Lam Research Shares Surge to Unprecedented Highs

The stock of semiconductor equipment manufacturer Lam Research continues to break records, propelled by an optimistic industry outlook and a wave of price target upgrades from top-tier analysts. This recent surge finds its catalyst in the robust financial results and substantial capital expenditure plans announced by chipmaking giant Taiwan Semiconductor Manufacturing Company (TSMC).

Lam Research recently reported quarterly earnings that surpassed market expectations. The company posted a profit of $1.26 per share, exceeding the anticipated $1.22. Revenue demonstrated significant year-over-year growth, climbing 27.7% to reach $5.32 billion.

Looking ahead, management’s own forecast for the ongoing second quarter of fiscal 2026 projects earnings per share in a range between $1.05 and $1.25. For the full fiscal Read more...