Lam Research expects robust growth in its Systems segment during the second quarter, driven by escalating AI-driven foundry investments. Advanced etch and deposition tools designed for high-volume logic and memory production have secured new engagements with three major Asian chipmakers, each committing to multi-year supply agreements. These wins are forecast to contribute approximately 15% year-over-year revenue growth for the Systems business, reflecting accelerating adoption of sub-5nm process nodes fueled by generative AI workloads.

During the most recent quarter, CIBC Asset Management reduced its LRCX position by 0.7%, selling 2,800 shares and holding 394,526 shares afterward, representing a $52.8 million investment. In contrast, First Citizens Bank & Trust increased its stake by 8.0%, adding 10,408 shares to reach a 140,433-share position valued at $18.8 million. Other notable moves include Capital Investment Counsel initiating a $2.24 million stake and TFR Capital boosting its holding by 286.4%. Overall, institutional ownership remains high at 84.6%, underscoring sustained confidence among large investors.

In Q3, Lam Research reported revenue of $5.32 billion, up 27.7% year-over-year, and delivered non-GAAP EPS of $1.26, exceeding consensus by $0.04. Net margin expanded to 29.7% while return on equity reached 60.6%, reflecting operational leverage from higher throughput at advanced-node process centers. Management guided full-year non-GAAP EPS to approximately $3.71, supported by ongoing order momentum for AI-optimized tools and steady aftermarket service demand.