Lam Research Corporation (LRCX) Reports Fourth-Quarter 2025 Results; Mizuho Raises PT to $120

Lam Research Corporation (NASDAQ:LRCX) is included in our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

On July 30, 2025, Lam Research Corporation (NASDAQ:LRCX) reported its Q4 results. The company posted $5.17 billion in revenue and $1.33 non-GAAP EPS, both up sequentially. The company’s EPS beat estimates by 10.35%. Meanwhile, the company reported 50.3% gross margins, with an increase in cash reserves to $6.4 billion. Furthermore, LRCX is reporting continued demand as its deferred revenue also climbed.

The following day, Mizuho raised its price target from $115 to $120, citing the company’s better-than-expected Q4 results. Furthermore, the analyst attributed the price revision to management’s strong revenue guidance of $5.2 billion for the September quarter.

Lam Research Corporation (NASDAQ:LRCX) also raised its 2025 wafer fabrication equipment forecast to $105 billion, thanks to improved China demand. Although the company expects potential softness in the December quarter, analysts remain confident about a strong future outlook for AI and memory markets.

Lam Research Corporation (NASDAQ:LRCX) makes advanced wafer equipment, enabling the production of smaller, more powerful, and more energy-efficient chips. It is included in our list of the unstoppable stocks.

While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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