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Lam Research Corporation (LRCX)

POSITIVE
TechnologySemiconductor Equipment & MaterialsUnited States

Price

$366.81

Market Cap

$458.72B

Fundamental

69

Technical

85

Composite

74

AI Analysis

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Overview

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.

Balance Sheet & Liquidity

Revenue

$5.84B

Net Income

$1.83B

Free Cash Flow

$807M

Total Equity

$10.58B

Total Liabilities

$10.21B

Current Ratio

2.54

Interest Coverage

-

Debt/EBITDA

4.99

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Fair Value Estimation

Overvalued

Fair Value

$224.38

Current Price

$366.81

Margin of Safety

-63.5%

Fair Value Range

$145.85 - $302.92

Estimation Methods

Analyst Target:$323.38
DCF:$98.13
PE-based:$217.68
Graham Growth:$247.84
EPV:$31.87
Analyst Consensus:Strong Buy (34B / 8H / 0S)
Last Earnings Surprise:+4.93%

Valuation Metrics

P/E Ratio

251.24

ROE

17.2%

P/B Ratio

43.34

P/FCF

568.54

Gross Margin

49.8%

ROIC

10.4%

Value Creation (Economic Moat)

ROIC

10.4%

WACC

14.3%

ROIC − WACC

-3.9 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (19)

  • EPS shows upward trend
  • EPS CAGR 8.85%
  • Price CAGR 42.58%
  • ROIC 10.4%
  • Gross Margin 49.8%
  • Debt/Equity ratio
  • Operating Margin 35.0%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 65.8%
  • Revenue Growth 5Y 12.9%
  • Analyst Consensus 81% Buy
  • Earnings Surprise avg 5.1%
  • Share Dilution -0.4%
  • Net Margin Trend 31.2% vs 29.8%
  • Piotroski F-Score 8/9

Failed (7)

  • P/FCF 568.54
  • P/B Ratio 43.34
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • PEG Ratio 3.05
  • Earnings Quality (OCF/NI) 0.63

Unavailable (2)

  • Dividend Payout NaN%
  • Interest Coverage

Price Chart

Technical Indicators

RSI (14)

68.54

SMA 50

$285.93

SMA 200

$204.48

MACD

2.46

Volatility

3.3%

Momentum (12m)

300.2%

RSI 68.5, SMA trend bullish, momentum 300.2%.

Piotroski F-Score

8/9

Strong financial health

score
criteria

Earnings Quality

0.63

Moderate: some gap between profits and cash

Share Dilution

-40.0%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Timothy M. ArcherPresident, CEO & Director58
Mr. Douglas R. BettingerExecutive VP & CFO58
Mr. Seshasayee VaradarajanExecutive VP & COO50
Ms. Ava A. Harter J.D.Senior VP, Chief Legal Officer & Secretary55
Ms. Christina C. CorreiaChief Accounting Officer & Group VP55
Mr. Vahid Vahedi Ph.D.Senior VP, Chief Technology & Sustainability Officer59
Mr. Ram GaneshVice President of Investor Relations-
Mr. Steve FineGroup VP & Chief Communication Officer-
Ms. Mary Teresa HassettSenior VP & Chief Human Resources Officer51
Mr. Karthik RammohanSenior Vice President of Global Operations & Enterprise Solutions-

Audit Risk

3

Board Risk

2

Compensation Risk

4

Shareholder Rights Risk

1

Latest News

Recent headlines for LRCX, sourced from Markets Gazette.

  • 4/24/2026POSITIVE
    Here's How Much You Would Have Made Owning Lam Research Stock In The Last 15 Years

    Owning Lam Research Corporation (LRCX) stock over the past 15 years would have yielded substantial returns. While specific figures are not provided in the snippet, the title implies a significant positive performance, likely outperforming broader market indices. This historical performance suggests strong business execution, technological leadership in the semiconductor equipment manufacturing sector, and effective capital allocation by the company. Investors who held LRCX would have benefited from the secular growth trends in semiconductors, driven by demand for advanced computing, AI, and mobile devices.

  • 4/22/2026NEUTRAL
    Lam Research Q3 2026 Earnings Call: Complete Transcript

    Lam Research Corporation's Q3 2026 earnings call transcript has been released. While specific financial figures and forward-looking statements are detailed within the full transcript, the mere publication of the earnings call details does not inherently signal a positive or negative market movement. Investors will need to analyze the content for key metrics such as revenue, earnings per share, guidance, and management commentary on market conditions and future demand for wafer fabrication equipment. The transcript provides the raw material for analysis, but the market's reaction will depend on the substance of the information disclosed.

  • 4/14/2026POSITIVE
    Here's How Much $1000 Invested In Lam Research 20 Years Ago Would Be Worth Today

    An investment of $1000 in Lam Research Corporation (LRCX) made 20 years ago would have grown to an estimated $137,000 today, reflecting a remarkable compound annual growth rate (CAGR) of approximately 25%. This substantial appreciation is driven by the company's consistent performance in the semiconductor equipment manufacturing sector, marked by technological innovation and strong demand cycles for wafer fabrication equipment. Investors who held LRCX through various market conditions have benefited from its strategic positioning in a high-growth industry, underscoring the long-term wealth creation potential of well-chosen technology stocks.

  • 3/27/2026POSITIVE
    Here's How Much $100 Invested In Lam Research 20 Years Ago Would Be Worth Today

    An investment of $100 in Lam Research Corporation (LRCX) made 20 years ago would have grown to a substantial amount today, underscoring the company's significant long-term growth trajectory. While the exact current valuation is not provided in this snippet, historical performance data indicates exceptional returns for shareholders. This performance is likely driven by consistent innovation and market leadership in the semiconductor manufacturing equipment sector, a critical industry for technological advancement. Investors who held LRCX over the past two decades have benefited from the company's ability to capitalize on the increasing demand for advanced chip technologies.

  • 3/5/2026POSITIVE
    Lam Research Shares Hit Intraday High After Key Trading Signal

    Lam Research shares (LRCX) hit an intraday high after a significant trading signal flashed at $219.24. The stock reacted with a nearly 3% surge. This event suggests potential bullish interest from market participants, possibly triggered by technical analysis or unexpected order flows. For investors, this signal indicates a possible trend reversal or strengthening positive momentum, warranting further observation to confirm the sustainability of the move.

  • 3/3/2026NEUTRAL
    Price Over Earnings Overview: Lam Research

    Lam Research Corporation, a key player in the semiconductor equipment sector, is the focus of an analysis comparing its price to earnings. While specific figures are not provided in this excerpt, the emphasis on the price-to-earnings ratio suggests an ongoing valuation. Investors closely monitor these ratios to assess whether a stock is overvalued or undervalued relative to its profit-generating capacity. A thorough examination of this metric is crucial for determining the company's financial health and future prospects in the dynamic chip market.

via Markets Gazette

Disclaimer

This platform is for educational purposes only. It does not provide financial, investment, or trading advice. All scores, valuations, and signals are based on automated analysis of publicly available data that may be incomplete or inaccurate. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

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