FairValu
LAM RESEARCH CORP

LAM RESEARCH CORP

LRCXNasdaqGS

Semiconductor Equipment & Materials • Technology

Current Price
$301.900.00%
Market Cap
$377.77B
Shares Outstanding: 1.25B
Volume
-
Avg Vol (3M): -
Next Earnings
-
52 Week Range
Low: $--High: $--

Comprehensive AI Analysis

Strategic AI Analysis for LRCX

Checking whether the approved providers contain enough current financial data for a reliable report.

Summary

Source-linked company research for LRCX

Factor Scorecard

Mechanical 0-100 composites from the displayed inputs. Bands and colours are numerical aids, not security ratings or investment actions.

24/31 signals active· low confidence at 77% coverage
Overall Factor Score
7270-84 band
Growth
8470-84 band
Quality
8885-100 band
Valuation
240-39 band
Financial Health
9185-100 band

Latest results at a glance

Insights from the latest company results and reports · filed 29 Jul 2026

  • Record Quarterly Revenue and Earnings

    U.S. GAAP diluted EPS was $1.81, while non-GAAP diluted EPS was $1.82, both described as record figures for the period.

  • EPS Exceeds Consensus Estimates

    Reported EPS of $1.82 per share for the quarter ended June 2026 exceeded the same-quarter consensus estimate of $1.68 per share. This marked the fourth consecutive quarter in which reported EPS surpassed the consensus estimate.

  • Margin Expansion Observed

    Non-GAAP operating margin expanded to 38.4% in the June 2026 quarter, up 340 basis points sequentially from 35.0% in the March 2026 quarter. Non-GAAP gross margin was 52.0%, compared to 49.9% in the prior quarter.

  • Deferred Revenue Increases

    Deferred revenue increased to $2.43 billion at the end of the June 2026 quarter from $2.22 billion at the end of the March 2026 quarter. Estimated future revenue from shipments to customers in Japan was approximately $490.2 million as of June 28, 2026.

  • Capital Investment Milestone

    Lam Research broke ground on a new laboratory in Oregon, which is part of a planned investment of more than $3 billion in its global lab network over the next five years.

AI-generated · updated 28 Aug 2026View source filing

Price Chart

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Overview

Quarterly income statement data isn't available for this company.

No Data

No annual financial data available.

Financial Fundamentals

Growth, quality, valuation, cash generation, and balance-sheet strength.

Sector: Technology

Growth

TTM revenue plus current, long-term, forward, and accelerating top-line trends.

Revenue
-
Revenue Growth
26.0%
Strong
Revenue CAGR 3Y
-
Forward Revenue Growth
49.8%
Excellent
Revenue Acceleration
2.3%
Improving

Earnings

Trailing EPS, current EPS growth, long-term compounding, surprise, and forward expectations.

EPS (TTM)
5.81
Profitable
EPS Growth
35.6%
Excellent
EPS CAGR 3Y
-
EPS Surprise
8.1%
Beat
Forward EPS
9.46
Profitable
Fwd Revenue Growth
49.8%
Forward EPS Growth
22.2%
Strong

Profitability

TTM margin and return metrics that reflect pricing power and business quality.

Gross Margin
50.5%
High
Operating Margin
35.3%
High
Net Margin
31.3%
High
ROE
68.6%
Excellent
ROIC
123.6%
Elite

Cash Flow

TTM free cash flow, growth, margin, and operating-cash conversion quality.

Free Cash Flow
$4.89B
Positive
FCF Growth
-9.7%
Declining
FCF Margin
-
Cash Conversion
0.81x
Adequate

Valuation

Metrics ranked by issuer type, financial state, and input quality.

Cyclical businessPrimary lens

EV / EBITDA

EV/EBITDA is the primary lens because it compares operating earnings across different financing structures.

EV / EBITDAPrimary
43.17x
High
Forward P/ESupporting
31.91x
Typical
EV / FCFSupporting
76.26x
High
Price / SalesContext
16.26x
High

Financial Health

Latest-quarter liquidity and leverage checks plus TTM interest coverage.

Current Ratio
2.54x
Healthy
Quick Ratio
1.69x
Healthy
Debt / Equity
0.30x
Conservative
Interest Coverage
52.60x
Safe

Shareholder Signals

Capital returns and dilution checks sourced from statements and insider filings.

Dividend Yield
0.3%
Low/None
Payout Ratio
17.5%
Sustainable
Buyback Yield
1.0%
Positive
Net Insider Buys
-45
Selling

Peer Comparison

TickerPrice
LRCXLAM RESEARCH CORP
$301.90
Company Profile

About the Company

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 that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products. It also provides 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 through-silicon via etch applications; 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; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Next Earnings Date

Oct 21, 2026

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