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LRCX US​

Lam Research Corporation(LRCX US)

$230.10-0.050.02%Ext:$229.37-0.730.32%(Market Closed · 00:00:00 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings
EDINET Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Lam Research Corporation — Company Profile

Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit conformal films. SABRE products excel in electrochemical deposition, crucial for copper interconnect transitions and enabling copper damascene manufacturing. SOLA utilizes ultraviolet thermal processing for film treatments, while VECTOR delivers plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition (ALD) solutions. Furthermore, SPEED addresses gapfill applications with its high-density plasma CVD products, and Striker is engineered for single-wafer atomic layer deposition of dielectric films. Beyond deposition, Lam Research offers a comprehensive suite of etching tools. Flex is designed for dielectric etch applications, Kiyo handles conductor etch processes, Syndion specializes in through-silicon via etching, and Versys metal products are used for metal etch processes. The company's offerings also extend to specialized solutions like Coronus, which enhances die yield through bevel cleaning. For various wafer cleaning requirements, Lam Research supplies multiple product lines, including Da Vinci, DV-Prime, EOS, and SP series. Additionally, Metryx mass metrology systems provide precise, in-line mass measurement capabilities for semiconductor wafer manufacturing. Lam Research serves the global semiconductor industry, distributing its technologies and services across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. Established in 1980, the company maintains its corporate headquarters in Fremont, California.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UQ
CEO
Timothy Archer
Headquarters
Fremont, CA, US
IPO Date
May 4, 1984
Employees
23,300
Website
www.lamresearch.com

Key Metrics

Price
$347.49
Market Cap
$434.56B
Revenue (TTM)
$5.84B
Net Income (TTM)
$1.83B
EPS (TTM)
1.46
P/E (TTM)
64.78
P/B (TTM)
41.06
Dividend Yield
32.69%
ROE (TTM)
17.25%
ROA (TTM)
8.78%
Operating Margin
35.04%
Beta
2.82

Dividends

Last Dividend
$0.26
Last Yield
0.33%

Summary

Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit conformal films. SABRE products excel in electrochemical deposition, crucial for copper interconnect transitions and enabling copper damascene manufacturing. SOLA utilizes ultraviolet thermal processing for film treatments, while VECTOR delivers plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition (ALD) solutions. Furthermore, SPEED addresses gapfill applications with its high-density plasma CVD products, and Striker is engineered for single-wafer atomic layer deposition of dielectric films. Beyond deposition, Lam Research offers a comprehensive suite of etching tools. Flex is designed for dielectric etch applications, Kiyo handles conductor etch processes, Syndion specializes in through-silicon via etching, and Versys metal products are used for metal etch processes. The company's offerings also extend to specialized solutions like Coronus, which enhances die yield through bevel cleaning. For various wafer cleaning requirements, Lam Research supplies multiple product lines, including Da Vinci, DV-Prime, EOS, and SP series. Additionally, Metryx mass metrology systems provide precise, in-line mass measurement capabilities for semiconductor wafer manufacturing. Lam Research serves the global semiconductor industry, distributing its technologies and services across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. Established in 1980, the company maintains its corporate headquarters in Fremont, California.

Website
www.lamresearch.com
Location
Fremont, CA, US
Phone510 572 0200
Employees23,300
CEOTimothy Archer
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateMay 4, 1984

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Latest Documents

SEC Filings(2K)

Expand
  • 144ARCHER TIMOTHY23 Oct
  • 10-QQ1ended 27 Sept 202622 Oct
  • 8-KResults of Operations and Financial Condition21 Oct
  • ARSAnnual report to security holders24 Sep
  • DEFA14ADefinitive additional materials24 Sep
  • DEF 14ADefinitive proxy statement24 Sep
  • 4Statement of changes in beneficial ownership10 Sep
  • 4Statement of changes in beneficial ownership10 Sep
  • 144Mayer Bethany9 Sep
  • 144ARCHER TIMOTHY9 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 144Varadarajan Seshasayee2 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 144Harter Ava31 Aug
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers27 Aug
  • 10-KFY 2026ended 28 Jun 20267 Aug
  • 4Statement of changes in beneficial ownership7 Aug
  • 4Statement of changes in beneficial ownership6 Aug
  • 144ARCHER TIMOTHY6 Aug
  • 8-KResults of Operations and Financial Condition29 Jul

EDINET Filings(18)

Expand
  • 10-KAnnual Securities Report (2024.07.01-2025.06.29)28 Oct 2025
  • IRExtraordinary Report15 Oct 2025
  • PRSSecurities registration statement7 Apr 2025
  • IRSemi-Annual Report (2024.07.01-2025.06.29)27 Mar 2025
  • PRSAmended Securities Registration Statement30 Oct 2024
  • 10-KAnnual Securities Report (2023.06.26-2024.06.30)29 Oct 2024
  • PRSSecurities registration statement7 Oct 2024
  • PRSSecurities registration statement4 Apr 2024
  • IRSemi-Annual Report (2023.06.26-2024.06.30)21 Mar 2024
  • PRSSecurities registration statement6 Apr 2022
  • 10-KAnnual Securities Report (2020.06.29-2021.06.27)27 Oct 2021
  • PRSSecurities registration statement6 Oct 2021
  • PRSSecurities registration statement6 Apr 2021
  • 10-KAmended Annual Securities Report29 Oct 2020
  • 10-KAnnual Securities Report (2019.07.01-2020.06.28)27 Oct 2020
  • 10-KAnnual Securities Report (2018.06.25-2019.06.30)29 Oct 2019
  • 10-KAnnual Securities Report (2017.06.26-2018.06.24)23 Oct 2018
  • 10-KAnnual Securities Report (2016.06.27-2017.06.25)24 Oct 2017

News

  • Atlatl Advisers LLC Sells 14,564 Shares of Lam Research Corporation $LRCX04:52AM
  • Lam Research Corporation $LRCX Shares Sold by Carderock Capital Management Inc.04:52AM
  • AMAT vs. LRCX: Which Stock Has an Edge in the WFE Space?23 Oct
  • NVDA vs. LRCX: Which AI Semiconductor Stock Is the Better Buy?23 Oct
  • Carillon Eagle Growth & Income Fund Q3 2026 Portfolio Update23 Oct
  • 5,565 Lam Research Corporation $LRCX Shares Sold by Brookstone Capital Management23 Oct
  • Lam Research Corporation $LRCX Stock Sold by Axxcess Wealth Management LLC23 Oct
  • Lam Research Analysts Cut Their Forecasts Following Q1 Earnings22 Oct
  • Here is Why Growth Investors Should Buy Lam Research (LRCX) Now22 Oct
  • Lam Research's Earnings Beat Wasn't the Real Story—Its 2027 Outlook Was22 Oct
  • Stocks Stumble as Tech Selloff Returns With a Vengeance22 Oct
  • Lam Research stock falls 9% despite record results; this analyst sees stock doubling22 Oct
  • LRCX Q1 Earnings Call Highlights $200B-Plus WFE Outlook for 202722 Oct
  • BofA Names Nvidia, Intel and Micron Top AI Winners as $1 Trillion Spending Looms22 Oct
  • Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains22 Oct
  • Lam Research Sinks 9% as Supply Constraints Cap Outlook; Applied Materials Drops 6%, ASML Holding Falls 4%22 Oct
  • Chip Stocks Tumble, Crushing Investor Hopes for a Long-Term Rebound22 Oct
  • Lam Research Just Posted Its First-Ever 40% Operating Margin But Sold Off22 Oct
  • Chip Stock Rebound Comes Undone After Lam Research Stokes Spending Fears22 Oct
  • Lam Research Corp (LRCX) (Q1 2027) Earnings Call Highlights: Record Revenue, First-Ever 40% Operating Margin and a Bullish $200 Billion WFE Outlook22 Oct

Mentions in Filings

  • … ge: 64 Director since: 2025 Independent Board Committees: • Audit (Chair) • Security and Privacy Other public boards during the past five years: • Option Care Health (since 2024) • Gen Digital Inc. (since 2020) • <strong>Lam Research Corporation</strong> (since 2010) • The Macerich Company (2018-2025) • DENTSPLY SIRONA (2004-2024) Professional background Mr. Brandt is a seasoned executive and public company director with more than three decades of experience in f …
    Nutanix, Inc.Lam Research Corporation·ARS - Annual report to security holders·FY26·20 Oct
  • … Senior Medium-Term Notes, Series K Autocallable Barrier Notes with Memory Coupons due October 31, 2029 Linked to the Least Performing of the common stock of Lockheed Martin Corporation and the common stock of <strong>Lam Research Corporation</strong> and the Class A common stock of Coinbase Global, Inc. ●The notes are designed for investors who are seeking monthly contingent periodic interest payments (as described in more detail below), as well as a return …
    BANK OF MONTREAL /CAN/Lam Research Corporation·FWP - ARC 7536·Q4 26·19 Oct
  • … | Cisco Systems, Inc. | | 1% | | 50 | | 107.26 | | 5,363 | | CTSH | Cognizant Technology Solutions Corporation | | 1% | | 77 | | 69.55 | | 5,355 | | FN | Fabrinet †\* | | 1% | | 15 | | 356.06 | | 5,341 | | LRCX | <strong>Lam Research Corporation</strong> | | 1% | | 21 | | 260.81 | | 5,477 | | MU | Micron Technology, Inc. | | 1% | | 6 | | 913.67 | | 5,482 | | MSFT | Microsoft Corporation | | 1% | | 10 | | 532.95 | | 5,330 | | NVDA | NVIDIA Corporation | | 1% | | 2 …
    FT 13295Lam Research Corporation·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·22 Oct
  • … 1,488 | ​ | ​ | | Intel Corporation (b) | ​ | ​ | ​ | ​ | 145,900 | ​ | ​ | ​ | ​ | ​ | 17,541,557 | ​ | ​ | | Keysight Technologies, Inc. (b) | ​ | ​ | ​ | ​ | 44,000 | ​ | ​ | ​ | ​ | ​ | 16,017,760 | ​ | ​ | | <strong>Lam Research Corporation</strong> | ​ | ​ | ​ | ​ | 199,300 | ​ | ​ | ​ | ​ | ​ | 65,472,043 | ​ | ​ | | Lumentum Holdings, Inc. (b) | ​ | ​ | ​ | ​ | 9,900 | ​ | ​ | ​ | ​ | ​ | 9,615,474 | ​ | ​ | | Micron Technology, Inc. | ​ | ​ | ​ | ​ | 53, …
    ADAMS DIVERSIFIED EQUITY FUND, INC.Lam Research Corporation·N-30B-2·Q3 26·21 Oct
  • … ​ | EPAM | ​ | EPAM Systems, Inc. (3) | ​ | 0.39 | ​ | ​ | 130.68 | ​ | ​ | 1,437 | ​ | | 35 | ​ | ICHR | ​ | Ichor Holdings Limited (3) (4) | ​ | 0.40 | ​ | ​ | 42.23 | ​ | ​ | 1,478 | ​ | | 10 | ​ | LRCX | ​ | <strong>Lam Research Corporation</strong> | ​ | 0.72 | ​ | ​ | 263.45 | ​ | ​ | 2,634 | ​ | | 7 | ​ | MTSI | ​ | MACOM Technology Solutions Holdings, Inc. (3) | ​ | 0.50 | ​ | ​ | 262.93 | ​ | ​ | 1,841 | ​ | | 20 | ​ | MXL | ​ | MaxLinear, Inc. (3) | ​ …
    Advisors Disciplined Trust 2364Lam Research Corporation·S-6/A - Registration statement (unit investment trusts, amendment)·Q4 26·21 Oct
  • … : 64 Director since: 2025 Independent Board Committees: • Audit (Chair) • Security and Privacy | Other public boards during the past five years: • Option Care Health (since 2024) • Gen Digital Inc. (since 2020) • <strong>Lam Research Corporation</strong> (since 2010) • The Macerich Company (2018-2025) • DENTSPLY SIRONA (2004-2024) | | Professional background Mr. Brandt is a seasoned executive and public company director with more than three decades of experience …
    Nutanix, Inc.Lam Research Corporation·DEF 14A - Definitive proxy statement·Q2 27·20 Oct

Key Stats

Trading

Px/Chg 1D$347.49 / +2.17%
Avg Volume10.42M
Beta2.82
Mkt Cap434.56B
FD Mkt Cap375.50B

Float

Shrs Out/Float1.25B / 1.25B
Short Float0.02%
Days to Cover1.84
Stock Repurchased$1.16B

Current Valuation

EV433.54B
EV/EBITDA54.27
EV/Sales20.00
P/B41.06
P/S20.04
FCF Yield0.19%
ROE17.25%
ROA8.78%
Current Ratio2.54

Dividend

Cash$0.26
Yield32.69%
Yield (TTM)32.69%

Estimates

P/E64.78
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgOct '22Oct '23Oct '24Oct '25Oct '26
PRICE-BASED RATIOS
Price / Earnings97.1111.22100.2926.67109.30238.06
Price / Sales29.143.0025.096.8536.3674.39
Price / Book Value18.028.239.8011.9519.0641.06
Price / Free Cash Flow147.3720.2377.0923.9978.93536.62
ENTERPRISE VALUE METRICS
Enterprise Value170,833.553,148.580,159.3101,214.8186,101.0433,544.1
Enterprise Value / Sales29.013.0924.996.7935.9974.22
Enterprise Value / EBITDA81.869.3180.1820.6399.13200.05
Enterprise Value / EBIT87.339.8888.0722.27104.61211.79

Financials

Full Financials
Millions USD5Yr CAGR (%)Jun '21Jun '22Jun '23Jun '24Jun '25
INCOME STATEMENT
Revenue6%14,626.217,227.017,426.714,905.418,435.6
Gross Income7.2%6,805.37,871.87,776.97,052.88,979.1
EBITDA6.7%4,886.65,711.65,638.14,905.26,344.4
EBIT6.8%4,579.45,377.95,295.74,545.55,958.1
Net Income8.2%3,908.54,605.34,510.93,827.85,358.2
EPS (Diluted)11.4%2.693.273.322.904.15
BALANCE SHEET
Cash & ST Inv2.8%5,729.13,657.75,374.75,847.96,390.7
Total Assets7.7%15,892.217,195.618,781.618,744.721,345.3
Total Liabilities3.9%9,865.010,917.310,571.510,205.311,483.6
Total Shareholder Equity13.1%6,027.26,278.48,210.28,539.59,861.6
CASH FLOW
Net Operating Cash Flow14.5%3,588.23,099.75,178.94,652.36,173.3
Cap Ex21.4%-349.1-546.0-501.6-396.7-759.2
Free Cash Flow13.7%3,239.12,553.64,677.44,255.65,414.1

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)229.31
Basic Shares1,250.57
Market Cap286,762.0
Diluted Shares1,257.33
Fully Diluted Shares Outstanding1,257.33
Fully Diluted Market Cap288,310.9
+Consolidated Debt3,734.5
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-4,750.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value285,745.5

Segment data

Revenue

by Products and services

  • System64%
  • Customer Support And Other36%

Revenue

by Geography

  • China34%
  • Taiwan, Province Of China22%
  • Korea, Republic Of19%
  • Japan9%
  • United States7%

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