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Sentiment · FY2026 Q3
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Which is I think consistent with what Lam said yesterday.”
KLA notes its total 2026 WFE market forecast (mid-$130 billion range, including advanced packaging) aligns with peer Lam Research's outlook, corroborating the industry spending trajectory.
“Lam went out and talked about $100 billion of AI spend is roughly equivalent to $8 billion in WFE or additional spend”
An analyst cites peer Lam Research's framing that $100 billion of AI spend equates to roughly $8 billion of WFE; KLA's management broadly agrees while adding advanced-packaging upside.
“In September, we announced a key partnership with JSR Corporation, an innovative semiconductor materials company, to collaborate on the integration of our Ether technology with novel EUV patterning materials and metal oxide resists.”
Lam Research formed a materials-development partnership with JSR Corporation around EUV dry-resist and ALD precursors, a positive read-through for JSR's semiconductor-materials business.
“given the CapEx guide that we saw from TSMC, any view of the change in market share dynamics and how that may impact you next year? Obviously, the view is that some of the other leaders are losing out to TSMC.”
An analyst notes TSMC's capex guidance and that other foundry/logic leaders are losing share to TSMC, a positive read on TSMC's leading-edge foundry momentum, a major driver of Lam's advanced-packaging and gate-all-around tool demand.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| CJ Muse | Cantor Fitzgerald | 7 (0%) |
| Harlan Sur | JPMorgan | 7 (0%) |
| Stacy Rasgon | Bernstein |
| Tim Arcuri | UBS | 7 (0%) |
| Vivek Arya | Bank of America | 6 (33%) |
| Atif Malik | Citigroup | 6 (17%) |
| Vijay Rakesh | Mizuho Securities | 6 (0%) |
| Srini Pajjuri | Raymond James | 5 (20%) |
| Krish Sankar | TD Cowen | 5 (0%) |
| Jim Schneider | Goldman Sachs | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 7 (0%) |
| TD Cowen | 2 | 7 (0%) |
| UBS | 1 | 7 (0%) |
| Cantor Fitzgerald | 1 | 7 (0%) |
| Bernstein | 1 | 7 (43%) |
| Citigroup | 1 | 6 (17%) |
| Bank of America | 1 | 6 (33%) |
| Mizuho Securities | 1 | 6 (0%) |
Revenue reached a record $5.34 billion marking the tenth consecutive quarter of growth, with gross margin of 49.7% exceeding the high end of guidance on favorable customer mix. WFE forecast was raised to $135 billion for 2026, constrained by clean room space, while advanced packaging was expected to grow over 40%. CSBG hit record revenue of $2 billion as the installed base topped 100,000 chambers.
Demand | Revenue Growth | Capex Investment | Regulation Policy | Competitive Dynamics | Supply Chain | Innovation & R&D | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 6 | 7 | 2 | 3 | 2 | 3 | 2 | |
| 2025Q3 | 4 | 5 | 3 | 2 | 1 | 3 | 1 | |
| 2025Q4 | 3 | 7 | 1 | 5 | 3 | 1 | 2 | |
| 2026Q1 | 6 | 3 | 6 | 2 | 1 | 2 | 1 | |
| 2026Q2 | 6 | 2 | 3 | 2 | 4 | 5 | 1 | 2 |
| 2026Q3 | 14 | 5 | 8 | 2 | 2 | 4 | 3 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 4 | 3 | 6 | 6 | 14 |
| Revenue Growth | 7 | 5 | 7 | 3 | 2 | 5 |
| Capex Investment | 2 | 3 | 1 | 6 | 3 | 8 |
| Regulation Policy | 3 | 2 | 5 | 2 | 2 | |
| Competitive Dynamics | 2 | 1 | 3 | 1 | 4 | 2 |
| Supply Chain | 3 | 2 | 5 | 2 | ||
| Innovation & R&D | 3 | 1 | 1 | 1 | 4 | |
| Margin | 2 | 1 | 2 | 2 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LRCX Lam Research | 9 | +23.8% | |
| ADI Analog Devices | 9 | +37.3% | |
| ALAB Astera Labs, Inc. Common Stock | 9 | +93.4% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 10 | +47.9% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +345.7% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |