
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research's stock outlook is supported by significant growth in memory spending, with DRAM revenue increasing 36% quarter-over-quarter and 13% year-over-year, fueled by ongoing transitions in node technology and strong demand for high-bandwidth memory. The company's services revenue has also shown resilience, up 12% quarter-over-quarter and 14% year-over-year, largely due to upgrades related to NAND technology. Furthermore, the company's share of the global wafer fabrication equipment market has notably expanded to approximately 15%, and the outlook for the wafer fabrication equipment market in calendar year 2026 anticipates a growth of around 23% year-over-year, indicating positive future demand dynamics.
Bears say
Lam Research is facing significant headwinds, including a 90 basis points quarter-over-quarter decline in gross margins due to a less favorable customer mix, particularly with decreasing revenue from China. The company is experiencing a slowdown in demand from key customers TSMC and Samsung, compounded by anticipated capital expenditure cuts at Intel, which could lead to reduced spending in the semiconductor equipment sector. Furthermore, limitations in cleanroom capacity may result in order pushouts or cancellations, dampening the company's growth potential and exacerbating its reliance on a shrinking share of revenue from China.
This aggregate rating is based on analysts' research of Lam Research and is not a guaranteed prediction by Public.com or investment advice.
Lam Research (LRCX) Analyst Forecast & Price Prediction
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