I am downgrading Lam Research to a 'Hold' rating with a fair value of $73 due to increasing geopolitical risks. Despite strong Q3 results and robust demand for NAND technology, near-term growth may face volatility from potential tariffs and geopolitical tensions. Management's confidence in global Wafer Fab Equipment spending remains high, but pre-purchasing activities could impact FY26 growth.
Known for being a cyclical industry to begin with, many semiconductor stocks have been down significantly since the summer of 2024. And just as some investors were inching back into technology stocks, DeepSeek and tariffs came in to put a ceiling on chip stocks.
Lam Research Corporation (NASDAQ:LRCX ) Q3 2025 Earnings Conference Call April 23, 2025 5:00 PM ET Company Participants Ram Ganesh - VP, IR Timothy Archer - President and CEO Douglas Bettinger - EVP and CFO Conference Call Participants C.J. Muse - Cantor Fitzgerald Timothy Arcuri - UBS Harlan Sur - JPMorgan Stacy Rasgon - Bernstein Research Krish Sankar - TD Cowen Srinivas Pajjuri - Raymond Jam...
Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company's shares up 4.5% in extended trading.
FREMONT, Calif. , April 23, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 30, 2025 (the "March 2025 quarter").
Lam Research is a leading player in the wafer fabrication equipment industry, crucial for semiconductor production, and is currently rated a buy. Despite a 40% decline from its peak, LRCX shows strong financial recovery with rising revenue, earnings, and cash flow, presenting a good buying opportunity. The semiconductor industry, worth $681 billion, and expected $200 billion WFE investment, ind...
FREMONT, Calif. , April 16, 2025 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today announced the donation of its innovative multi-chamber semiconductor etching system to the Marvell Nanofabrication Laboratory at the University of California, Berkeley to advance research and development (R&D) for next-generation chip technologies.
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