Lam Research shares rise ahead of earnings as Deutsche Bank expects a strong quarter
Lam Research shares gain about 4% ahead of its first-quarter report, as Deutsche Bank reiterates Buy and lifts its price target to $375.
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what happened
According to Seeking Alpha, Lam Research shares rose about 4% in early trading on Monday. The wafer fabrication equipment supplier is set to publish first-quarter fiscal 2027 results on Wednesday.
Deutsche Bank reiterated its Buy rating and raised its price target to $375 from $320. Analyst Melissa Weathers said strong wafer equipment expectations are already largely priced in, so investors will focus on gross margins and share gains in new nodes. She expects Lam to report earnings of $2.28 per share on revenue of $8.13 billion, compared with $1.26 per share and $5.32 billion a year earlier.
why it matters
Lam's report is a read on demand for expanding chip manufacturing capacity, so it matters beyond the company's own shareholders and to the wider semiconductor equipment sector. The analyst sees a favorable fundamental backdrop, but high expectations mean the market reaction may hinge on details such as margins and pricing.
market impact
Semiconductor equipment: Lam's results set a read on fab expansion demand and affect the whole sector.
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sources
- Lam Research edges up ahead of earnings as Deutsche expects strong results — Seeking Alpha, 19 October 2026 at 13:32 UTC
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