Investing.com -- Lam Research beat Wall Street estimates for second-quarter profit and revenue on strong demand for chipmaking equipment tied to artificial intelligence, and forecast third-quarter results above expectations. The California-based semiconductor equipment maker reported adjusted earnings of $1.27 per share, topping analysts’ average estimate of $1.16. It forecast third-quarter 2026 earnings in the range of $1.25 to $1.45 per share, above the consensus estimate of $1.20. Demand for chipmaking tools remains elevated as chipmakers ramp up spending to support AI-related workloads. Though Lam faces intense competition in the global semiconductor equipment market from peers such as Applied Materials, Analog Devices and Europe’s ASMLRelated articlesLam Research’s Q2, outlook beat helped by high chipmaking equipment demandThese 2 stocks are best positioned to benefit from higher uranium prices: analystGoldman expects lower but still attractive stock market returns in 2026