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LRCX Silicon, IP & Semicap Etch and deposition for memory and logic Open in compare

Lam Research

Lam is a critical supplier for etch and deposition steps used in advanced memory and logic manufacturing.

Price $269.31 Live
1D Change -0.61% 1 day
Market Cap $336.99B Live
Enterprise Value $335.54B Current
Trailing P/E 46.8 TTM
Forward P/E 23.1 Forward
PEG Ratio 1.25x Yahoo est.
Price / Sales 14.5 TTM
EV / Revenue 14.4 TTM
Revenue Growth 30.0% YoY latest qtr
Earnings Growth 34.8% YoY latest qtr
Gross Margin 50.5% TTM
Operating Margin 37.4% TTM
Net Margin 31.3% TTM
ROE 65.1% TTM
Free Cash Flow $3.09B TTM
FCF Margin 13.3% TTM
Debt / Equity 0.33x Latest qtr
Current Ratio 2.63x Latest qtr
Dividend Yield 0.39% Annualized
Next Earnings Oct 21, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $23.23B Jun 30, 2026

latest annual revenue

Revenue $6.72B Jun 30, 2026

latest quarterly revenue

Net Income $7.27B Jun 30, 2026

latest annual profit

Net Income $2.28B Jun 30, 2026

latest quarterly profit

Dividend / Share $1.04 Quarterly

annualized per share

Last Dividend $0.26 Jun 17, 2026

latest ex-dividend cash amount

Price chart

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Latest headlines

Recent company headlines. Each link opens the original article in a new tab.

Simply Wall St. Sep 17, 2026
Lam Research (LRCX) Stock Trades At A Premium On Bigger Shareholder Returns

Lam Research has delivered very strong gains over the past few years, which puts a lot of weight on one question for investors who care about valuation. Given that history, is the current share price properly grounded in the company’s earnings power today and what the market expects it to earn over time? Over the past 5 years, Lam Research has returned about 372%, which puts a spotlight on whether that kind of outcome is already fully reflected in the earnings profile investors are paying...

Zacks Sep 17, 2026
The Zacks Analyst Blog Highlights Cisco, Lam, Thermo Fisher Scientific, Ampco-Pittsburgh and Catalyst

Cisco, Lam Research and Thermo Fisher highlight AI, networking and life-science demand, while microcaps Ampco-Pittsburgh and Catalyst Bancorp offer added depth.

Zacks Sep 16, 2026
Top Stock Reports for Cisco, Lam Research & Thermo Fisher

Cisco, Lam Research and Thermo Fisher headline today's research reports, with AI demand, customer activity and growth strategies in focus.

GuruFocus.com Sep 16, 2026
Bank of America Makes Massive Call on AI Chip Market

Chip demand looks far stronger than slowdown fears imply

Trefis Sep 16, 2026
Is This Applied Materials Dip The Same Bet It Used To Be?

Applied Materials (AMAT) has fallen about 21% from its August high, and the question is whether to buy it. Its own history says dips this size have usually been worth buying, and its valuation argues the other way. The history is specific, so start there.

Zacks Sep 16, 2026
AMAT vs. LRCX: Which WFE Stock is a Safer Bet Right Now?

Applied Materials and Lam Research benefit from AI-driven semiconductor demand, but broader portfolio makes AMAT a safer choice.

Why it could benefit going forward

  • Lam is a critical supplier for etch and deposition steps used in advanced memory and logic manufacturing.
  • AI-driven HBM and DRAM demand can increase wafer starts and process complexity.
  • More complex chip structures tend to raise etch and deposition intensity.

Moat / edge

  • Strong position in memory process equipment.
  • Large installed base and recurring service revenue.
  • Technical depth in high-aspect-ratio etch and deposition.

What to watch

  • Memory capex recovery.
  • China exposure and export-rule changes.
  • Advanced packaging and gate-all-around opportunities.

Key risks

  • Memory spending is highly cyclical.
  • Policy restrictions can interrupt demand in important markets.

Business snapshot

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.