Can Lam Research's Systems Business Sustain Growth Amid AI Capex Boom?

Key Takeaways Lam Research's Systems revenues rose 28% YoY to $3.36B in fiscal Q2 2026 amid AI-driven demand.LRCX benefits from rising AI chip capex, boosting demand for etch and deposition tools.Analysts see fiscal 2026 Systems revenues at $14.5B, up 26.2% YoY on strong order visibility.Lam Research Corporation (LRCX) is seeing strong demand for its Systems business, driven by rising investments in artificial intelligence (AI) infrastructure. Chipmakers are increasing spending on advanced tools to support ...