What changed
$LRCX — ADD 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $5.8B | EPS $1.47 vs $1.36 🟢 | Margin 35.0%
💡 Consensus likely underappreciates the magnitude of Japan demand recovery and the sustainability of memory capex. The EPS beat of 7.9% and backlog growth indicate that forward revenue and EPS estimates are too low.
📉 Reward/risk: 2.68:1
🏢 Business Quality: 8/10 - Leading etch and deposition equipment supplier with strong market position and recurring revenue from services, but cyclicality remains.
📊 Valuation: rich - Current PE 60.3x is well above typical semiconductor equipment peer range of 15-25x, reflecting peak cycle earnings and high growth...
🔮 Catalyst: Next quarterly earnings release or upward guidance revision
💰 Entry: $389.04, stop $370, target $440
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/LRCX0620