Lam Research is poised to report a mid‐teens percentage increase in Systems revenues for the second quarter, driven by surging AI‐related foundry demand. Advanced etch tools designed for high‐density logic nodes and next‐generation deposition systems for 3D NAND production have seen order volumes grow by more than 40% year‐over‐year. The company’s equipment backlog for AI‐optimized chips has expanded to a record $7.8 billion, representing roughly 35% of total backlog, up from 25% in the prior year. Senior management noted that three of the top five global semiconductor foundries have expanded pilot orders for Lam Research’s latest plasma etch modules, signaling a broadening adoption of its platform in high-volume manufacturing environments.

During the third quarter, CIBC Asset Management reduced its position in Lam Research by 0.7%, selling 2,800 shares to hold 394,526 shares valued at approximately $52.8 million. Meanwhile, Capital Investment Counsel established a new stake of around 15,000 shares at an aggregate cost of $2.24 million, and TFR Capital increased its position by 286.4%, adding 5,980 shares to reach 8,068 shares. Sagespring Wealth Partners grew its holdings by 2.9%, acquiring 365 additional shares, and Stoneridge Investment Partners initiated a position of roughly 3,500 shares. Insider transactions included a director’s sale of 1,298 shares for a total disposal value of about $207,667, reducing her ownership by 44%, and an executive sale of 9,010 shares, trimming personal holdings by nearly 14%. Institutional investors now hold 84.6% of the company’s shares, underscoring continued confidence from large asset managers despite recent portfolio reallocations.