Lam Research Corporation

Lam Research Corporation

221.43
USD
-9.29
(-4.03%)
6.72EPS
48.66P/E
411.11BMarket Cap
Jan 27Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2.8
3.29
3.7
4.94
6.85
6.33
6.94
10.18
12.31
12.87
11.34
14.33
18.51
20.87
Basic EPS, GAAP
0.38
0.41
0.58
1.05
1.47
1.44
1.55
2.72
3.29
3.33
2.91
4.17
5.79
6.75
Free Cash Flow per Basic Share
0.44
0.49
0.85
1.25
1.64
2.08
1.47
2.5
2.22
3.82
3.54
4.8
4.67
6.05
Dividend per Share
- -
0.07
0.12
0.15
0.19
0.44
0.45
0.51
0.58
0.67
0.78
0.89
1.01
1.04
Book Value per Share
3.21
3.37
3.81
4.32
4.19
3.27
3.57
4.23
4.58
6.16
6.55
7.77
9.97
11.11
Tangible Book Value per Share
1.76
2.04
2.59
3.21
3.04
2.09
2.43
3.09
3.4
4.82
5.2
6.35
8.45
9.59
Basic Weighted Avg Shares
1,647
1,596
1,589
1,622
1,616
1,525
1,448
1,436
1,399
1,355
1,314
1,286
1,255
1,252
Sales/Revenue/Turnover
4,607
5,259
5,886
8,014
11,077
9,654
10,045
14,626
17,227
17,429
14,905
18,436
23,233
26,128
Operating Margin (%)
14.71
16.49
18.25
23.74
29.01
25.53
26.62
30.64
31.24
29.93
28.73
32.01
35.29
36.95
Depreciation Expense
292
278
291
307
326
309
269
307
334
342
360
386
442
462
Net Income, GAAP
632
656
914
1,698
2,381
2,191
2,252
3,908
4,605
4,511
3,828
5,358
7,265
8,450
Effective Tax Rate (%)
12.59
11.51
4.8
6.29
24.47
10.43
12.55
10.58
11.32
11.71
12.21
10.07
12.07
13.03
Profit Margin (%)
13.72
12.47
15.53
21.19
21.49
22.7
22.42
26.72
26.73
25.88
25.68
29.06
31.27
32.34
Working Capital
3,202
3,639
6,795
6,192
6,000
6,189
7,691
8,125
7,720
9,043
8,545
7,949
9,673
10,812
LT Debt
817
1,001
3,378
1,785
1,807
3,823
4,971
4,984
4,998
5,003
4,479
3,730
3,730
3,732
Total Equity
5,213
5,345
6,102
6,987
6,580
4,723
5,183
6,027
6,278
8,210
8,539
9,862
12,471
13,908
Return on Invested Capital (%)
9.36
9.69
11.2
17.57
25.62
23.95
22.85
35.52
41.3
35.95
27.34
37.13
46.01
50.03
Return on Capital (%)
10.95
10.11
11.5
17.98
26.28
25.22
23.82
37.2
42.76
38.16
29.84
39.6
48.46
53.1
Return on Common Equity (%)
12.79
12.42
15.97
25.94
35.09
38.77
45.46
69.73
74.85
62.27
45.71
58.24
65.07
70.12

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'27
ST Debt
4
4
3
LT Borrowings
3,730
3,722
3,732
LT Finance Leases
- -
9
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,251
1,251
1,251
Market Capitalization
267,190
542,216
411,105

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'27
Total Current Assets
13,297
15,611
18,124
Cash, Cash Equivalents & STI
4,751
5,579
7,437
Accounts Receivable, Net
4,133
5,340
5,658
Inventories
4,000
4,276
4,551
Total Current Liabilities
5,242
5,937
7,312
Payables & Accruals
1,586
1,891
2,805
ST Debt
4
4
3
Deferred Revenue
2,091
2,279
2,429

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.74%
16.18%
26.46%
Free Cash Flow
20.73%
14.18%
-5.11%
Net Income, GAAP
27.05%
15.24%
35.59%
Sales/Revenue/Turnover
16.54%
10.83%
26.02%
Total Cash Common Dividend
24.13%
11.82%
10.53%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,168
4,376
4,720
5,171
18,436
2026
5,324
5,345
5,841
6,722
23,233
2027
8,219
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.86
0.93
1.04
1.35
4.17
2026
1.24
1.27
1.46
1.82
5.79
2027
2.2
- -
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.2
0.23
0.23
0.23
0.89
2026
0.23
0.26
0.26
0.26
1.01
2027
0.26
- -
- -
- -
- -

Company Description

CEO
Timothy M. Archer
Full Time Employees
23,300
Sector
Producer manufacturing
Industry
Industrial machinery
Address
4650 Cushing Parkway Fremont CA United States 94538
IPO Date
May 11, 1984
Business
Lam Research Corporation (Nasdaq: LRCX) designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company supplies wafer fabrication equipment and related services primarily for front-end wafer processing steps that create active components such as transistors and capacitors, along with interconnects; its core product portfolio encompasses market-leading solutions for thin film deposition, including atomic layer deposition; plasma etch, featuring platforms like Sense.i and Transformer Coupled Plasma technology; photoresist strip; and wafer cleaning processes, which support advanced memory, packaging structures, microelectromechanical systems (MEMS), light-emitting diodes (LEDs), sensors, transducers, analog and mixed signal devices, discretes, power devices, optoelectronics and photonics. Lam Research also offers high-precision mass metrology systems for advanced process monitoring and control, as well as ValuePoint Optimized Productivity Services to optimize customer equipment sets throughout product cycles; these technologies enable chipmakers to produce smaller, higher-performance devices for artificial intelligence, high-performance computing and other applications. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company operates globally with offices, manufacturing facilities and customer support across North America, Asia, Europe and other regions, serving leading semiconductor manufacturers including logic, memory producers and foundries. In September 2025, Lam Research entered into a non-exclusive cross-licensing and collaboration agreement with JSR Corporation and its subsidiary Inpria Corporation to accelerate next-generation patterning technologies, including dry resist for extreme ultraviolet (EUV) lithography via its Aether platform, metal oxide resists, high NA EUV patterning for advanced nodes, and new materials for atomic layer etching and deposition; this partnership builds on prior acquisitions like Novellus Systems in 2012 to expand etch, deposition and advanced packaging capabilities. In November 2025, the company deepened its investment in the Silicon Forest region to bolster semiconductor industry leadership amid the AI era, reflecting ongoing strategic expansions in operations and technology innovation.

Company News

  • Semiconductor Sell-Off: The Best Chip Stocks to Buy Right Now Before They Skyrocket Once Again

  • 489,561 Shares in Lam Research Corporation $LRCX Purchased by Associated Banc Corp

  • Lam Research Sees Strong 2027 Growth as Shareholders Back Board, Pay Plan

  • Jim Cramer Likes This Industrial Stock: ‘It's Come Down A Great Deal'

  • Lam Research Corporation $LRCX Stock Holdings Decreased by Hennessy Advisors Inc.

  • Struggling Lam Research Stock Could Face More Losses

  • Jim Cramer Likes Lam Research but Says Buy Just 25% of Your Position

  • Lam Research Corporation $LRCX Stock Sold by Fusion Capital LLC

  • Brian Low Financial Group LLC Acquires New Holdings in Lam Research Corporation $LRCX

  • Is Lam Research (LRCX) a Buy as Wall Street Analysts Look Optimistic?

  • Lam Research Corporation (LRCX) is Attracting Investor Attention: Here is What You Should Know

  • Lam Research Sees Record Foundry Sales: Can the Momentum Continue?

  • Chip Equipment Stocks Rally as SK Hynix Signals Memory Shortage Into 2030: Lam Research Jumps 5%, Applied Materials Climbs 4%, KLA Gains 3%

  • Parnassus Mid Cap Fund Q3 2026 Portfolio Review

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  • Tech Sell-Off: This All-Star Artificial Intelligence Stock Is Down 50% but Up 127,300% Since Its IPO. Here's Why It's a Screaming Buy Heading Into the Midterms.

  • Why Lam Research (LRCX) is a Top Growth Stock for the Long-Term

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