Inside the research
Lam Research Corporation
LRCX Research profile · latest available data
Price overview
$315.21
▲ +8.05 (+2.6%)
| 52w hi | $432.87 |
|---|---|
| 52w lo | $127.54 |
| Vol | 8.14M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.18
| Short | -0.47 |
|---|---|
| Medium | +0.52 |
| Long | +0.80 |
computed 2026-09-27
Key fundamentals
Lam Research Corporation
Technology · Semiconductor Equipment & Materials
| Market cap | $394.46B |
|---|---|
| Enterprise value | $392.97B |
| Trailing P/E | 54.63x |
| Forward P/E | 26.85x |
| EV / EBITDA | 45.48x |
| P / S (ttm) | 16.98x |
| Profit margin | 31.3% |
| Return on equity | 65.1% |
| Revenue growth | +30.0% |
| Earnings growth | +34.8% |
| Debt / equity | 33.05 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.31 | |
| Sector | +0.24 | |
| Technical | -0.20 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 2.28 |
|---|---|
| Corr SPX | 0.65 |
| Annual vol | 56.8% |
| Annual ret | +86.4% |
| Sharpe | 1.52 |
| Max DD | -41.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $310.47 |
|---|---|
| High / Low | $385.00 / $220.00 |
| Median | $315.00 |
| Analysts | 32 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 25 | |
| Hold | 7 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-05 | Seaport Global | → Buy |
| 2026-04-23 | Wells Fargo | → Overweight |
| 2026-04-23 | TD Cowen | → Buy |
| 2026-04-23 | Stifel | → Buy |
| 2026-04-23 | RBC Capital | → Outperform |
| 2026-04-23 | Needham | → Buy |
Officers & Board
| Founder | David K. Lam current |
|---|
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-29 | Earnings Release, Exhibits | read |
| 2026-04-22 | Earnings Release, Exhibits | read |
| 2026-02-03 | Officer / Director Change, Exhibits | read |
| 2026-01-28 | Earnings Release, Exhibits | read |
| 2025-11-06 | 3.03, Officer / Director Change… | read |
| 2025-10-22 | Earnings Release, Exhibits | read |
| 2025-09-11 | Auditor Change, Exhibits | read |
| 2025-07-30 | Earnings Release, Exhibits | read |
| 2025-05-21 | Bylaws Amendment, Exhibits | read |
| 2025-04-23 | Earnings Release, Exhibits | read |
| 2025-01-29 | Earnings Release, Exhibits | read |
| 2025-01-29 | Material Agreement, Material Obligation… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-06 | ARCHER TIMOTHY | President and CEO | Option exercise | 30.00K | $900.99K |
| 2026-08-06 | ARCHER TIMOTHY | President and CEO | Sell | 30.00K | $9.00M |
| 2026-08-05 | Harter Ava | Chief Legal Officer | Withheld for tax | 5.79K | $1.78M |
| 2026-07-13 | TALWALKAR ABHIJIT Y | Sell | 18.28K | $6.12M | |
| 2026-07-02 | ARCHER TIMOTHY | President and CEO | Option exercise | 30.00K | $900.99K |
| 2026-07-02 | ARCHER TIMOTHY | President and CEO | Sell | 30.00K | $11.70M |
| 2026-06-12 | BRANDT ERIC | Sell | 300 | $106.71K | |
| 2026-06-12 | BRANDT ERIC | Sell | 1.39K | $497.64K | |
| 2026-06-12 | BRANDT ERIC | Sell | 1.10K | $393.78K | |
| 2026-06-12 | BRANDT ERIC | Sell | 3.83K | $1.37M |
Flow & Concentration
| Insider 180d net | -$74.52M |
|---|---|
| Insider buys / sells | 0 / 49 |
| Insider bias | Sellers |
| 13F holders | 10 |
| Top-5 share | 94.4% |
| HHI | 3,370 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $26.32B | 60.70M |
| Fidelity / FMR LLC | $14.59B | 33.68M |
| Citadel Advisors | $3.91B | 9.03M |
| Capital Research / Capital World | $3.48B | 8.02M |
| AQR Capital Management | $1.51B | 3.49M |
| Tiger Global Management | $1.37B | 3.16M |
| Millennium Management | $1.16B | 2.68M |
| Bridgewater Associates | $406.56M | 938.22K |
| Renaissance Technologies | $13.69M | 31.60K |
| T. Rowe Price Group | $10.66M | 24.60M |
As of 2026-06-30
Connections
Dividends
| Yield (TTM) | 0.16% |
|---|---|
| $ / share (TTM) | $0.52 |
| 5y CAGR | +14.9% |
Annual dividend per share
| 2021 | $0.56 |
|---|---|
| 2022 | $0.65 |
| 2023 | $0.74 |
| 2024 | $0.86 |
| 2025 | $0.98 |
| 2026 | $0.26 |
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $18.44B | +13.2% | |
| Gross profit | $7.78B | +23.9% | |
| Operating income | $5.90B | +22.4% | |
| Net income | $4.51B | +20.1% | |
| Cash from ops | $5.18B | +21.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $309.18 | $317.13 | $307.50 | $315.21 | 8.14M |
| Sep 24 | $301.86 | $307.22 | $298.86 | $307.16 | 7.90M |
| Sep 23 | $307.50 | $309.75 | $298.56 | $307.28 | 9.64M |
| Sep 22 | $296.82 | $311.39 | $296.08 | $310.96 | 9.29M |
| Sep 21 | $292.49 | $305.69 | $290.04 | $302.28 | 11.34M |
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