Stocks · Theme
Semiconductor foundry & equipment stocks · 29 research notes
29 Semi foundry & equipment stocks with a dated research note: thesis, kill line and next catalyst.
Earlier themeNot among the research's active themes (last active 16 October 2026). Each stock's note below is dated on its own.
All 29 have a dated research note with a published kill line: the note's own test, stated in advance, of what would prove it wrong: a price level, a business fact, or both.
All stocksTSMTaiwan Semiconductor ManufacturingMedium Taiwan Semiconductor Manufacturing's record October sales of NT$586.89 billion put fourth-quarter revenue on pace for the top of guidance, giving the shares a modest edge over the S&P 500. Nvidia's 17 November 2026 report and TSMC's…AMATApplied MaterialsLow Applied Materials looks more likely to lag the S&P 500 over the next three months: a 12 November 2026 outlook for more than 30% equipment-industry growth in 2027 did not stop a fall, as 11 brokers cut targets on sector valuations. Nvidia's…ASMLASML HoldingLow ASML Holding's shares look more likely to lag the S&P 500 than lead it while chip stocks reprice 2027 US data-centre spending risk, despite supply that trails demand through 2028. Nvidia's 17 November 2026 report and ASML's late-January…INTCIntelLow Intel's shares look more likely to lag the S&P 500 than lead it over the next three months, because the PC slump, Israel fab costs and cash burn are unresolved and Bank of America cut its target to $80 on 12 November 2026. Nvidia's 17…LRCXLam ResearchLow Lam Research shares look more likely to lag the S&P 500 over the next three months because a buyback-led rebound still runs ahead of unresolved 2027 chip-equipment demand. Applied Materials' 12 November 2026 beat gave no 2027 figure; Lam's…ATEYYAdvantestHigh Advantest Corporation's AI chip-testing demand rests on customer volumes, and they are still rising: TSMC's October revenue, reported on 10 November 2026, rose 59.7% from a year earlier. A fear-led Tokyo selloff on 5 November 2026 and 6…ACLSAxcelis TechnologiesMedium Axcelis Technologies guided fourth-quarter 2026 revenue to about $275 million, far above the $238.8 million analyst estimate, which makes the shares modestly more likely than not to beat the S&P 500 over three months; gross margin and…AEISAdvanced Energy IndustriesMedium Advanced Energy Industries is modestly more likely to beat the S&P 500 over three months: third-quarter revenue of $696.4 million beat its guide and fourth-quarter guidance is $735 million, yet the shares sit 42.4% below their 52-week…ENTGEntegrisMedium Entegris has modestly better than even odds of beating the S&P 500: third-quarter sales and fourth-quarter guidance beat consensus, and its 9 November 2026 Investor Day set 35% operating-margin targets. The fourth-quarter report, expected…GFSGlobalFoundriesMedium GlobalFoundries, a contract chipmaker, delivered the AI growth it guided in its 4 November 2026 third-quarter report, yet the shares fell to $40.62 on a roughly $4 billion 2027 spending plan and more dilution. Fourth-quarter revenue…KLACKLAMedium KLA Corporation's shares are modestly more likely to beat the S&P 500 over three months, as its raised outlook and Applied Materials' 12 November 2026 beat show chip-tool demand holding. KLA's December-quarter report, expected around 28…MKSIMKSMedium MKS Inc. is modestly more likely than not to beat the S&P 500 over three months: third-quarter revenue of $1.413 billion rose 43.0% from a year earlier and the fourth-quarter guide is $1.490 billion. The fourth-quarter report, expected…ONTOOnto InnovationMedium Onto Innovation's shares are modestly more likely to beat the S&P 500 now that third-quarter revenue of $409.7 million topped guidance and backlog passed $1.3 billion. The fourth-quarter report, measured against a $430–450 million revenue…RELLRichardson ElectronicsMedium Richardson Electronics is turning a record $184.4 million backlog into 18.9% sales growth and wider margins, and the shares recovered to $19.43 after an unexplained 15.44% drop. The fiscal Q2 report, expected around 7 January 2027, shows…ACMRACM ResearchLow ACM Research's third-quarter gross margin of 41.6% fell under its 42% floor despite revenue up 36.6% and a raised 2026 outlook, so the shares are more likely to lag the S&P 500 over three months; fourth-quarter results in 2027 settle it.AEHRAehr Test SystemsLow Aehr Test Systems reported record quarterly revenue of $33.0 million and lifted fiscal 2027 guidance to $150 million, yet the shares closed at $65.78 on 11 November 2026, under both moving averages, and are more likely to lag the S&P 500…AMKRAmkor TechnologyLow Amkor Technology is more likely to lag the S&P 500 over three months: third-quarter gross margin of 18.3% missed the guided 18.5–19.5%, and the shares trade below both major averages. The fourth-quarter report, expected around February…ASXASE Technology HoldingLow ASE Technology's October sales kept it on track for fourth-quarter guidance, but heavy capital spending and a volatile chip sector leave the shares more likely to lag the S&P 500. The November sales release around 10 December 2026 and the…ASYSAmtech SystemsLow Amtech Systems' June-quarter AI-packaging orders and margins improved, but the shares are more likely to lag the S&P 500 until the report expected around 9 December 2026 shows the $28.7 million backlog turning into revenue growth.BHEBenchmark ElectronicsLow Benchmark Electronics' shares are more likely to lag the S&P 500 over three months: they closed at $64.81 on 12 November 2026, down 20.6% in three months, despite a 28 October 2026 beat and raised outlook; the early-2027 fourth-quarter…COHULow Cohu's AI-chip test business keeps beating guidance, but its shares broke down with semiconductor-equipment stocks in November 2026 and are more likely to lag the S&P 500 over three months; the fourth-quarter report due around February…FORMFormFactorLow FormFactor's shares are more likely to lag the S&P 500: they closed at $95.78 on 11 November 2026, down 27.3% in three months despite a beat-and-raise quarter. Fourth-quarter revenue against the $275–$295 million guide, due around 4…ICHRIchor HoldingsLow Ichor Holdings' shares are more likely to lag the S&P 500 over three months: third-quarter operating cash flow was negative $28.8 million and inventory rose, even though customer Applied Materials reported record revenue on 12 November…PDFSPDF SolutionsLow PDF Solutions' third-quarter Platform revenue grew 22% and the 20% growth target stands, but backlog fell to $247.2 million, so the shares stay a modest lagging case until year-end backlog is reported.TERTeradyneLow Teradyne's shares are more likely to lag the S&P 500 over the next three months because its chip-test revenue has flattened near $1.3 billion a quarter. Nvidia's 17 November 2026 report and Teradyne's late-January results show whether 2027…TSEMTower SemiconductorLow Tower Semiconductor's shares are more likely to lag the S&P 500 over three months: they closed at $157.86 on 12 November 2026, 40.5% below three months earlier, despite record results. The fourth-quarter report, expected around February…UCTTUltra Clean HoldingsLow Ultra Clean Holdings, a gas delivery and process module supplier to chip-equipment makers, is more likely to lag the S&P 500 over three months: record sales have not become cash and equity sales continue. The fourth-quarter report,…UMCUnited MicroelectronicLow United Microelectronics is more likely to lag the S&P 500 over three months: it delivered its guided 34% third-quarter margin, but fourth-quarter margin is guided flat. November net sales, due by 10 December 2026, decide the next read.VECOVeeco InstrumentsLow Veeco Instruments' pending Axcelis merger now closes by end of Q1 2027, not 2026, and Q3 earnings missed estimates; China's SAMR ruling and the Q4 revenue guide of $230–260 million settle the case.