Lam Research Corp. (LRCX) beat earnings expectations and is expected to see double-digit sales growth in Fiscal 2026 and Fiscal 2027. The company reported a revenue jump of 27.6% to $5.32 billion, with China contributing 43% of revenue. Gross margin as a percentage of revenue rose to 50.6%.

Analysts are bullish on Lam Research, with earnings estimates revised higher for fiscal 2026 and 2027. The company’s shares have hit a new all-time high, up 109.4% year to date. While not cheap, Lam Research pays a dividend and is expected to see revenue growth in the coming years.

The AI revolution has created millionaires, but lesser-known AI firms may be more lucrative in the future. Investors are encouraged to look beyond popular AI stocks for opportunities. Lam Research Corporation (LRCX) is highlighted as a strong stock pick by Zacks Investment Research for its growth potential.

Read more at Nasdaq: Bull of the Day: Lam Research (LRCX)