Lam Research Gains Price-Target Hikes on AI Memory Upswing With Jan. 26 Earnings Next
Attention shifts to Lam’s Jan. 26 report to validate raised WFE forecasts.
Overview
- UBS, B. Riley, Mizuho and BofA lifted price targets in mid-December to roughly $195–$200 while reiterating positive ratings.
- Analysts cite Lam’s leadership in etch tools and above-average memory exposure as key advantages in the AI-driven WFE cycle.
- Mizuho raised 2026 wafer fab equipment spending estimates, reinforcing expectations for a stronger memory investment upturn.
- BofA frames 2026 as a midpoint in an 8–10 year transition toward hardware optimized for accelerated AI workloads.
- Lam guides fiscal Q2 revenue to about $5.20 billion and EPS near $1.15, while Wall Street models roughly $5.23 billion and $1.16 for the Jan. 26 release.