Semiconductor Capital Equipment_ WFE update, NAND uptick but question durability

February 23, 2025 09:00 PM GMT Semiconductor Capital Equipment WFE update, NAND uptick but question durability We revise up our 2025/2026 WFE forecast from $96bn/$ 101bn to $99bn/$ 103bn. We like the tactical NAND set up but question durability due to end-market trends. What's Changed? We revise up our 2025 WFE forecast from $96bn (down 6% y/y) to$ 99bn (down 3%) and our 2026 forecast from $101bn (up 6%) to$ 103bn (up 4%). Our 2025 revision is driven by NAND ( $1bn) and DRAM ($ 2bn) and we tweak up our 2026 NAN ...