Lam Research builds the complex machines that make the computer chips powering our devices.
The company makes money selling and servicing its chip-making equipment, with strong gross margins around 50% and net margins over 30%.
Lam Research's deep expertise in deposition and etch technologies creates a significant barrier to entry for competitors like Applied Materials and Tokyo Electron.
Sell (sector percentile 23) — value C, growth B-, profitability A-, momentum B+, revisions D-. Updated daily, sector-relative, identical for every user.
Key events, in time order
13F filings show mixed institutional moves, indicating divergent views.
AI-driven HBM demand and advanced memory nodes expand growth opportunities.
Bridgewater adds LRCX to top 10 in Q2; Tiger Global updates holdings
Per $100B AI capex, WFE demand raised from ~$8B to $9-10B
Zacks upgrade on earnings optimism, plus retail investor noting LRCX as rare post-earnings gainer, reinforces post-earnings momentum
Zacks reports LRCX expands into PLP, targeting fast-growing advanced packaging market as AI chip demand rises.
Multiple sources confirm earnings timing; analysts expect EPS $1.69, focus on guidance
Bank of Nova Scotia discloses 9% stake increase, now holding $200.73 million in LRCX, continuing institutional buying trend
SK Hynix drops >9% in Seoul, Samsung falls >7%, losses spread across Asia's chip supply chain, impacting equipment makers like LRCX.
ASML's strong guidance yesterday contrasts with unchanged LRCX expectations; analysts see Lam estimates too low, semi capex correlated.
Weekly refresh adds LRCX alongside multiple chip names; ETF covers companies reporting earnings this week.
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Goldman Sachs revised WFE forecasts upward, projecting significant growth through 2028. This fundamental thesis is driven by market expansion and strong year-over-year performance.
Main discussion
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