Lam Research Corp (LRCX) — closed signal from March 15, 2026
Target reached Published before the outcome was known, scored automatically when the window closed on June 13, 2026.
Predicted vs. what happened
What happened
Reached its target in 5 days.
The thesis — published March 15, 2026
Lam Research has positive company updates about growth with foundry and logic customers and continued research spending, but few analysts are backing it and the semiconductor equipment market swings a lot. The stock still needs clearer stabilization on the chart. It could work if the market calms, but right now the potential reward does not clearly beat the risk.
Primary drivers
- Exposure to foundry and logic customers supports future sales
- Ongoing research spending helps keep products competitive
- Semiconductor equipment demand swings more here than for some peers
- Price chart is still repairing and not as strong as top choices
How it played out
LRCX: target reached in 5 days
Lyra published LRCX at $212.20 on 2026-03-15 with an 11% expected gain and a $235.54 target. The thesis pointed to foundry and logic exposure, continued research spending, demand swings in semiconductor equipment, and a chart that was still repairing rather than leading.
Inside the window, the stock reached the target in 5 days. It later peaked at $373.82 on 2026-06-12, a 76.2% gain from publication. It ended the window at $366.81. The thesis played out, and the move went well beyond the published target.
What happened during the window
On 2026-04-22, Lam Research reported fiscal third-quarter adjusted earnings of $1.47 a share on sales of $5.84 billion for the quarter ended March 29. It also guided the quarter ending June 28 to adjusted earnings of $1.65 a share on sales of $6.6 billion.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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