Visible growth drivers ahead, with double-digit semiconductor revenue growth expected and a potential step-up in orders from the second customer.
Semiconductor equipment makers riding on the structural semiconductor upcycle driven by sustained AI demand.
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Lam’s outlook is similarly underpinned by AI-driven demand, with management highlighting that more complex three-dimensional device structures and packaging are increasing etch and deposition intensity, while its growing services, spares and upgrades business provides an additional earnings lever alongside system demand. Consensus is expecting a 25% and 30% growth in revenue for FY26F and FY27F, respectively and earnings to grow by 33%-36%.
Order momentum set to accelerate against a supportive industry backdrop.
Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research. Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
