FINWIRES · TerminalLIVE
FINWIRES

Lam Research Reports 'Record' Q3, Issues 'Strong' Outlook on AI-Driven Demand, Oppenheimer Says

By

Lam Research (LRCX) reported a record fiscal Q3 as the company benefits from artificial intelligence-driven demand for semiconductor equipment and memory, Oppenheimer said.

The brokerage said in a Wednesday note that the company issued a "muscular" Q4 outlook above consensus estimates, highlighting an "ideal setup for outperformance."

Lam Research also raised its 2026 wafer fab equipment forecast to $140 billion and described demand across DRAM, NAND, foundry and packaging as stronger than 90 days ago, the note added.

The firm added that visibility is extending into 2028 and the $40 billion NAND upgrade cycle is pulling forward, with the bulk of spending now expected by the end of 2027.

Oppenheimer maintained its outperform rating on Lam Research and raised its price target to $330 from $265.

Price: $263.05, Change: $-2.51, Percent Change: -0.94%

Related Articles

Wire

New Hope Completes AU$300 Million Convertible Notes Offering

New Hope (ASX:NHC) completed a AU$300 million issuance of 2.625% senior unsecured convertible notes due 2032 and the concurrent repurchase of AU$293.3 million of its existing 2029 convertible notes, according to a Thursday filing with the Australian bourse.The new notes are expected to be listed on the Singapore Exchange Securities Trading on or around Thursday, per the filing.The repurchased 2029 notes, which account for around 98% of the outstanding notes, will be cancelled under their terms, the filing said. The company also plans to redeem the remaining AU$6.7 million of notes at par plus accrued interest prior to maturity.

ASX:NHC
Wire

Telix Pharmaceuticals Settles Issue of $600 Million Convertible Notes

Telix Pharmaceuticals (ASX:TLX) said it settled the issue of $600 million in 1.50% convertible notes due 2031, according to a Thursday Australian bourse filing.The convertible notes are expected to be listed on the Official List of the Singapore Exchange Securities Trading on Thursday.In the same filing, the company said that the repurchase of around AU$637 million in principal of the AU$650 million worth of 2.375% convertible bonds due 2029 is "substantially complete."After the repurchase, given that less than 15% in aggregate principal amount of the existing bonds will remain outstanding, Telix said it plans to exercise its right to repurchase and cancel all of the remaining existing bonds at their principal amount.

ASX:TLX
Wire

Century Communities Q1 Adjusted Earnings, Revenue Fall

Century Communities (CCS) reported Q1 adjusted earnings late Wednesday of $0.88 per diluted share, down from $1.39 a year earlier.Three analysts polled by FactSet expected $0.59.Revenue for the three months ended March 31 fell to $789.7 million from $903.2 million a year earlier.Four analysts surveyed by FactSet expected $807.7 million.

$CCS