Aug. 24 at 10:20 PM
Goldman Sachs significantly raised its forecasts for wafer fabrication equipment (WFE) spending through 2028, citing stronger semiconductor capital expenditure trends during the Q2 earnings season.
The bank now expects WFE spending to reach
$150 billion in 2026,
$218 billion in 2027 and
$281 billion in 2028, representing year-over-year growth of 36%, 45% and 29%, respectively. The upgrades reflect higher capex expectations and more optimistic outlooks from semiconductor equipment suppliers.
Goldman identifies DRAM and leading-edge foundry as the main near-term drivers, with NAND and logic expected to contribute over the medium term. The firm remains bullish on semiconductor capital-equipment stocks and names Applied Materials as its top pick among global equipment makers.
$AMAT