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LRCX Silicon, IP & Semicap Etch and deposition for memory and logic Open in compare

Lam Research

Lam is a critical supplier for etch and deposition steps used in advanced memory and logic manufacturing.

Price $268.95 Live
1D Change -3.33% 1 day
Market Cap $336.58B Live
Enterprise Value $345.73B Current
Trailing P/E 46.7 TTM
Forward P/E 22.9 Forward
PEG Ratio 1.33x Yahoo est.
Price / Sales 14.5 TTM
EV / Revenue 14.9 TTM
Revenue Growth 30.0% YoY latest qtr
Earnings Growth 34.8% YoY latest qtr
Gross Margin 50.5% TTM
Operating Margin 37.4% TTM
Net Margin 31.3% TTM
ROE 65.1% TTM
Free Cash Flow $3.09B TTM
FCF Margin 13.3% TTM
Debt / Equity 0.33x Latest qtr
Current Ratio 2.63x Latest qtr
Dividend Yield 0.49% Annualized
Next Earnings Oct 21, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $23.23B Jun 30, 2026

latest annual revenue

Revenue $6.72B Jun 30, 2026

latest quarterly revenue

Net Income $7.27B Jun 30, 2026

latest annual profit

Net Income $2.28B Jun 30, 2026

latest quarterly profit

Dividend / Share $1.32 Quarterly

annualized per share

Last Dividend $0.33 Sep 23, 2026

latest ex-dividend cash amount

Price chart

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Why it could benefit going forward

  • Lam is a critical supplier for etch and deposition steps used in advanced memory and logic manufacturing.
  • AI-driven HBM and DRAM demand can increase wafer starts and process complexity.
  • More complex chip structures tend to raise etch and deposition intensity.

Moat / edge

  • Strong position in memory process equipment.
  • Large installed base and recurring service revenue.
  • Technical depth in high-aspect-ratio etch and deposition.

What to watch

  • Memory capex recovery.
  • China exposure and export-rule changes.
  • Advanced packaging and gate-all-around opportunities.

Key risks

  • Memory spending is highly cyclical.
  • Policy restrictions can interrupt demand in important markets.

Business snapshot

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, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system designed to enhance etch precision, selectivity, and defect control; Argos, Prevos, and Selis, which are selective etch systems used in the fabrication of advanced logic and memory devices that require precise control at nanoscale dimensions; 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 deep silicon etch; 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; Sense.i platform products; and customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.