Lam Research

Lam Research reports industry demand is "fundamentally sold out" and expects 8–10 new clean rooms at tier-one customers by end of next year, prompting expanded hiring, installation teams and supplier planning. The company is deploying AI trained on 30+ years of troubleshooting data to boost field-engineer productivity and to enable advanced service offerings, with about two-thirds of engineers already using the tools. Lam sees DRAM, leading-edge foundry/logic and NAND spending supporting growth, recorded strong customer-support revenue, and targets lifting gross margins from ~51–52% toward the mid-50% range over several years. » More on finance.yahoo.com

Lam Research expects the global market for wafer-fabrication equipment (WFE) to be in the low end of $150 billion in 2026, attributing the upward revision to stronger AI investments. The company reported a gross margin of 52% in the last quarter and targets long-term margins in the mid-50s percentage points, supported by new products, closer-to-customer manufacturing and supply-chain optimizations. Lam sees cleanroom capacity as the key bottleneck, is accelerating expansion in Malaysia and reported record revenues in its services business; 2027 could be tight, while 2028 could be constructive if fab construction and AI spending continue. » More on de.investing.com

Sands Capital highlighted Lam Research as a critical provider of etch and deposition equipment, benefiting from renewed semiconductor capital spending and rising chip manufacturing complexity. Lam reported strong revenue and adjusted EPS growth, exceeded June-quarter guidance, and holds exposure to high-bandwidth memory, advanced NAND and a recovering memory cycle. Shares have gained nearly 197% over the past year despite a recent one-month decline, and analysts have raised valuations on stronger DRAM investment forecasts. » More on finance.yahoo.com