Technology / Semiconductor Equipment & MaterialsUpdated 2026-05-10 22:07 UTC

LRCX stock hub

LRCX trades against a final fair-value range of $132.71-$237.30, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

Read full analysis Valuation Archive

Fair value midpoint

$183

$133 - $237

Upside to midpoint

-37.8%

Based on latest report

Confidence

87/100

Data quality and model convergence

Market cap

$369.1B

NASDAQ

Our take

Research highlights

What our analysis says

Pulled from the latest published report. The full reasoning lives under /analysis.

Biggest opportunity

Bull case

internal valuation anchors of $310.47 relies on ungrounded perpetual multiple expansion.

Biggest risk

Prolonged Memory Downturn

12-24 months

Recommended action

Sell

LRCX is rated Sell at $295.16 versus the reconciled fair value midpoint of $183.48, implying -37.84% upside/downside. Confidence is separately disclosed at 87/100.

Market data

Live price

Current market quote for this ticker.

Current price

LRCX

In the news

Latest news · LRCX

Recent company headlines from major financial publishers.

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Fetching the latest headlines.

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Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Analysis map

Jump into the research surface

These links all point into /analysis/*, so a hub rollback leaves the report reader and legacy redirects live.

Forecast

Targets

Bull, base, and bear cases with expected-return framing.

Valuation

Models

Fair-value bridge, DCF, owner earnings, and peer multiples.

Sensitivity

Grid

Cost-of-equity and terminal-growth stress table.

Risks

Bear case

Kill scenarios, soft-pass flags, and downside catalysts.

Earnings

Decision tree

Next earnings setup and beat / inline / miss thresholds.

Position sizing

Checkpoints

Entry, exit, conviction, and quarterly monitoring rules.

Financials

History

Revenue, margins, cash flow, and balance-sheet context.

Peers

Comps

Relative valuation and profitability against the cohort.

Moat

Durability

Economic-profit evidence and competitive advantage risk.

Industry cycle

Context

Sector phase, capital cycle, and secular tailwinds.

Scorecard

Factors

Six-factor overlay and 9-category weighted scorecard.

Recommendation

Verdict

Final action, action steps, opportunity, and biggest risk.

Perspectives

Lenses

Growth, value, and income investor reads.

Where the current metrics sit

Percentiles come from the backend screener cohort cache for the ticker's country and sector.

Forward P/E37.3

P25 12.5P50 22.3P75 38.6

Trailing P/E0

P25 16.3P50 33.5P75 65.6

ROE66.8

P25 -30.7P50 1.5P75 14.4

ROIC73.9

P25 -18.6P50 1.9P75 13.7

Benchmarks - 1M

S&P 500n/a

Nasdaq Compositen/a

Dow Jones Industrial Averagen/a

Russell 2000n/a

Our take

Indicator catalog

All LRCX market and fundamental indicators

A searchable catalog of the available market, valuation, profitability, growth, balance-sheet, ownership, and analyst metrics for this ticker.

Available fields

286

Groups with data

Currency

USD

Showing 286 of 286 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0000707549
Company name	Lam Research Corporation
Country	United States
Country code	US
Cusip	512807306
Employees	17,200
Employees Change	-500%
Employees Change Percent	-2.82
Enterprise value	$366.7B
Exchange	NASDAQ
Financial currency	USD
First seen	2026-05-09
In Index	SP500, NASDAQ100
Industry	Semiconductor Equipment & Materials
Isin	US5128073062
Last refreshed	2026-05-10
Market cap	$367.7B
Market cap category	Mega-Cap
Price	$294
Price currency	USD
Rev Per Employee	1,260,572.38x
Sector	Technology
Sic	3559
Symbol	LRCX
Website	https://www.lamresearch.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	1.82%
EV Earnings	54.67x
EV Sales Forward	12.79x
EV/EBIT	49.37x
EV/EBITDA	46.73x
EV/FCF	61.07x
EV/Sales	16.91x
FCF yield	1.63%
Forward P/E	39.4x
P/B ratio	34.74x
P/E ratio	55.54x
P/S ratio	16.96x
PE Ratio10 Y	19.6x
PE Ratio3 Y	27.92x
PE Ratio5 Y	23.3x
PEG ratio	1.78x
PS Forward	12.82x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	34.26%
EBITDA Margin	36.2%
FCF margin	27.7%
Gross margin	49.98%
Gross Profit	$10.8B
Gross Profit Growth	31.59%
Gross Profit Growth Q	25.8%
Gross Profit Growth3 Y	8.49%
Gross Profit Growth5 Y	11.92%
Net Income	$6.7B
Net Income Growth	44%
Net Income Growth Q	37.18%
Net Income Growth Quarters	9%
Net Income Growth Years	1%
Net Income Growth3 Y	10.91%
Net Income Growth5 Y	14.15%
Pretax Margin	34.53%
Profit Margin	30.94%
Profit Per Employee	$390,012
Profitable Years	16
ROA	22.78
Roa5y	17.99
ROCE	47.77
ROE	66.76
Roe5y	62.17
ROIC	73.88
Roic5y	64.79

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr10y	46.35%
Cagr15y	32.89%
Cagr1y	295%
Cagr20y	23.19%
Cagr3y	78.75%
Cagr5y	37.53%
Div CAGR10	23.74%
Div CAGR3	14.8%
Div CAGR5	14.87%
EPS Growth	47.52
EPS Growth Q	40.78
EPS Growth Quarters	9
EPS Growth Years	1
EPS Growth3 Y	13.79
EPS Growth5 Y	17.49
FCF Growth	58.28%
FCF Growth Q	-20.65%
FCF Growth3 Y	14.97%
FCF Growth5 Y	17.6%
OCF Growth	55.19%
OCF Growth Q	-12.78%
OCF Growth10 Y	19.03%
OCF Growth3 Y	15.62%
OCF Growth5 Y	18.59%
Revenue Growth	26.53x
Revenue Growth Q	23.76x
Revenue Growth Quarters	8x
Revenue Growth Years	1x
Revenue Growth3 Y	4.76x
Revenue Growth5 Y	10.31x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$1.06
Assets	$20.8B
Cash	$4.8B
Current Assets	$13.3B
Current Liabilities	$5.2B
Debt	$3.7B
Debt EBITDA	$0.47
Debt Equity	$0.35
Debt FCF	$0.62
Equity	$10.6B
Interest Coverage	44.89
Liabilities	$10.2B
Long Term Assets	$7.5B
Long Term Liabilities	$5B
Net Cash	$1B
Net Cash By Market Cap	$0.28
Net Cash Growth	5.18%
Net Debt EBITDA	$-0.13
Net Debt Equity	$-0.1
Net Debt FCF	$-0.17
Tangible Book Value	$8.7B
Tangible Book Value Per Share	$6.96
WACC	14.15

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	2.54
Inventory Turnover	2.56
Net Working Capital	$3.3B
Quick ratio	1.69
Working Capital	$8.1B
Working Capital Turnover	$2.71

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	2.5%
Dividend Growth	13.48%
Dividend Growth Years	12%
Dividend per share	$1.04
Dividend Years	13
Dividend Yield	0.35%
Ex Div Date	2026-03-04
Last Dividend	$0.26
Payout Frequency	Quarterly
Payout Ratio	19.08%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y total return	4,405.95%
1Y total return	294.62%
200-day SMA	178.8
3Y total return	471.35%
50-day SMA	241
50-day SMA vs 200-day SMA	50over200
5Y total return	391.9%
All Time High	298
All Time High Change	-1.32%
All Time High Date	2026-05-07
All Time Low	0.07
All Time Low Change	440,754.57%
All Time Low Date	1990-08-23
ATR	13.01
Beta	1.82
Beta1y	2.05
Beta2y	2.02
Ch YTD	71.78
High	297.4
High52	298
High52 Date	2026-05-07
High52ch	-1.32%
Low	287.5
Low52	74.65
Low52 Date	2025-05-09
Low52ch	293.91%
Ma50ch	22.03%
Premarket Change Percent	3.32
Premarket Price	$296
Premarket Volume	68,535
Price vs 200-day SMA	64.44%
RSI	65.89
RSI Monthly	84.93
RSI Weekly	71.95
Sharpe ratio	2.95x
Sortino ratio	4.91
Total Return	2.85%
Tr YTD	71.98
Tr15y	7,022.19%
Tr1m	31.07%
Tr1w	14.54%
Tr3m	27.44%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	26
Analyst Count Top	20
Analyst Price Target Top	$267
Analyst Ratings	Strong Buy
Analyst Ratings Top	Strong Buy
Earnings EPS Estimate	$1.36
Earnings EPS Estimate Growth	30.77
Earnings Revenue Estimate	5,762,377,018x
Earnings Revenue Estimate Growth	22.08x
Operating Income	$7.4B
Operating Income Growth	40.38
Operating Income Growth Q	31.07
Operating Income Growth3 Y	7.94
Operating Income Growth5 Y	13.62
Operating margin	34.26
Price target	$262
Price Target Change	$-10.78
Price Target Change Top	$-9.25

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1,245,503,174%
Float Percent	99.59%
Net Borrowing	-755,558,000
Shares Insiders	0.28%
Shares Institutions	85.29%
Shares Out	1,250,571,000
Shares Qo Q	-0.35%
Shares Yo Y	-2.5%
Short Float	2.09%
Short Ratio	2.54
Short Shares	2.08

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$5.6B
Average Volume	9,625,503.7x
Bv Per Share	8.46
CAPEX	$-949.8M
Ch10y	3,823.8
Ch15y	5,946.7
Ch1m	31.07
Ch1w	14.54
Ch1y	291.8
Ch20y	5,397.3
Ch3m	27.29
Ch3y	455.1
Ch5y	366.3
Ch6m	84.53
Change	2.63%
Change From Open	-0.56
Close	286.5
Days Gap	3.21
Depreciation Amortization	420,330,000
Dollar Volume	2,645,465,226.6
Earnings Date	2026-04-22
Earnings Time	amc
EBIT	$7.4B
EBITDA	$7.8B
EPS	$5.29
F Score	7
FCF	$6B
FCF EV Yield	1.64x
FCF Per Share	$4.8
Financing CF	-6,747,015,000
Fiscal Year End	June
Founded	1,980
Graham Number	31.75353
Graham Upside	-89.2
Income Tax	$778.1M
Investing CF	-907,662,000
Is Primary Listing	1
Is Spac	No
Last Earnings Date	2026-04-22
Last Report Date	2026-03-29
Last Split Date	2024-10-03
Last Split Type	Forward
Last10k Filing Date	2025-08-11
Lynch Fair Value	$74.94
Lynch Upside	-74.51
Ma150	201.9
Ma150ch	45.61%
Ma20	266.7
Ma20ch	10.28%
Net CF	-696,151,000
Next Earnings Date	2026-07-29
Open	295.7
Optionable	Yes
P FCF Ratio	61.24
P OCF Ratio	52.88
Payment Date	2026-04-08
Position In Range	65.96
Post Close	294.1
Postmarket Change Percent	0.27
Postmarket Price	$295
Ppne	2,853,614,000
Pre Close	286.5
Price Date	2026-05-08
Price EBITDA	$46.86
Ptbv Ratio	42.25
Relative Volume	0.93x
Revenue	21,681,845,000x
SBC By Revenue	1.74x
Share Based Comp	376,682,000
Tax By Revenue	3.59x
Tax Rate	10.39%
Tr20y	6,375.08%
Tr6m	85.06%
Us State	California
Views	227
Volume	8,996,651
Z Score	15.27

Fast facts

Decision checkpoints

A compact product layer over the same report payload.

Risk gate

Named kill scenarios are reviewed before any bullish rating can stand.

Moat score

9/10

Business quality stays separate from stock attractiveness.

Forward P/E

37.3x

Valuation uses the full report model stack, not a single multiple.

Next action

Sell

Final action steps are kept in the recommendation tab.

Our take

Income

LRCX dividend yield, growth & safety

Yield, payout sustainability, and the multi-year growth streak.

Dividend yield

+0.4%

$1.04 annual per share

Payout ratio

+19.1%

Share of earnings returned as dividends. Below 60% is generally sustainable.

5Y dividend CAGR

+14.9%

12 consecutive years of growth

Total shareholder yield

+2.8%

Next ex-dividend date: 2026-03-04

Performance

LRCX stock returns vs the market

Total return (incl. dividends) compared to S&P 500.

Ownership

Who owns LRCX?

Insider, institutional, and short-interest positioning.

Institutional ownership

+85.3%

Float: +99.6% of shares outstanding

Insider ownership

+0.3%

Stake held by company insiders. Higher generally signals alignment.

Negative means the company is buying back shares.

Technical

LRCX momentum and risk profile

RSI, moving-average stack, beta, and risk-adjusted return.

RSI (14)

65.9

Neutral momentum band

Price vs 200-day MA

+64.4%

50/200-day relationship not available

Beta (5Y)

1.82

More volatile than the market

Sharpe ratio

2.95

Risk-adjusted return — higher is better; >1.0 is solid.

Peers

LRCX vs. sector cohort

Currency-neutral comparison: P/E, P/S, ROIC, 5Y revenue CAGR, and 1Y total return. Market-cap column appears only when every peer reports in the same currency.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	4.3T	35.6x	9.5x	104.3%	+6.8%	+50.1%	बेचें
ABNB	Airbnb Inc.	84B	34.7x	6.6x	15.9%	+29.9%	+14.9%	होल्ड
ADBE	Adobe Inc.	102.3B	14.8x	4.2x	63.3%	+12.3%	-34.3%	मज़बूत ख़रीद

Questions

About LRCX

Hub-level FAQ points readers to the deeper analysis pages.

What is the current LRCX stock rating?

Lam Research Corporation is currently shown with Sell in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full LRCX analysis?

The full report lives at /stocks/LRCX/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.

What fair-value range is used for LRCX?

The latest report frames LRCX around $133 to $237. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.

How often is the LRCX page updated?

The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.