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Lam Research Corporation LRCX NDXSPXAI

Technology · Semiconductor Equipment & Materials · United States
https://www.lamresearch.com

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 that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products. It also provides 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 through-silicon via etch applications; 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; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

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$318.18
+296.72% 1Y

Market & Price

Market Cap
$397.91B
Current Price
$318.18
High / Low (52W)
$322.68 / $80.20
Beta
1.82

Valuation

Stock P/E
60.26
Industry PE
32.74
Forward P/E
40.06
PEG Ratio
1.85
Book Value
$8.46
Price to Book
37.59
P/S
18.35
EV/EBITDA
50.57
Dividend Yield
0.33%

Profitability & Returns

ROCE
41.53%
ROE
66.76%
ROA
22.78%
Profit Margin
30.94%
Op Margin
35.04%
EPS (Latest Qtr)
$1.45
EPS (TTM)
$5.28

Balance Sheet & Liquidity

Debt/Equity
0.35
Quick Ratio
1.70
Current Ratio
2.54
Debt
$3.73B
Total Assets
$21.35B
Current Assets
$14.52B
Working Capital
$7.95B

Ownership

Promoter Holding
0.28%
Chg in Prom Hold
-
FII / Inst Holding
88.13%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$396.89B
Total Revenue (TTM)
$21.68B
EBITDA
$7.85B
Free Cash Flow
$4.35B
Operating Cash Flow
$6.95B
Shares Outstanding
1.25B
Gross Margin
49.98%
Payout Ratio
19.09%

Growth (CAGR)

Revenue 5Y
2.29%
Profit 5Y
5.18%
Revenue (YoY)
23.80%
Earnings (YoY)
40.80%

PROS

  • Strong return on equity of 66.8%.
  • Healthy ROCE of 41.5%.
  • Excellent profit margin of 30.9%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 60.3.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LRCX Lam Research Corporation NDXSPXAI 318.18 60.26 $397.91B 0.33% 41.53% 66.76% 2.29% 5.18%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Sep 2013Dec 2013Mar 2014Sep 2014Dec 2014Mar 2015Sep 2015Dec 2015Mar 2016Sep 2016Dec 2016Mar 2017Sep 2017Dec 2017Mar 2018Sep 2018Dec 2018Mar 2019Sep 2019Dec 2019Mar 2020Sep 2020Dec 2020Mar 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------------2.48B2.58B2.89B2.33B2.52B2.44B2.17B2.58B2.50B3.18B3.46B3.85B4.30B4.23B4.06B5.07B5.28B3.87B3.48B3.76B3.79B--4.72B5.17B5.32B5.34B5.84B
Cost of Revenue -----------------------------------2.41B2.58B2.64B2.69B2.93B
Gross Profit 431.86M487.79M530.80M505.54M536.66M600.60M722.36M626.51M571.26M716.20M846.80M971.40M1.15B1.21B1.33B1.06B1.15B1.07B981.71M1.18B1.17B1.51B1.60B1.78B1.98B1.98B1.82B2.34B2.38B1.61B1.65B1.76B1.80B--2.31B2.59B2.68B2.65B2.91B
Operating Expenses -----------------------------------751.93M848.58M855.79M840.96M863.51M
Operating Income 105.41M164.47M191.94M168.30M188.74M239.97M335.43M238.83M190.75M315.95M439.83M538.42M693.22M737.37M827.51M591.75M690.38M565.52M537.46M686.51M694.11M961.06M1.01B1.20B1.37B1.34B1.19B1.70B1.68B942.25M1.02B1.06B1.06B--1.56B1.74B1.83B1.81B2.05B
EBITDA -----------------------------------1.68B1.92B2.00B1.98B2.17B
Interest Expense -----------------------------------45.18M42.77M42.47M40.88M39.33M
Pretax Income -----------------------------------1.54B1.78B1.86B1.84B2.01B
Tax Provision -----------------------------------206.06M58.89M290.50M242.62M186.10M
Net Income 85.51M148.99M164.40M141.08M176.94M206.28M288.68M222.98M143.45M263.83M332.79M574.71M590.69M-9.96M778.80M533.36M568.86M547.39M465.79M514.51M574.78M823.45M869.23M1.07B1.18B1.19B1.02B1.43B1.47B814.01M887.40M954.27M965.83M--1.33B1.72B1.57B1.59B1.83B
Diluted EPS 0.500.870.960.801.001.161.661.280.821.471.813.103.21-0.064.333.233.513.473.093.433.885.595.967.418.278.447.3010.3910.776.010.670.720.73--1.031.351.241.261.45
R&D Expense 170.57M174.48M185.98M188.93M196.77M217.87M234.21M220.75M221.49M235.24M246.80M265.99M275.08M281.31M305.41M291.67M285.56M318.51M286.83M318.86M307.91M355.37M375.17M381.12M382.33M403.64M407.12M433.38M462.38M429.45M422.63M469.71M512.27M495.36M494.95M525.90M-576.45M573.30M583.20M

Profit & Loss (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Revenue --------8.01B11.08B9.65B10.04B14.63B17.23B17.43B14.91B18.44B
Cost of Revenue -------------9.36B9.65B7.85B9.46B
Gross Profit 388.73M969.93M1.50B1.08B1.40B2.01B2.28B2.62B3.60B5.17B4.36B4.61B6.81B7.87B7.78B7.05B8.98B
Operating Expenses -------------2.49B2.56B2.77B3.08B
Operating Income -281.24M425.41M804.28M237.73M118.07M677.67M788.04M1.07B1.90B3.21B2.46B2.67B4.48B5.38B5.22B4.28B5.90B
EBITDA -------------5.71B5.64B4.91B6.52B
Interest Expense -------------184.76M186.46M185.24M178.20M
Pretax Income -------------5.19B5.11B4.36B5.96B
Tax Provision -------------587.83M598.28M532.45M599.91M
Net Income -302.15M346.67M723.75M168.72M113.88M632.29M655.58M914.05M1.70B2.38B2.19B2.25B3.91B4.61B4.51B3.83B5.36B
Diluted EPS -2.412.715.791.350.663.623.705.229.2413.1713.7015.1026.903.273.322.904.15
R&D Expense 288.27M320.86M373.29M444.56M683.69M716.47M825.24M913.71M1.03B1.19B1.19B1.25B1.49B1.60B1.73B1.90B2.10B

Compounded Sales Growth

5 Years:2.29%
1 Year:23.80%

Compounded Profit Growth

5 Years:5.18%
1 Year:40.80%

Stock Price Performance

1 Year:+296.72%
6 Months:+110.02%
3 Months:+36.20%
1 Month:+27.91%

Balance Sheet (Annual)

Figures in USD.

Metric Jun 2008Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Assets --2.49B4.05B8.00B7.25B7.99B9.36B12.26B12.12B12.48B12.00B14.56B-17.20B18.78B18.74B21.35B
Current Assets --------------12.29B13.23B12.88B14.52B
Cash & Equivalents 732.54M374.17M545.77M1.49B1.56B1.16B1.45B1.50B5.04B2.38B4.51B3.66B4.92B-3.52B5.34B5.85B6.39B
Inventory --------------3.97B4.82B4.22B4.31B
Receivables --------------4.31B2.82B2.52B3.38B
Total Liabilities --719.26M1.58B2.68B2.57B2.78B4.02B6.16B5.14B5.90B7.28B9.38B-10.92B10.57B10.21B11.48B
Current Liabilities --558.66M680.76M1.43B1.40B1.58B2.63B2.42B2.95B3.15B2.37B3.16B-4.56B4.18B4.34B6.57B
Long Term Debt ---900.66M749.30M777.40M806.90M993.96M3.38B1.78B1.76B3.77B4.96B-4.96B4.96B4.47B3.72B
Total Debt --------------5.01B5.01B4.98B4.48B
Total Equity 1.78B1.45B1.77B2.47B5.13B4.49B5.03B5.10B5.89B6.82B6.50B4.67B5.17B-6.28B8.21B8.54B9.86B
Shares Outstanding --------------2.94B2.95B2.95B2.96B

Cash Flows (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Operating Cash Flow -78.13M350.71M881.03M499.03M719.93M---2.03B2.66B3.18B2.13B-3.10B5.18B4.65B6.17B
Investing Cash Flow 6.00M-103.36M-479.91M269.73M-238.64M----2.05B2.75B-1.64B-244.08M-612.27M-534.56M-370.61M-708.09M
Financing Cash Flow -260.83M-72.66M526.99M-692.75M-887.79M----2.63B-3.27B-2.39B-623.93M--4.58B-2.83B-4.00B-4.94B
Capital Expenditure --------------546.03M-501.57M-396.67M-759.19M
Free Cash Flow -------------2.55B4.68B4.26B5.41B
Net Change in Cash --------------866.99M1.81B285.81M528.53M
Share Buybacks 30.95M93.03M211.32M772.66M955.66M244.86M573.24M158.39M811.67M2.65B3.78B1.37B2.70B3.87B2.02B2.84B3.42B
Dividends Paid -----0116.06M190.40M243.50M307.61M678.35M656.84M726.99M815.29M907.91M1.02B1.15B

Ratios (Annual)

Figures in %.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Gross Margin % --------45.0%46.6%45.1%45.9%46.5%45.7%44.6%47.3%48.7%
Operating Margin % --------23.7%29.0%25.5%26.6%30.6%31.2%29.9%28.7%32.0%
Net Margin % --------21.2%21.5%22.7%22.4%26.7%26.7%25.9%25.7%29.1%
ROE % -20.8%19.6%29.3%3.3%2.5%12.6%12.8%15.5%24.9%36.6%46.9%43.5%-73.4%54.9%44.8%54.3%
ROCE % -22.1%23.8%3.6%2.0%10.6%11.7%10.9%20.7%34.4%25.6%23.5%-42.6%35.7%29.7%39.9%

Shareholding Pattern

Insiders
0.28%
Institutions
88.13%
Public Float
88.37%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 10.62% 132.85M $42.27B
2 Vanguard Capital Management LLC 6.49% 81.16M $25.82B
3 State Street Corporation 4.73% 59.16M $18.82B
4 Vanguard Portfolio Management LLC 2.96% 37.06M $11.79B
5 Geode Capital Management, LLC 2.81% 35.18M $11.19B
6 FMR, LLC 2.68% 33.57M $10.68B
7 JPMORGAN CHASE & CO 2.62% 32.71M $10.41B
8 Invesco Ltd. 1.94% 24.26M $7.72B
9 Ameriprise Financial, Inc. 1.66% 20.79M $6.61B
10 Morgan Stanley 1.52% 18.97M $6.04B

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