LRCXNASDAQ— Lam Research Corp Price & Analysis

Lam Research Corp

TECHNOLOGY — SEMICONDUCTOR EQUIPMENT & MATERIALS

$234.32

-$26.49-10.16%

Market Cap: $329.69B; Mega Cap
P/E Ratio: 45.74; Fwd: 33.67
EPS (TTM): $5.76
Div. Yield: 0.38%

Technical Summary

RSI (14)31.80Neutral

SMA (50)$306.26Bearish

SMA (200)$282.76Bearish

MACD-11.4222Bearish

Bollinger$253.17 – $362.92Lower

Stochastic5.15Oversold

Theo Outlook

Lam Research Corp designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits, primarily for front-end wafer processing. Its latest reported figures show revenue of $23.23 billion for the trailing twelve months, a profit margin of 31.3 percent, earnings per share of $5.76 and a market value of $329.69 billion, all as of the latest quarter ended June 30, 2026.

Bull case: quarterly revenue grew 30 percent year over year and quarterly earnings grew 34.8 percent year over year while the company posted a 37.4 percent operating margin and 65.1 percent return on equity. Bear case: the trailing price-to-earnings ratio stands at 45.74, the price-to-sales ratio at 14.19 and beta at 1.854, with shares outstanding of 1.2514 billion.

Main risks include exposure to the cyclical semiconductor equipment sector and elevated valuation multiples. Analysis generated by HeyTheo AI from company and market data. It may be incomplete or inaccurate.

Analysis generated by HeyTheo AI on Oct 21, 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: 1.83M
PEG Ratio: 1.45

Frequently Asked Questions

What does Lam Research do?

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

Where does Lam Research's revenue come from?

Revenue of $23.23 billion for the trailing twelve months ended June 30, 2026 came primarily from sales of semiconductor processing equipment. The company also generates revenue from services and equipment for back-end wafer-level packaging and related markets such as MEMS.

How does Lam Research compete?

Lam Research competes through specialized equipment for front-end wafer processing with a 31.3 percent profit margin and 37.4 percent operating margin reported for the trailing twelve months ended June 30, 2026. It maintains an installed base that supports recurring service revenue and invests in technology for advanced semiconductor nodes.

What are the main risks for Lam Research?

Main risks include the cyclical nature of the semiconductor equipment industry and a beta of 1.854 as of the latest data. The company faces potential volatility from customer capital spending patterns in the technology sector.

How is Lam Research valued?

Lam Research trades at a trailing price-to-earnings ratio of 45.74, a forward price-to-earnings ratio of 33.67, a price-to-sales ratio of 14.19 and a price-to-book ratio of 31.2 as of the latest reported figures. Enterprise value to revenue stands at 16.47 and enterprise value to EBITDA at 43.19.