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Technology - Semiconductors - NASDAQ - US
$ 63.48
-2.15 %
$ 81.5 B
Market Cap
18.96
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LRCX stock under the worst case scenario is HIDDEN Compared to the current market price of 63.5 USD, Lam Research Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LRCX stock under the base case scenario is HIDDEN Compared to the current market price of 63.5 USD, Lam Research Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one LRCX stock under the best case scenario is HIDDEN Compared to the current market price of 63.5 USD, Lam Research Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LRCX

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$90.0$90.0$85.0$85.0$80.0$80.0$75.0$75.0$70.0$70.0$65.0$65.0$60.0$60.0$55.0$55.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
14.9 B REVENUE
-14.48%
4.26 B OPERATING INCOME
-17.60%
3.83 B NET INCOME
-15.14%
4.65 B OPERATING CASH FLOW
-10.17%
-371 M INVESTING CASH FLOW
30.67%
-4 B FINANCING CASH FLOW
-41.16%
4.38 B REVENUE
4.99%
1.33 B OPERATING INCOME
5.51%
1.19 B NET INCOME
6.68%
742 M OPERATING CASH FLOW
-52.70%
-175 M INVESTING CASH FLOW
-58.64%
-935 M FINANCING CASH FLOW
25.74%
Balance Sheet Lam Research Corporation
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Current Assets 12.9 B
Cash & Short-Term Investments 5.85 B
Receivables 2.52 B
Other Current Assets 4.52 B
Non-Current Assets 5.86 B
Long-Term Investments 0
PP&E 2.46 B
Other Non-Current Assets 3.4 B
31.20 %13.44 %24.09 %13.14 %18.13 %Total Assets$18.7b
Current Liabilities 4.34 B
Accounts Payable 614 M
Short-Term Debt 505 M
Other Current Liabilities 3.22 B
Non-Current Liabilities 5.87 B
Long-Term Debt 4.48 B
Other Non-Current Liabilities 1.39 B
6.02 %4.95 %31.55 %43.88 %13.60 %Total Liabilities$10.2b
EFFICIENCY
Earnings Waterfall Lam Research Corporation
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Revenue 14.9 B
Cost Of Revenue 7.85 B
Gross Profit 7.05 B
Operating Expenses 2.79 B
Operating Income 4.26 B
Other Expenses 436 M
Net Income 3.83 B
16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0015b(8b)7b(3b)4b(436m)4bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
47.32% GROSS MARGIN
47.32%
28.61% OPERATING MARGIN
28.61%
25.68% NET MARGIN
25.68%
44.82% ROE
44.82%
20.42% ROA
20.42%
25.10% ROIC
25.10%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Lam Research Corporation
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5b5b5b5b4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 3.83 B
Depreciation & Amortization 360 M
Capital Expenditures -397 M
Stock-Based Compensation 293 M
Change in Working Capital 360 M
Others -587 M
Free Cash Flow 4.26 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Lam Research Corporation
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Wall Street analysts predict an average 1-year price target for LRCX of $507 , with forecasts ranging from a low of $75 to a high of $1.15 K.
LRCX Lowest Price Target Wall Street Target
75 USD 18.15%
LRCX Average Price Target Wall Street Target
507 USD 699.39%
LRCX Highest Price Target Wall Street Target
1.15 K USD 1711.59%
Price
Max Price Target
Min Price Target
Average Price Target
1k1k1k1k80080060060040040020020000Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.32% DIVIDEND YIELD
0.23 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
6.0000000000000000006.0000000000000000005.0000000000000000005.0000000000000000004.0000000000000000004.0000000000000000003.0000000000000000003.0000000000000000002.0000000000000000002.0000000000000000001.0000000000000000001.0000000000000000000.0000000000000000000.0000000000000000000.451.11.31.51.72499999999999990.20.230.31.11.7250.21.11.151.72499999999999990.20.230.380.140.591.13.352.481.31.661.731.7255.100.23.850.230.860.232015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Lam Research Corporation
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Sold
0-3 MONTHS
6.69 M USD 1
3-6 MONTHS
125 K USD 1
6-9 MONTHS
529 K USD 1
9-12 MONTHS
38.5 M USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates. zacks.com - 1 week ago
Lam Research Set to Report Q3 Earnings: How to Play the Stock? LRCX's Q3 results are expected to reflect the benefits of a rebound in the semiconductor industry, driven by surging demand for memory and advanced AI applications. zacks.com - 1 week ago
Can Lam Research (LRCX) Keep the Earnings Surprise Streak Alive? Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. zacks.com - 2 weeks ago
Lam Research: Tides Have Turned, Buy This Semiconductor Refurbisher Lam Research is a leading player in the wafer fabrication equipment industry, crucial for semiconductor production, and is currently rated a buy. Despite a 40% decline from its peak, LRCX shows strong financial recovery with rising revenue, earnings, and cash flow, presenting a good buying opportunity. The semiconductor industry, worth $681 billion, and expected $200 billion WFE investment, indicates high future demand, benefiting LRCX despite stiff competition. seekingalpha.com - 2 weeks ago
Lam Research (LRCX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release Lam Research (LRCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 weeks ago
Lam Research Donates Leading-Edge Etch System to Accelerate Nanofabrication R&D at UC Berkeley FREMONT, Calif. , April 16, 2025 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) today announced the donation of its innovative multi-chamber semiconductor etching system to the Marvell Nanofabrication Laboratory at the University of California, Berkeley to advance research and development (R&D) for next-generation chip technologies. prnewswire.com - 2 weeks ago
US tariffs may cost chip equipment makers more than $1 billion, industry estimates Each of the three largest U.S. chip equipment makers — Applied Materials, Lam Research and KLA — may suffer a loss of roughly $350 million over a year related to the tariffs, the sources said. nypost.com - 2 weeks ago
Brokers Suggest Investing in Lam Research (LRCX): Read This Before Placing a Bet When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? zacks.com - 2 weeks ago
LRCX vs. ACMR: Which Semiconductor Equipment Stock is the Better Buy? Both Lam Research and ACM Research are essential players in the semiconductor manufacturing supply chain. Which stock is a better investment option? zacks.com - 3 weeks ago
Lam Research (LRCX) Surges 5.3%: Is This an Indication of Further Gains? Lam Research (LRCX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term. zacks.com - 3 weeks ago
Why Lam Research Stock Crushed the Market Today Chip fabrication equipment maker Lam Research (LRCX 5.04%) experienced a bit of a rally in its stock on Monday. A big researcher flagged the company as a fine bargain in the semiconductor universe, and investors took the recommendation to heart. fool.com - 3 weeks ago
8. Profile Summary

Lam Research Corporation LRCX

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COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 81.5 B
Dividend Yield 0.32%
Description Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
Contact 4650 Cushing Parkway, Fremont, CA, 94538 https://www.lamresearch.com
IPO Date May 4, 1984
Employees 18300
Officers Mr. Steve Fine Corporate Vice President & Chief Communication Officer Mr. Timothy M. Archer President, Chief Executive Officer & Director Mr. Vahid Vahedi Ph.D. Senior Vice President and Chief Technology & Sustainability Officer Dr. Patrick J. Lord Ph.D. Executive Vice President & Chief Operating Officer Mr. Seshasayee Varadarajan Senior Vice President of The Global Products Group Ms. Christina C. Correia Chief Accounting Officer & Group Vice President Ms. Ava A. Harter J.D. Senior Vice President, Chief Legal Officer & Secretary Mr. Douglas R. Bettinger Executive Vice President & Chief Financial Officer Mr. Ram Ganesh Vice President of Investor Relations Ms. Mary Teresa Hassett Senior Vice President & Chief Human Resources Officer