Lam Research/$LRCX

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About Lam Research

Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

Ticker

$LRCX

Sector

Semiconductors
Primary listing

Employees

19,400

Lam Research Metrics

BasicAdvanced
$196B
34.38
$4.53
1.84
$0.95
0.67%

Bulls say / Bears say

Lam Research forecast second-quarter revenue of $5.20 billion (±$300 million) versus $4.81 billion consensus, driven by surging AI semiconductor tool demand and signaling robust order momentum. (Reuters)
In the quarter ended September 28, Lam posted revenue of $5.32 billion, beating the $5.23 billion consensus, and delivered adjusted profit per share of $1.26 versus $1.22 estimate, underscoring strong execution. (Reuters)
Deutsche Bank upgraded LRCX from Hold to Buy, raising its price target to $150 on expectations of sustained demand for etch and deposition equipment amid the AI-driven semiconductor upcycle. (Barron's)
U.S. Commerce Department revoked license exemptions for Samsung, SK Hynix, and Intel to use U.S. semiconductor equipment in China, which is expected to reduce Lam Research’s sales to the region as shares fell 4.4% on the announcement. (Reuters)
China’s domestic etch and deposition suppliers, including Naura and AMEC, have scaled up rapidly—raising China’s self-sufficiency in wafer fab tools to 11.3% in 2024 and boosting output in deposition and dry etch segments—intensifying competition in Lam’s core markets. (Reuters)
Lam Research faces stiff competition from major peers such as Applied Materials, ASML, and Analog Devices, which could pressure its pricing and market share in high-value etch and deposition equipment. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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