Lam Research Corporation (LRCX) Presents at Citi's 2026 Global TMT Conference Transcript

SA Transcripts 162.13K Followers Follow Lam Research Corporation ( LRCX ) Citi's 2026 Global TMT Conference September 9, 2026 10:10 AM EDT Company Participants Douglas Bettinger - Executive VP & CFO Ram Ganesh - Vice President of Investor Relations Conference Call Participants Atif Malik - Citigroup Inc., Research Division Presentation Atif Malik Citigroup Inc., Research Division Welcome to day 2 of Citi Global TMT Conference. My name is Atif Malik. I cover U.S. semiconductors and semiconductor equipment stocks. It's my pleasure to welcome Doug Bettinger, EVP, Chief Financial Officer; Ram Ganesh, VP of Investor Relations at Lam Research. I'll kick off with my fireside questions first, and then we'll have an opportunity to the audience to ask their questions. If you have a question, please raise your hand and the mic will come to you. Doug is going to open with some... Douglas Bettinger Executive VP & CFO Yes. Let me -- I technically need to kick all of these things off with a reminder that the safe harbor language that is on our Investor Relations website is relevant to anything that I may say today. I may make forward-looking statements, but I'll be quite clear. I'm not going to tell you anything new today. It will be consistent with everything you've heard from the company before. So if you have an expectation, something news coming out, it's probably not. But please have a look at our safe harbor nonetheless. So my lawyers will be happy, Atif -- to get going. Question-and-Answer Session Atif Malik Citigroup Inc., Research Division All right. Let's get started. Doug, let's talk about the wafer fab equipment outlook and next year's visibility with calendar '26 WFE expectations recently raised to the low $150 billion range on accelerating AI demand. Where is the upside coming from this year? And also, I forgot the objective you guys have used in terms of super