LRCXNASDAQ— Lam Research Corp Price & Analysis

Lam Research Corp

TECHNOLOGY — SEMICONDUCTOR EQUIPMENT & MATERIALS

$230.10

-$0.05-0.02%

Market Cap: $288.02B; Mega Cap
P/E Ratio: 39.96; Fwd: 33.67
EPS (TTM): $5.76
Div. Yield: 0.40%

Technical Summary

RSI (14)24.56Oversold

SMA (50)$302.22Bearish

SMA (200)$283.02Bearish

MACD-17.8228Bearish

Bollinger$228.06 – $371.82Mid

Stochastic2.65Oversold

Theo Outlook

Lam Research Corp designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits, with a focus on front-end wafer processing. For the trailing twelve months through the latest quarter ended September 30, 2026, the company reported revenue of $23.23 billion, a profit margin of 31.3 percent, earnings per share of $5.76 and a market capitalization of $288.02 billion.

Bull case: quarterly earnings grew 34.8 percent year over year and quarterly revenue grew 30 percent year over year through September 30, 2026, while the company maintained a 31.3 percent profit margin and 37.4 percent operating margin on a trailing twelve month basis. Bear case: the trailing price to earnings ratio stood at 39.96 and the price to book ratio at 31.2 as of the latest quarter, with a beta of 1.854 indicating above market volatility.

Main risks include exposure to cyclical semiconductor capital spending and customer concentration in a concentrated industry. Analysis generated by HeyTheo AI from company and market data. It may be incomplete or inaccurate.

Analysis generated by HeyTheo AI on Oct 23, 2026.

Company Overview

Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.

Fundamental Snapshot

Revenue: $23.23B
EBITDA: $8.64B
Gross Profit: $11.73B
Operating Margin: 37.4%
Profit Margin: 31.3%
ROE: 65.1%
Book Value: $9.97
Beta: 1.85
52-Wk High: $438.03
52-Wk Low: $134.88
Volume: 12.16M
PEG Ratio: 1.45

Frequently Asked Questions

What does Lam Research do?

Lam Research designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products focus on front-end wafer processing steps that create active components and wiring in semiconductor devices. The company is headquartered in Fremont, California.

Where does Lam Research's revenue come from?

Lam Research generated $23.23 billion in revenue for the trailing twelve months through September 30, 2026. The company derives its revenue primarily from sales of semiconductor processing equipment and related services. Quarterly revenue grew 30 percent year over year as of the latest reported quarter.

How does Lam Research compete?

Lam Research competes in the semiconductor equipment and materials industry with a 31.3 percent profit margin and 37.4 percent operating margin on a trailing twelve month basis through September 30, 2026. The company maintains an 8.64 billion dollar EBITDA and a 22.8 percent return on assets. Its products serve front-end wafer processing and back-end wafer-level packaging markets.

What are the main risks for Lam Research?

Lam Research faces risks from cyclical semiconductor capital spending and customer concentration. The company reported a beta of 1.854 as of the latest quarter ended September 30, 2026. Quarterly earnings growth of 34.8 percent year over year may not persist in a downturn.

How is Lam Research valued?

Lam Research trades at a trailing price to earnings ratio of 39.96, a forward price to earnings ratio of 33.67, a price to sales ratio of 12.4 and a price to book ratio of 31.2 as of the latest quarter ended September 30, 2026. The enterprise value to revenue multiple is 16.47 and the enterprise value to EBITDA multiple is 43.19. Earnings per share stand at $5.76 on a trailing twelve month basis.