Lam Research Corp (LRCX)

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.

Symbol
LRCX
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductor Equipment & Materials
Market cap
$434.81B
52 week range
131.02 - 438.5

Valuation

Share price
$347.49 (close of 2026-10-02)
P/E (TTM)
60.02x
Price to book
34.87x
Price to free cash flow
88.89x
Enterprise value
$432.96B
Book value per share
$9.97

Price performance

PeriodChange
1 day+2.17%
5 days+10.24%
1 month+20.52%
3 months-1.12%
6 months+59.08%
Year to date+103.00%
1 year+136.40%
3 years+450.78%
5 years+509.95%
10 years+3569.38%

Members of Congress who disclosed LRCX trades

David Taylor · Jefferson Shreve · Markwayne Mullin · John Boozman · Sheldon Whitehouse · Val Hoyle · Byron Donalds · Jonathan Jackson · Robert Bresnahan · Alan Armstrong · Cleo Fields · Gilbert Ray Cisneros

And 3 others

Super investors holding LRCX

Philippe Laffont (Coatue Management) · Chase Coleman (Tiger Global Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Polen Capital Mgmt (Polen Capital Management LLC) · David Tepper (Appaloosa Mgmt) · Stanley Druckenmiller (Duquesne Family Office) · Lee Ainslie (Maverick Capital LTD) · Christopher Davis (Davis Selected Advisers) · Sarah Ketterer (Causeway Capital Management LLC) · Mairs & Power (Mairs & Power Inc)

Profitability and growth

Return on equity
58.26%
Return on invested capital
67.78%
Return on assets
30.88%
Return on capital employed
46.61%
Gross margin
50.47%
Net margin
31.27%
EBITDA margin
37.19%
Revenue growth
26.02%
Net income growth
35.59%
Free cash flow growth
-9.66%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.12%
Current ratio
2.63x
Net debt to EBITDA
-0.21x

Latest reported year

Period end
2026-06-28
Fiscal year
2026
Revenue
$23.23B
Cost of revenue
$11.51B
Gross profit
$11.73B
EBITDA
$8.64B
Net income
$7.27B
Earnings per share
$5.79
Research and development
$2.38B
Shares outstanding
1.26B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-06-28$23.23B$11.73B$7.27B$5.79
2025-06-29$18.44B$8.98B$5.36B$4.17
2024-06-30$14.91B$7.05B$3.83B$2.91
2023-06-25$17.43B$7.78B$4.51B$3.33
2022-06-26$17.23B$7.87B$4.61B$3.29
2021-06-27$14.63B$6.81B$3.91B$2.72
2020-06-28$10.04B$4.61B$2.25B$1.55
2019-06-30$9.65B$4.36B$2.19B$1.44
2018-06-24$11.08B$5.17B$2.38B$1.47
2017-06-25$8.01B$3.60B$1.70B$1.05

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-06-2850.47%31.27%58.26%67.78%
2025-06-2948.71%29.06%54.33%66.63%
2024-06-3047.32%25.68%44.82%48.62%
2023-06-2544.62%25.88%54.94%58.04%
2022-06-2645.69%26.73%73.35%60.07%
2021-06-2746.53%26.72%64.85%59.34%
2020-06-2845.88%22.42%43.53%37.64%
2019-06-3045.15%22.70%46.89%40.54%
2018-06-2446.63%21.49%36.62%56.02%
2017-06-2544.97%21.19%24.90%25.09%

Cash and debt by year

Period endCashDebt
2026-06-28$5.58B$3.72B
2025-06-29$6.39B$3.72B
2024-06-30$5.85B$4.47B
2023-06-25$5.34B$4.96B
2022-06-26$3.52B$4.96B
2021-06-27$4.42B$4.96B
2020-06-28$4.92B$4.96B
2019-06-30$3.66B$3.77B
2018-06-25$4.51B$1.76B
2018-06-24$4.51B$1.76B

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-06-28$4.89B$386.38M
2025-06-29$5.41B$343.37M
2024-06-30$4.26B$293.06M
2023-06-25$4.68B$286.60M
2022-06-26$2.55B$259.06M
2021-06-27$3.24B$220.16M
2020-06-28$1.92B$189.20M
2019-06-30$2.87B$187.23M
2018-06-24$2.38B$172.22M
2017-06-25$1.87B$149.97M

Dividend history

Most recent payment
2026-09-23
Paid in the last twelve months
$1.11
Payment dateDividend per share
2026-09-23$0.33
2026-06-17$0.26
2026-03-04$0.26
2025-12-03$0.26
2025-09-24$0.26
2025-06-18$0.23
2025-03-05$0.23
2024-12-11$0.23

Investor relations

Next earnings report

Next confirmed report
2026-10-21
Consensus EPS estimate
$2.17

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun/2026$1.69
2026-04-22Mar/2026$1.36
2026-01-28Dec/2025$1.17
2025-10-22Sep/2025$1.21
2025-07-30Jun/2025$1.20
2025-04-23Mar/2025$1.00
2025-01-29Dec/2024$0.87
2024-10-23Sep/2024$0.80

Filings and sources

Company website
lamresearch.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Applied Materials Inc (AMAT) · KLA Corp (KLAC) · Teradyne, Inc (TER) · Qnity Electronics, Inc. (Q) · Trimble Inc. (TRMB) · Fortive Corp (FTV) · Teledyne Technologies Inc (TDY) · Coherent Corp. (COHR)

All Technology companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades