How did LRCX's Q3 2025 forecast compare to past quarters?

**Lam Research's Q3 2025 forecast reflects a company that is poised for growth**, considering the following points:

1. **Memory Market Rebound**: Analysts expect a profit of $7.30 per share, an increase of 4.4% year-over-year, on revenue of $3.73 billion, despite a slight year-over-year decrease of 3.6%. This indicates a positive outlook for the company, which is expected to benefit from the rebound in the memory market.
2. **Historical Performance**: Lam Research has a track record of exceeding earnings and revenue estimates, with 88% of EPS and revenue beats in the last two years. This historical performance suggests that the company is likely to meet or exceed expectations in Q3 2025.
3. **Industry Trends**: The semiconductor industry is experiencing a recovery driven by AI demand and technological upgrades, which is favorable for Lam Research's business. These trends are expected to continue, supporting growth in the NAND WFE sector, which is a key area of focus for the company.
4. **Regional Insights**: While there is a potential impact from China's revenue contribution decline and export restrictions, Lam Research's strategic pivots and growth in other regions suggest resilience. The company's focus on AI-driven demand and advanced packaging technologies is expected to mitigate risks from geopolitical headwinds.

In conclusion, Lam Research's Q3 2025 forecast is optimistic, considering the company's historical performance, industry trends, and strategic positioning. The expected rebound in the memory market and the growth drivers in AI and advanced packaging technologies are key factors that support this positive outlook.