Lam Research reported strong Q2 2026 results with revenue of $6.72 billion, up 15.1% from the previous quarter, and a diluted EPS of $1.81, marking record performance. The company benefited from rising AI-driven demand reshaping the semiconductor industry, improving gross margin to 51.7% and operating margin to 37.4%. Lam's CEO highlighted strategic investments and technology leadership as key to sustaining growth amid manufacturing complexity. Looking ahead, Lam expects Q3 revenue around $8.1 billion and EPS of $2.15, signaling continued robust demand for semiconductor equipment.
Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest...
The Alger Concentrated Equity ETF (CNEQ) and the Mango Growth ETF (GARY) offer different U.S. growth exposures despite both being tech-heavy and actively managed. GARY focuses heavily on semiconductor and AI infrastructure stocks, capturing the AI ca...
Jefferies raised Lam Research's price target to $335 and maintained a Buy rating after the company beat Q4 2026 earnings and revenue estimates with $1.82 per share and $6.72 billion revenue. The semiconductor equipment maker expects strong future rev...
