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Lam Research Corporation (LRCX)

238.03 -16.36 (-6.43%)
As of 11:59:26 AM EDT. Market Open.
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Lam Research’s latest results show rapid growth from artificial intelligence-related memory, foundry, and advanced-packaging demand. The outlook also includes shipment constraints, softer China exposure, elevated valuation, and dependence on chipmakers’ capital spending. Analyst views remain divided between strong earnings revisions and a more cautious valuation assessment.

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  • Previous Close 254.39
  • Open 239.45
  • Bid 237.56 x 100
  • Ask 251.97 x 100
  • Day's Range 237.09 - 244.48
  • 52 Week Range 135.50 - 438.50
  • Volume 5,263,227
  • Avg. Volume 9,213,089
  • Market Cap (intraday) 297.877B
  • Beta (5Y Monthly) 1.85
  • PE Ratio (TTM) 35.47
  • EPS (TTM) 6.71
  • Earnings Date Oct 21, 2026
  • Forward Dividend & Yield 1.32 (0.52%)
  • 1y Target Est 364.03
  • Morningstar Rating Rating available with Stock Picks access

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system designed to enhance etch precision, selectivity, and defect control; Argos, Prevos, and Selis, which are selective etch systems used in the fabrication of advanced logic and memory devices that require precise control at nanoscale dimensions; Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for deep silicon etch; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; Sense.i platform products; and customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

www.lamresearch.com

24,300

Full Time Employees

June 28

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

LRCX
39.47%
S&P 500 (^GSPC)
11.06%

1-Year Return

LRCX
48.52%
S&P 500 (^GSPC)
11.44%

3-Year Return

LRCX
318.23%
S&P 500 (^GSPC)
82.46%

5-Year Return

LRCX
344.31%
S&P 500 (^GSPC)
65.09%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY27
Revenue 8.22B
Earnings 2.75B
Profit Margin 33.50%

Q2

FY26

Q3

FY26

Q4

FY26

Q1

FY27

0
2B
4B
6B
8B
30.0%
31.0%
32.0%
33.0%

Analyst Insights

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Analyst Price Targets

255.00
364.03 Average
238.03 Current
500.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/22/2026
Analyst UBS
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 425 -> 400

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    32.34%

  • Return on Assets (ttm)

    25.01%

  • Return on Equity (ttm)

    70.12%

  • Revenue (ttm)

    26.13B

  • Net Income Avi to Common (ttm)

    8.45B

  • Diluted EPS (ttm)

    6.71

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    7.44B

  • Total Debt/Equity (mrq)

    26.86%

  • Levered Free Cash Flow (ttm)

    4.55B

Company Insights

Research Reports

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