
Lam Research (LRCX) Stock Forecast & Price Target
Lam Research (LRCX) Analyst Ratings
Bulls say
Lam Research is experiencing positive growth driven by significant increases in memory spending, particularly with DRAM revenue growing 36% quarter-over-quarter, supported by ongoing node transitions and demand for advanced memory technologies like HBM4/4E. The company has also demonstrated a robust performance in service revenue, which grew 12% quarter-over-quarter, underpinned by enhancements in Reliant systems and NAND-related upgrades. Furthermore, Lam's expanding market share in global wafer fabrication equipment (WFE), rising from approximately 10% a decade ago to about 15%, alongside a projected 23% increase in CY26 WFE to $135 billion, positions the company favorably for future growth in the semiconductor industry.
Bears say
The financial outlook for Lam Research is negatively impacted by a combination of unfavorable customer mix and decreasing revenue from China, which constituted 35% of total revenue in recent quarters. Additionally, there are significant headwinds from expected reductions in capital expenditures among key clients like TSMC, Intel, and Samsung, alongside challenges related to cleanroom capacity that could lead to order delays or cancellations. These factors create a constrained environment for semiconductor manufacturing equipment sales, thereby restricting the potential for revenue growth in the near term.
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
Start investing in Lam Research (LRCX)
Order type
Buy in
Order amount
Est. shares
0 shares