Market Cap: 502.5045B; Mega Cap
P/E Ratio: 75.82; Fwd: 51.02
EPS (TTM): $5.3
Div. Yield: 0.27%

LR

LRCXNASDAQ— Lam Research Corp Price & Analysis

Lam Research Corp

TECHNOLOGY — SEMICONDUCTOR EQUIPMENT & MATERIALS

$379.09

-$22.73-5.66%

Market Cap: 502.5045B; Mega Cap
P/E Ratio: 75.82; Fwd: 51.02
EPS (TTM): $5.3
Div. Yield: 0.27%

Technical Summary

RSI (14)57.90Neutral

SMA (50)$310.17Bullish

SMA (200)$216.85Bullish

MACD23.9482Bullish

Bollinger$294.33 – $416.76Mid

Stochastic76.79Neutral

Theo Outlook

Lam Research (LRCX) presents a bullish thesis supported by its $474.079B market capitalization, trailing P/E of 71.39, forward P/E of 47.85, TTM EPS of $5.31, and 23.8% year-over-year quarterly revenue growth. The company’s strong profitability metrics, including a 30.9% profit margin and 66.8% return on equity, position it well within the semiconductor equipment sector amid ongoing chip demand. High valuation reflects growth expectations, with revenue TTM reaching $21.68B.

Key catalysts include robust earnings momentum from 23.8% quarterly revenue growth and 40.8% quarterly earnings growth, alongside expansion in front-end wafer processing and back-end packaging markets. Product innovation in semiconductor fabrication equipment and increasing adoption in AI and advanced node technologies are driving market share gains, supported by analyst ratings showing 4 strong buy and 25 buy recommendations with a $340.58 target price.

Risks encompass macro headwinds such as cyclical semiconductor downturns and potential regulatory scrutiny on tech exports, mitigated by Lam’s diversified global operations and 88.1% institutional ownership. Competitive pressures from peers are addressed through its specialized MEMS and WLP equipment portfolio, while high beta of 1.87 underscores volatility that can be managed via long-term holding strategies. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

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: 21.6818B
EBITDA: 7.8478B
Gross Profit: 10.8363B
Operating Margin: 35.0%
Profit Margin: 30.9%
ROE: 66.8%
Book Value: $8.46
Beta: 1.868
52-Wk High: $409.75
52-Wk Low: $90.44
Avg Volume: 19.1446M
PEG Ratio: 2.332

Frequently Asked Questions

What is Lam Research's business model?

Lam Research designs, manufactures, and services semiconductor processing equipment for integrated circuit fabrication, focusing on front-end wafer processing and back-end packaging. The company generates revenue primarily through equipment sales and services to chipmakers, with TTM revenue of $21.68B and EPS of $5.31.

What are Lam Research's main revenue sources?

Revenue comes mainly from semiconductor equipment for wafer processing, including transistors and interconnects, plus back-end WLP and MEMS markets. TTM revenue stands at $21.68B with 23.8% quarterly growth, supported by a 30.9% profit margin.

What competitive advantages does Lam Research have?

Lam holds advantages in specialized equipment for advanced nodes and AI chips, with 66.8% ROE and strong analyst support (4 strong buy ratings). Its $474B market cap and 88.1% institutional ownership reflect leadership in the semiconductor equipment space.

What are the key risks for Lam Research stock?

Key risks include semiconductor industry cycles, export regulations, and high valuation with a 71.39 P/E ratio. These are mitigated by diversified operations, 0.25% dividend yield, and upcoming dividend date of July 8, 2026.

What is the growth outlook for Lam Research?

Growth outlook is positive with 23.8% revenue growth, 40.8% earnings growth, and forward P/E of 47.85. Analysts target $340.58 per share amid AI-driven demand, with latest quarter ending March 31, 2026.

Trading Data

Open: $385
Previous Close: $401.82
Day Range: $374.4 – $389.88
Volume: 19.5221M
Shares Outstanding: 1.2506B
Analyst Target: $340.58

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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: 21.6818B
EBITDA: 7.8478B
Gross Profit: 10.8363B
Operating Margin: 35.0%
Profit Margin: 30.9%
ROE: 66.8%
Book Value: $8.46
Beta: 1.868
52-Wk High: $409.75
52-Wk Low: $90.44
Avg Volume: 19.1446M
PEG Ratio: 2.332

Theo Outlook

Lam Research (LRCX) presents a bullish thesis supported by its $474.079B market capitalization, trailing P/E of 71.39, forward P/E of 47.85, TTM EPS of $5.31, and 23.8% year-over-year quarterly revenue growth. The company’s strong profitability metrics, including a 30.9% profit margin and 66.8% return on equity, position it well within the semiconductor equipment sector amid ongoing chip demand. High valuation reflects growth expectations, with revenue TTM reaching $21.68B.

Key catalysts include robust earnings momentum from 23.8% quarterly revenue growth and 40.8% quarterly earnings growth, alongside expansion in front-end wafer processing and back-end packaging markets. Product innovation in semiconductor fabrication equipment and increasing adoption in AI and advanced node technologies are driving market share gains, supported by analyst ratings showing 4 strong buy and 25 buy recommendations with a $340.58 target price.

Risks encompass macro headwinds such as cyclical semiconductor downturns and potential regulatory scrutiny on tech exports, mitigated by Lam’s diversified global operations and 88.1% institutional ownership. Competitive pressures from peers are addressed through its specialized MEMS and WLP equipment portfolio, while high beta of 1.87 underscores volatility that can be managed via long-term holding strategies. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Frequently Asked Questions

What is Lam Research's business model?

Lam Research designs, manufactures, and services semiconductor processing equipment for integrated circuit fabrication, focusing on front-end wafer processing and back-end packaging. The company generates revenue primarily through equipment sales and services to chipmakers, with TTM revenue of $21.68B and EPS of $5.31.

What are Lam Research's main revenue sources?

Revenue comes mainly from semiconductor equipment for wafer processing, including transistors and interconnects, plus back-end WLP and MEMS markets. TTM revenue stands at $21.68B with 23.8% quarterly growth, supported by a 30.9% profit margin.

What competitive advantages does Lam Research have?

Lam holds advantages in specialized equipment for advanced nodes and AI chips, with 66.8% ROE and strong analyst support (4 strong buy ratings). Its $474B market cap and 88.1% institutional ownership reflect leadership in the semiconductor equipment space.

What are the key risks for Lam Research stock?

Key risks include semiconductor industry cycles, export regulations, and high valuation with a 71.39 P/E ratio. These are mitigated by diversified operations, 0.25% dividend yield, and upcoming dividend date of July 8, 2026.

What is the growth outlook for Lam Research?

Growth outlook is positive with 23.8% revenue growth, 40.8% earnings growth, and forward P/E of 47.85. Analysts target $340.58 per share amid AI-driven demand, with latest quarter ending March 31, 2026.

LR