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.
Key Points
- 1Reports record revenue above $20B and margins beat expectations, served market share rose mid-30%
- 2Morgan Stanley raises price target and boosts wafer-fab growth forecasts to 23% and 27%
- 3Adoption of Akara etch and 100,000+ support chambers implies stronger service revenue monetization
Scoring Rationale
Official earnings and analyst revisions support credibility, but the update is incremental industry-specific news, not transformative.
Sources
Public references used for this report.
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