Archer described the “AI transformation” as pushing industry spending higher, estimating wafer fab equipment (WFE) spending was close to $110 billion in 2025, with an initial view for 2026 WFE at around $135 billion . Both Archer and Bettinger repeatedly emphasized that growth is being constrained by shortages of available clean room space, and they expect WFE and Lam’s business to be “weighted to the second half” of 2026.For the December quarter, Bettinger said revenue reached a quarterly record of $5.34 b ...