Lam Research Reports Record Revenue And Growth

Lam Research Corporation reported strong fiscal results and saw its stock guidance revised on Feb. 25, when Morgan Stanley raised its price target to $254 and increased wafer-fab equipment market growth forecasts for 2026 and 2027 to 23% and 27%. CEO Timothy Archer said calendar 2025 revenue topped the guidance midpoint, record revenue exceeded $20 billion, margins beat expectations, and adoption of Akara etch and support services accelerated.