Lam Research/$LRCX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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
- NASDAQ
- Employees
- 24,300
- Headquarters
- Fremont, United States
- Website
- www.lamresearch.com
Lam Research Metrics
BasicAdvanced
$278B
33.14
$6.71
1.85
$1.11
0.59%
Price and volume
Market cap
$278B
Beta
1.85
52-week high
$438.50
52-week low
$135.50
Average daily volume
12M
Dividend rate
$1.11
Financial strength
Current ratio
2.479
Quick ratio
1.791
Long term debt to equity
0.268
Total debt to equity
0.269
Dividend payout ratio (TTM)
15.43%
Interest coverage (TTM)
63.86%
Profitability
EBITDA (TTM)
10,116.395
Gross margin (TTM)
51.05%
Net profit margin (TTM)
32.34%
Operating margin (TTM)
36.95%
Effective tax rate (TTM)
13.03%
Revenue per employee (TTM)
$1,080,000
Management effectiveness
Return on assets (TTM)
25.01%
Return on equity (TTM)
70.12%
Valuation
Price to earnings (TTM)
33.14
Price to revenue (TTM)
10.654
Price to book
19.97
Price to tangible book (TTM)
23.16
Price to free cash flow (TTM)
42.58
Free cash flow yield (TTM)
2.35%
Free cash flow per share (TTM)
5.223
Dividend yield (TTM)
0.50%
Forward dividend yield
0.59%
Growth
Revenue change (TTM)
33.36%
Earnings per share change (TTM)
48.10%
3-year revenue growth (CAGR)
18.16%
10-year revenue growth (CAGR)
16.01%
3-year earnings per share growth (CAGR)
31.51%
10-year earnings per share growth (CAGR)
29.56%
3-year dividend per share growth (CAGR)
15.66%
10-year dividend per share growth (CAGR)
24.91%
What the Analysts think about Lam Research
Analyst ratings (Buy, Hold, Sell) for Lam Research stock.
Analyst projections of the future price of Lam Research stock.
Bulls say / Bears say
September-quarter revenue rose 54% year on year to $8.22 billion, while operating margin reached a record 40.2%; Lam’s December-quarter revenue guidance points to further sequential growth. (Lam Research)
Lam sees wafer-fab equipment spending reaching the mid-$150 billion range in 2026 and topping $200 billion in 2027, creating a strong demand runway if AI investment and fab plans hold up. (Investing.com)
More complex 3D devices and advanced packaging are increasing demand for Lam’s deposition and etch tools. Management expects advanced-packaging growth above 70% in 2026 and says Lam is gaining share as its addressable market expands. (Investing.com, SEC)
China was 35% of September-quarter revenue, and Lam expects it to fall sharply in December. Export restrictions limit sales to some Chinese customers, making revenue vulnerable to further policy changes. (Lam Research, SEC)
Component shortages capped the December-quarter outlook, with some shipments pushed into the following quarter; clean-room and supply constraints may also limit how quickly Lam can meet demand in 2027. (Investing.com)
The shares remain exposed to a valuation reset if equipment spending slows: one recent analysis put Lam at about 45 times trailing earnings and warned that a 2027 spending slowdown could weigh on its multiple. The stock’s fall after results despite record figures shows how demanding expectations can be. (Investing.com, Morningstar)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Lam Research Financial Performance
Revenues and expenses
Lam Research Earnings Performance
Company profitability
Upcoming events
Lam Research News
AllArticlesVideos
Funds containing Lam Research
AllUSDEURGBP
Fund name | Fund size | $LRCX weighting |
|---|---|---|
iShares MSCI Global Semiconductors€SEC0 | $5.9B | 3.83% |
iShares MSCI Global Semiconductors£SEMI | $5.9B | 3.83% |
VanEck Semiconductor€VVSM | $8.1B | 3.78% |
VanEck Semiconductor$SMH | $8.6B | 3.78% |
VanEck Semiconductor£SMGB | $8.1B | 3.78% |
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.
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