Lam Research (LRCX) Stock Insights

LRCX price $254.25 +13.39 +5.56%

Ticker
LRCX
Price
$254.25
Change
+13.39 +5.56%
Market cap ?
$318.17B
P/E ?
35.19
Forward P/E ?
26.23
Dividend yield ?
0.47%
Beta ?
1.85
Sector
Technology
Industry
Semiconductors
Stocklytics score
73
Value
49
Quality
88
Growth
83

Stocklytics score rationale: value 49, quality 88, growth 83.

Financials

2017201820192020202120222023202420252026
801362000011076998000965355900010044736000146261500001722703900017426706000149053860001843559100023232690000

Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit…

Fair value

LRCX fair value $205.65. Price $254.25. Price is 24% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 6.54B. Growth 19.24%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 1.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 1.25B. Net debt -1.46B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare LRCX

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-27—2.34—8.64B
2026-10-212.202.188.22B8.14B
2026-07-291.821.696.72B6.66B
2026-04-221.471.365.84B5.75B
2026-01-281.271.175.34B5.23B
2025-10-221.261.225.32B5.22B
2025-07-301.331.215.17B5.00B
2025-04-231.041.004.72B4.64B
2025-01-290.910.884.38B4.32B
2024-10-230.860.814.17B4.06B
2024-07-310.810.763.87B3.82B
2024-04-240.787.303.79B3.72B
2024-01-240.750.713.76B3.71B
2023-10-180.690.613.48B3.51B
2023-07-260.600.503.21B3.13B
2023-04-190.700.653.87B3.13B
2023-01-251.071.005.28B5.10B
2022-10-191.040.955.07B4.92B
2022-07-270.880.734.64B4.21B
2022-04-200.740.754.06B4.25B
2022-01-260.850.854.23B4.41B
2021-10-200.840.814.30B4.32B
2021-07-280.810.754.15B4.32B
2021-04-210.750.663.85B3.69B
2021-01-270.600.563.46B3.28B
2020-10-210.570.523.18B2.91B
2020-07-290.480.422.79B2.37B
2020-04-220.400.402.50B2.50B
2020-01-290.400.382.58B2.48B
2019-10-230.320.302.17B2.05B
2019-07-310.360.342.36B2.23B
2019-04-240.370.342.44B2.23B
2019-01-230.390.372.52B2.39B
2018-10-160.340.322.33B2.23B
2018-07-260.530.503.13B2.91B
2018-04-170.480.442.89B2.64B
2018-01-240.430.372.58B2.19B
2017-10-170.350.332.48B2.35B
2017-07-260.310.302.34B2.28B
2017-04-180.280.252.15B1.96B

Dividends

Yield 0.44%. Payout ratio 15.43%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 15% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 13 separate years. Yield is 0.4%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-09-23$0.332026-09-232026-10-14Quarterly
2026-06-17$0.262026-06-172026-07-08Quarterly
2026-03-04$0.262026-03-042026-04-08Quarterly
2025-12-03$0.262025-12-032026-01-07Quarterly
2025-09-24$0.262025-09-242025-10-15Quarterly
2025-06-18$0.232025-06-182025-07-09Quarterly
2025-03-05$0.232025-03-052025-04-09Quarterly
2024-12-11$0.232024-12-112025-01-08Quarterly
2024-09-17$0.232024-09-172024-10-01Quarterly
2024-06-18$0.202024-06-182024-07-10Quarterly
2024-03-12$0.202024-03-132024-04-03Quarterly
2023-12-12$0.202023-12-132024-01-03Quarterly
2023-09-12$0.202023-09-132023-10-04Quarterly
2023-06-13$0.172023-06-142023-07-05Quarterly
2023-03-14$0.172023-03-152023-04-05Quarterly
2022-12-13$0.172022-12-142023-01-04Quarterly
2022-09-13$0.172022-09-142022-10-05Quarterly
2022-06-14$0.152022-06-152022-07-06Quarterly
2022-03-15$0.152022-03-162022-04-06Quarterly
2021-12-14$0.152021-12-152022-01-05Quarterly
2021-09-27$0.152021-09-282021-10-13Quarterly
2021-06-15$0.132021-06-162021-07-07Quarterly
2021-03-16$0.132021-03-172021-04-07Quarterly
2020-12-08$0.132020-12-092021-01-06Quarterly
2020-09-29$0.132020-09-302020-10-14Quarterly
2020-06-16$0.122020-06-172020-07-08Quarterly
2020-03-24$0.122020-03-252020-04-08Quarterly
2019-12-10$0.122019-12-112020-01-08Quarterly
2019-09-30$0.122019-10-012019-10-16Quarterly
2019-06-11$0.112019-06-122019-07-10Quarterly
2019-03-19$0.112019-03-202019-04-10Quarterly
2018-12-04$0.112018-12-052018-12-26Quarterly
2018-09-11$0.112018-09-122018-09-26Quarterly
2018-06-05$0.112018-06-062018-06-27Quarterly
2018-03-06$0.052018-03-072018-03-28Quarterly
2017-12-05$0.052017-12-062018-01-10Quarterly
2017-09-12$0.042017-09-132017-10-04Quarterly
2017-06-05$0.042017-06-072017-06-28Quarterly
2017-03-06$0.042017-03-082017-03-29Quarterly
2016-12-12$0.042016-12-142017-01-04Quarterly
2016-09-12$0.032016-09-142016-09-28Quarterly
2016-06-06$0.032016-06-082016-06-29Quarterly
2016-03-07$0.032016-03-092016-04-06Quarterly
2015-12-07$0.032015-12-092016-01-06Quarterly
2015-09-04$0.032015-09-092015-09-30Quarterly
2015-06-08$0.032015-06-102015-07-01Quarterly
2015-03-09$0.022015-03-112015-04-01Quarterly
2014-12-08$0.022014-12-102015-01-07Quarterly
2014-09-08$0.022014-09-102014-10-01Quarterly
2014-06-09$0.022014-06-112014-07-02Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-23ARCHER TIMOTHYBuy31.40K$30.03943.04K
2026-10-23ARCHER TIMOTHYSell31.40K$227.027.13M
2026-10-23ARCHER TIMOTHYSell31.40K$30.03943.04K
2026-09-09ARCHER TIMOTHYBuy30.00K$30.03900.99K
2026-09-09ARCHER TIMOTHYSell30.00K$319.269.58M
2026-09-09ARCHER TIMOTHYSell30.00K$30.03900.99K
2026-09-09Mayer BethanySell9.56K$314.743.01M
2026-09-02Varadarajan SeshasayeeBuy27.48K$30.03825.31K
2026-09-02Varadarajan SeshasayeeBuy12.27K$59.88734.74K
2026-09-02Varadarajan SeshasayeeSell27.48K$291.328.01M
2026-09-02Varadarajan SeshasayeeSell12.27K$291.323.57M
2026-09-02Varadarajan SeshasayeeSell20.00K$291.325.83M
2026-09-02Varadarajan SeshasayeeSell12.27K$59.88734.74K
2026-09-02Varadarajan SeshasayeeSell27.48K$30.03825.31K
2026-08-31Harter AvaSell5.00K$302.461.51M
2026-08-06ARCHER TIMOTHYBuy30.00K$30.03900.99K
2026-08-06ARCHER TIMOTHYSell30.00K$300.009.00M
2026-08-06ARCHER TIMOTHYSell30.00K$30.03900.99K
2026-08-05Harter AvaSell5.79K$307.421.78M
2026-07-13TALWALKAR ABHIJIT YSell18.28K$335.006.12M
2026-07-02ARCHER TIMOTHYBuy30.00K$30.03900.99K
2026-07-02ARCHER TIMOTHYSell30.00K$390.0111.70M
2026-07-02ARCHER TIMOTHYSell30.00K$30.03900.99K
2026-06-12BRANDT ERICSell300$355.71106.71K
2026-06-12BRANDT ERICSell1.39K$357.24497.64K
2026-06-12BRANDT ERICSell1.10K$357.98393.78K
2026-06-12BRANDT ERICSell3.83K$359.081.37M
2026-06-12BRANDT ERICSell1.91K$360.15686.45K
2026-06-12BRANDT ERICSell819$361.21295.83K
2026-06-12BRANDT ERICSell2.71K$362.40981.38K
2026-06-12BRANDT ERICSell2.35K$363.33852.01K
2026-06-12BRANDT ERICSell2.30K$364.41838.14K
2026-06-12BRANDT ERICSell1.20K$365.16438.19K
2026-06-12BRANDT ERICSell5.80K$367.012.13M
2026-06-12BRANDT ERICSell4.03K$368.031.48M
2026-06-12BRANDT ERICSell4.20K$369.161.55M
2026-06-12BRANDT ERICSell5.04K$370.271.87M
2026-06-12BRANDT ERICSell8.23K$371.173.06M
2026-06-12BRANDT ERICSell7.70K$372.232.87M
2026-06-12BRANDT ERICSell1.60K$373.09596.94K
2026-06-11BRANDT ERICSell974$337.56328.78K
2026-06-11BRANDT ERICSell1.08K$338.62366.73K
2026-06-11BRANDT ERICSell1.90K$339.75643.83K
2026-06-11BRANDT ERICSell1.28K$340.68435.05K
2026-06-11BRANDT ERICSell1.07K$341.81365.74K
2026-06-11BRANDT ERICSell3.64K$342.911.25M
2026-06-11BRANDT ERICSell1.48K$343.96509.40K
2026-06-11BRANDT ERICSell3.21K$344.921.11M
2026-06-11BRANDT ERICSell2.83K$345.84979.42K
2026-06-11BRANDT ERICSell3.44K$346.791.19M
2026-06-11BRANDT ERICSell6.59K$347.862.29M
2026-06-11BRANDT ERICSell4.33K$348.731.51M
2026-06-11BRANDT ERICSell1.52K$349.79530.63K
2026-06-11BRANDT ERICSell36$350.7712.63K
2026-06-11BRANDT ERICSell1.17K$353.52414.33K
2026-06-11BRANDT ERICSell1.46K$354.08517.31K
2026-06-11BRANDT ERICSell1.33K$355.50473.17K
2026-06-11BRANDT ERICSell1.65K$356.27588.91K
2026-06-11BRANDT ERICSell1.46K$357.06519.52K
2026-06-11BRANDT ERICSell1.88K$358.22673.45K
2026-06-11BRANDT ERICSell780$359.24280.21K
2026-06-11BRANDT ERICSell664$360.24239.20K
2026-06-11BRANDT ERICSell1.76K$361.05634.00K
2026-06-11BRANDT ERICSell2.60K$362.20943.17K
2026-06-11BRANDT ERICSell5.72K$362.952.07M
2026-06-11BRANDT ERICSell642$364.00233.69K
2026-06-01Fernandes Neil JSell7.66K$309.602.37M
2026-05-01Fernandes Neil JSell18.17K$255.144.64M
2026-04-27Harter AvaBuy6.01K$77.04463.00K
2026-04-27Harter AvaSell6.01K$258.661.55M
2026-04-27Harter AvaSell6.01K$77.04463.00K
2026-03-27Vahedi VahidSell3.38K$233.89791.02K
2026-03-27Harter AvaSell3.20K$233.89748.21K
2026-03-10TALWALKAR ABHIJIT YSell4.57K——
2026-03-06Rammohan KarthikeyanOther0——
2026-03-06Rammohan KarthikeyanOther0——
2026-03-06Rammohan KarthikeyanOther0——
2026-03-06Rammohan KarthikeyanOther8.33K——
2026-03-04Bettinger Douglas RBuy26.48K$98.152.60M
2026-03-04Bettinger Douglas RBuy51.27K$49.092.52M
2026-03-04Bettinger Douglas RSell50.06K$224.0311.21M
2026-03-04Bettinger Douglas RSell26.48K$98.152.60M
2026-03-04Bettinger Douglas RSell51.27K$49.092.52M
2026-03-04Harter AvaSell1.50K$222.66333.99K
2026-03-02Bettinger Douglas RBuy11.71K$30.03351.69K
2026-03-02Bettinger Douglas RBuy37.98K$54.062.05M
2026-03-02Bettinger Douglas RSell40.33K$230.229.28M
2026-03-02Bettinger Douglas RBuy16.62K$59.88995.22K
2026-03-02Bettinger Douglas RSell16.62K$59.88995.22K
2026-03-02Bettinger Douglas RSell11.71K$30.03351.69K
2026-03-02Bettinger Douglas RSell37.98K$54.062.05M
2026-03-02Harter AvaSell4.00K$232.50930.00K
2026-02-27Bettinger Douglas RBuy12.55K——
2026-02-27Bettinger Douglas RSell38.14K$233.898.92M
2026-02-27Bettinger Douglas RSell2.83K$233.89660.97K
2026-02-27Bettinger Douglas RSell2.19K$233.89511.28K
2026-02-27Bettinger Douglas RSell5.53K$233.891.29M
2026-02-27Bettinger Douglas RBuy18.82K——
2026-02-27Varadarajan SeshasayeeBuy12.55K——
2026-02-27Varadarajan SeshasayeeSell26.13K$233.896.11M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 3.25K, holders +515 vs prior quarter. Ownership 86.52%.

HolderSharesChangeChange %Value
BLACKROCK, INC.132.73M-124.54K-0.09%57.51B
VANGUARD CAPITAL MANAGEMENT LLC81.68M527.89K+0.65%35.40B
STATE STREET CORP60.70M1.55M+2.61%26.32B
INVESCO LTD.52.32M26.11M+99.63%22.67B
JPMORGAN CHASE & CO45.32M12.60M+38.53%18.62B
VANGUARD PORTFOLIO MANAGEMENT LLC36.64M-425.43K-1.15%15.88B
GEODE CAPITAL MANAGEMENT, LLC34.51M-669.69K-1.90%14.92B
FMR LLC33.68M103.02K+0.31%14.59B
PRICE T ROWE ASSOCIATES INC /MD/24.60M11.36M+85.78%10.66B
MORGAN STANLEY19.22M246.66K+1.30%8.33B
NORGES BANK18.12M18.12MNew7.85B
AMERIPRISE FINANCIAL INC17.33M-3.45M-16.61%7.51B
NORTHERN TRUST CORP14.01M-174.86K-1.23%6.07B
FRANKLIN TEMPLETON INC13.07M1.27M+10.79%5.66B
GOLDMAN SACHS GROUP INC12.72M2.25M+21.44%5.51B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC12.51M-909.03K-6.77%5.42B
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP12.27M-910.62K-6.91%5.32B
BANK OF AMERICA CORP /DE/11.24M584.49K+5.48%4.87B
VAN ECK ASSOCIATES CORP11.09M8.92M+411.85%4.81B
LEGAL & GENERAL GROUP PLC10.37M-677.52K-6.13%4.50B
JUPITER TOPCO LLC9.88M9.88MNew4.28B
COATUE MANAGEMENT LLC9.44M-601.90K-5.99%4.09B
AMUNDI9.43M-721.33K-7.11%4.08B
NUVEEN, LLC9.23M-1.78M-16.17%4.00B
BANK OF NEW YORK MELLON CORP8.72M-214.87K-2.41%3.78B

Insights

Revenue by product
PeriodValue
FY2020Customer Support and Other: 3419606000.0, System: 6625130000.0
FY2021Customer Support and Other: 4861305000.0, System: 9764845000.0
FY2022Customer Support and Other: 5904768000.0, System: 11322271000.0
FY2023Customer Support and Other: 6732619000.0, System: 10695897000.0
FY2024Customer Support and Other: 5983743000.0, System: 8921643000.0
FY2025Customer Support and Other: 6944311000.0, System: 11491280000.0
FY2026Customer Support and Other: 8347202000.0, System: 14885488000.0
Revenue by region
PeriodValue
FY2011Asia Pacific: 492600000.0, Europe: 423148000.0, JAPAN: 405371000.0, KOREA, REPUBLIC OF: 756660000.0, TAIWAN, PROVINCE OF CHINA: 766910000.0, UNITED STATES: 393004000.0
FY2012Asia Pacific: 292963000.0, Europe: 244038000.0, JAPAN: 308189000.0, K P: 893549000.0, TAIWAN, PROVINCE OF CHINA: 467922000.0, UNITED STATES: 458531000.0
FY2013Asia Pacific: 573696000.0, Europe: 292432000.0, JAPAN: 368095000.0, K P: 603821000.0, TAIWAN, PROVINCE OF CHINA: 1026548000.0, UNITED STATES: 734324000.0
FY2014CHINA: 623408000.0, Europe: 303730000.0, JAPAN: 634131000.0, KOREA, REPUBLIC OF: 1127406000.0, South East Asia: 247398000.0, TAIWAN, PROVINCE OF CHINA: 1049214000.0, UNITED STATES: 622022000.0
FY2015CHINA: 661094000.0, Europe: 314546000.0, JAPAN: 623575000.0, KOREA, REPUBLIC OF: 1406617000.0, South East Asia: 278350000.0, TAIWAN, PROVINCE OF CHINA: 1084239000.0, UNITED STATES: 890891000.0
FY2016CHINA: 1039951000.0, Europe: 219394000.0, JAPAN: 983821000.0, KOREA, REPUBLIC OF: 1057331000.0, South East Asia: 605236000.0, TAIWAN, PROVINCE OF CHINA: 1485037000.0, UNITED STATES: 495123000.0
FY2017CHINA: 1023195000.0, Europe: 340644000.0, JAPAN: 1041969000.0, KOREA, REPUBLIC OF: 2480329000.0, South East Asia: 401877000.0, TAIWAN, PROVINCE OF CHINA: 2095669000.0, UNITED STATES: 629937000.0
FY2018CHINA: 1784436000.0, Europe: 577189000.0, JAPAN: 1882799000.0, KOREA, REPUBLIC OF: 3832798000.0, South East Asia: 781360000.0, TAIWAN, PROVINCE OF CHINA: 1397978000.0, UNITED STATES: 820438000.0
FY2019CHINA: 2161440000.0, Europe: 356227000.0, JAPAN: 1969869000.0, KOREA, REPUBLIC OF: 2205348000.0, South East Asia: 615813000.0, TAIWAN, PROVINCE OF CHINA: 1596261000.0, UNITED STATES: 748601000.0
FY2020CHINA: 3083916000.0, Europe: 308477000.0, JAPAN: 954743000.0, KOREA, REPUBLIC OF: 2391257000.0, South East Asia: 587638000.0, TAIWAN, PROVINCE OF CHINA: 1906223000.0, UNITED STATES: 812482000.0
FY2021CHINA: 5137886000.0, Europe: 463479000.0, JAPAN: 1363907000.0, KOREA, REPUBLIC OF: 3924685000.0, South East Asia: 945478000.0, TAIWAN, PROVINCE OF CHINA: 2117999000.0, UNITED STATES: 672716000.0
FY2022CHINA: 5411502000.0, Europe: 712021000.0, JAPAN: 1624573000.0, KOREA, REPUBLIC OF: 4037467000.0, South East Asia: 1357648000.0, TAIWAN, PROVINCE OF CHINA: 2936482000.0, UNITED STATES: 1147346000.0
FY2023CHINA: 4462663000.0, Europe: 1158278000.0, JAPAN: 1758364000.0, KOREA, REPUBLIC OF: 3551742000.0, South East Asia: 1354471000.0, TAIWAN, PROVINCE OF CHINA: 3477862000.0, UNITED STATES: 1665136000.0
FY2024CHINA: 6293990000.0, Europe: 706996000.0, JAPAN: 1460429000.0, KOREA, REPUBLIC OF: 2874015000.0, South East Asia: 794054000.0, TAIWAN, PROVINCE OF CHINA: 1671815000.0, UNITED STATES: 1104087000.0
FY2025CHINA: 6205062000.0, Europe: 562562000.0, JAPAN: 1880882000.0, KOREA, REPUBLIC OF: 4127766000.0, South East Asia: 837242000.0, TAIWAN, PROVINCE OF CHINA: 3445220000.0, UNITED STATES: 1376857000.0
FY2026CHINA: 7859811000.0, Europe: 698706000.0, JAPAN: 2171088000.0, KOREA, REPUBLIC OF: 4505327000.0, South East Asia: 1245931000.0, TAIWAN, PROVINCE OF CHINA: 5222915000.0, UNITED STATES: 1528912000.0

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Lam Research (LRCX) Stock Insights

LRCX$254.25+13.39 +5.56%

$318.17B

Market Cap

35.19

P/E

26.23

Forward P/E

73

Score

Price History