"Evercore ISI lifted its target to $241 from $170, Deutsche Bank went to $260, and Bank of America moved to $245. The stock surged 4.4% in premarket trading on Wednesday to $249, pushing well past its previous 52-week high of $239.50. Zacks upgraded LRCX to a #1 Rank ahead of the report, citing a shift from cyclical recovery to structural "content gain" in semiconductor manufacturing."
"Margins tell the story here. Lam expanded gross margins from 47.4% in Q1 fiscal 2025 to 50.4% by Q4-a 300 basis point sequential improvement driven by better product mix and manufacturing efficiency. I'll be watching whether the company can hold gross margins above 50% or if we see normalization pressure. The guidance commentary matters more than the print. TSMC expanded capital expenditure plans, Micron is building a $24 billion Singapore fab, an"
Lam Research reports Q2 fiscal 2026 earnings after the bell with a conference call to follow. Shares have risen 30% year-to-date and 218% over the past year amid multiple analyst target increases and favorable industry bookings. Recent results showed revenue of $5.32 billion (up 28% year-over-year), gross margins at 50.4% and operating margins at 34.4%, with eight consecutive quarters of beats. Margins expanded sharply due to product mix and manufacturing efficiency. Investors will focus on whether gross margins stay above 50% and on management guidance amid rising industry capital expenditure plans.
Read at 24/7 Wall St.
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