Lam Research (LRCX) 2025 Conference September 03, 2025 08:50 AM ET Company ParticipantsDouglas Bettinger - EVP & CFOConference Call ParticipantsAtif Malik - U.S. Specialty Semiconductors AnalystAtif MalikCiti Global TMT Conference. My name is Atif Malik. I cover U.S. semiconductors, semiconductor equipment, and networking equipment stocks. It's my pleasure to welcome Doug Bettinger, EVP, CFO, Lam Research, as well as Ram Ganesh, Friendly Neighborhood IR. I'm going to kick it off with my questions, and if yo ...

August 31, 2025 08:00 PM GMT Semiconductor Capital Equipment 2026 WFE Outlook: Still see growth vs tough 2025 comps 2025 is shaping up to be a record year ($117bn, up 14% y/y), setting a tough comp for 2026. However, we expect TSMC & DRAM to drive 5% growth to $122bn. What's Changed? We've revised our 2025 WFE forecast from $109bn (up 6% y/y) to $117bn (up 14%) and our 2026 forecast from $110bn (up 1% y/y) to $122bn (up 5%). Our 2025 revision is driven by NAND and logic, while our 2026 revision is driven by ...