memory segment, accounting for both Dynamic Random Access Memory (DRAM) and Non-Volatile Memory (NVM) divisions, is gaining traction among its customers. In the third quarter of fiscal 2025, the company's memory segment revenues jumped nearly 24% year over year to $1.31 billion. In its NVM division, LRCX is experiencing strong demand driven by technology conversions as its customers transition from low-layer to 256-layer class NAND devices. NAND revenues are further drive ...