LRCX
Lam Research Corporation
September 14, 2026 · pre-market open
- Rarity
- 1.02
- Peak move
- −8.29%
- Float cap
- $371.9B
Lam Research Corporation supplies wafer fabrication equipment and services to the semiconductor industry. It provides deposition, etch, clean, and advanced packaging technologies, plus customer support, spares, upgrades, and refurbished tools. Its customers include leading memory, foundry, and integrated device manufacturers that produce NVM, DRAM, and logic devices.
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What we found
12 events · 0 from SEC or newswire · 1 timed with the move- Timed with the move
peer_disclosureChina's Jiangsu Pacific Quartz said its domestically produced high-purity quartz components passed qualification at a leading Chinese DRAM maker for 300mm wafer production.
executive_remarkAnthropic CEO Dario Amodei called for slowing the pace of frontier AI model development, with OpenAI's Sam Altman and xAI's head publicly agreeing, weighing on semiconductor equipment order-book sentiment.
- Key event
peer_disclosureApplied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year and above estimates, and guided its fourth quarter above expectations, with read-through to semiconductor equipment peers including Lam Research.
insider_saleLam Research Director Bethany Mayer sold 9,557 shares at an average price of $314.74 for about $3.01 million on September 9, 2026, cutting her direct stake by 31.28%.
analyst_ratingOn September 9, 2026, Berenberg Bank set a $420 price target on Lam Research, Morgan Stanley cut its target to $367 from $404 with an overweight rating, and Wells Fargo restated overweight with a $350 target cut from $450.
dividend_changeLam Research declared a quarterly dividend of $0.33 per share, up from its prior $0.26 payout, payable October 14 to shareholders of record September 23, for an annualized $1.32.
analyst_ratingJPMorgan raised its 2026-2028 wafer-fabrication equipment market growth forecasts to 31% in 2026, 38% in 2027 and 17% in 2028, citing stronger-than-expected DRAM and TSMC capex, with top regional picks KLAC, ASML and Tokyo Electron.
demand_signalChina's CXMT started equipment tendering for a new Shanghai wafer fab due online in Q4 2026 with 100,000 wafers per month, part of a long-term plan to expand total capacity to 600,000 wafers per month.
- Key event
guidance_changeLam Research CFO Doug Bettinger raised the company's 2026 wafer-fabrication-equipment market forecast to roughly $150 billion from a prior $135-140 billion range at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences, citing AI demand and 8-10 new tier-one fabs coming online through end-2027.
executive_remarkLam Research executives said semiconductor equipment demand is sold out, with Tier-1 customers expected to bring 8-10 new cleanrooms online by end-2027, and its Customer Support Business Group posted a third straight quarterly revenue record near $2.5 billion with gross margin at 52%.
- Key event
executive_remarkLam Research CFO Doug Bettinger said at Goldman Sachs's Communacopia & Technology conference on September 10, 2026 that the semiconductor equipment industry is 'fundamentally sold out' and 'fundamentally under-supplying demand', with clean-room availability rather than customer appetite the binding constraint.
commodity_eventDRAM prices continued rising as Samsung Electronics suspended October DDR5 DRAM contract quotes, with SK Hynix and Micron following, creating a supply gap and pushing possible resumption of quoting to mid-November.