Lam Research Corp

LRCX: XNAS (USA)

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Lam Research Earnings: The AI Cycle Looks Magnificent, but We Remain Skeptical of Sky-High Prices

William Kerwin

Jan 29, 2026

Lam Research reported strong December-quarter results and guided for impressive growth in calendar 2026. Lam expects 2026 wafer fabrication equipment spending to increase by more than 20%, reaching $135 billion from $110 billion in 2025.

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Lam Research Corp

Lam Research Earnings: The AI Cycle Looks Magnificent, but We Remain Skeptical of Sky-High Prices

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