image
Lam Research Corporation LRCX
Technology - Semiconductors - NASDAQ - US
Watchlist
$ 98.81
-0.0202 %
$ 126 B
Market Cap
27.52
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one LRCX stock under the worst case scenario is HIDDEN Compared to the current market price of 98.8 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one LRCX stock under the base case scenario is HIDDEN Compared to the current market price of 98.8 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one LRCX stock under the best case scenario is HIDDEN Compared to the current market price of 98.8 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart LRCX

image
1M 7.0%
6M 30%
1Y 9%
3Y 115.0%
5Y 193%
All
$100.0$100.0$95.0$95.0$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$55.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
14.9 B REVENUE
-14.48%
Growth Rates
1Year -14.48%
3Years 0.63%
5Years 9.08%
7Years 9.27%
10Years 12.46%
4.26 B OPERATING INCOME
-17.60%
Growth Rates
1Year -17.60%
3Years -1.65%
5Years 11.59%
7Years 12.22%
10Years 20.19%
3.83 B NET INCOME
-15.14%
Growth Rates
1Year -15.14%
3Years -0.69%
5Years 11.80%
7Years 12.32%
10Years 19.73%
4.65 B OPERATING CASH FLOW
-10.17%
Growth Rates
1Year -10.17%
3Years 9.04%
5Years 7.93%
7Years 12.58%
10Years 20.56%
-371 M INVESTING CASH FLOW
30.67%
Growth Rates
1Year 30.67%
3Years -82.30%
5Years 25.70%
7Years 21.73%
10Years -3.40%
-4 B FINANCING CASH FLOW
-41.16%
Growth Rates
1Year -41.16%
3Years 1.39%
5Years -10.83%
7Years -6.14%
10Years -37.73%
4.72 B REVENUE
7.86%
Growth Rates
1Year -14.48%
3Years 0.63%
5Years 9.08%
7Years 9.27%
10Years 12.46%
1.56 B OPERATING INCOME
17.08%
Growth Rates
1Year -17.60%
3Years -1.65%
5Years 11.59%
7Years 12.22%
10Years 20.19%
1.33 B NET INCOME
11.73%
Growth Rates
1Year -15.14%
3Years -0.69%
5Years 11.80%
7Years 12.32%
10Years 19.73%
1.31 B OPERATING CASH FLOW
76.38%
Growth Rates
1Year -10.17%
3Years 9.04%
5Years 7.93%
7Years 12.58%
10Years 20.56%
-293 M INVESTING CASH FLOW
-67.02%
Growth Rates
1Year 30.67%
3Years -82.30%
5Years 25.70%
7Years 21.73%
10Years -3.40%
-1.23 B FINANCING CASH FLOW
-31.79%
Growth Rates
1Year -41.16%
3Years 1.39%
5Years -10.83%
7Years -6.14%
10Years -37.73%
Balance Sheet Lam Research Corporation
image
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
image
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%
Averages
1Year 47.32%
3Years 45.88%
5Years 46.01%
7Years 45.97%
10Years 45.47%
28.61% OPERATING MARGIN
28.61%
Averages
1Year 28.61%
3Years 29.85%
5Years 29.36%
7Years 28.76%
10Years 25.83%
25.68% NET MARGIN
25.68%
Averages
1Year 25.68%
3Years 26.10%
5Years 25.49%
7Years 24.52%
10Years 22.08%
44.82% ROE
44.82%
Averages
1Year 44.82%
3Years 57.71%
5Years 56.28%
7Years 52.00%
10Years 41.55%
20.42% ROA
20.42%
Averages
1Year 20.42%
3Years 23.74%
5Years 22.26%
7Years 21.23%
10Years 17.71%
25.10% ROIC
25.10%
Averages
1Year 25.10%
3Years 31.33%
5Years 29.06%
7Years 27.31%
10Years 22.69%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Lam Research Corporation
image
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
image
Wall Street analysts predict an average 1-year price target for LRCX of $377 , with forecasts ranging from a low of $70 to a high of $1.15 K.
LRCX Lowest Price Target Wall Street Target
70 USD -29.16%
LRCX Average Price Target Wall Street Target
377 USD 281.74%
LRCX Highest Price Target Wall Street Target
1.15 K USD 1063.85%
Price
Max Price Target
Min Price Target
Average Price Target
1k1k1k1k80080060060040040020020000Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
0.32% DIVIDEND YIELD
0.23 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.90000.90000.80000.80000.70000.70000.60000.60000.50000.50000.40000.40000.30000.30000.20000.20000.10000.10000.00000.00000.030.0450.050.110.1150.130.150.17250.20.230.030.030.0450.110.110.1150.130.150.17250.20.230.030.030.0450.110.1150.130.150.17250.20.230.030.110.0450.140.050.190.110.380.1150.450.130.490.150.560.17250.650.20.740.230.860.462015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Lam Research Corporation
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
6.69 M USD 1
6-9 MONTHS
125 K USD 1
9-12 MONTHS
529 K USD 1
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
How Lam Research Stock Gets To $200 Lam Research (NASDAQ: LRCX), a prominent supplier of equipment for chip fabrication, is poised to gain from the increasing capital expenditures driven by the burgeoning generative artificial intelligence industry. While AI leader Nvidia (NASDAQ: NVDA) grabs attention with its stock price soaring more than 3 times over the last two years and its valuation approaching $4 trillion, less known companies like Lam play an essential role in the manufacturing of the AI chips that Nvidia markets. forbes.com - 2 weeks ago
Lam Research (LRCX) Exceeds Market Returns: Some Facts to Consider Lam Research (LRCX) concluded the recent trading session at $98.83, signifying a +2.09% move from its prior day's close. zacks.com - 2 weeks ago
ASML vs. LRCX: Which Semiconductor Equipment Stock Is the Better Buy? Lam Research edges out ASML Holding as the better buy, with stronger stock gains, expanding margins, growing AI-driven demand and lower valuation. zacks.com - 2 weeks ago
Top 50 High-Quality Dividend Stocks For July 2025 I track 50 high-quality dividend growth stocks to identify opportune investments, updating valuation ratings daily to focus on attractive opportunities. In this turbulent year, my investable universe kept up with SPY and outperformed SCHD year-to-date, with a gain of 5.63% compared to 5.72% and -2.13%. This month, 18 stocks had valuation rating changes; 5 were upgrades, including Paychex with an attractive expected return. seekingalpha.com - 2 weeks ago
Top 15 High-Growth Dividend Stocks For July 2025 My Top 15 High-Growth Dividend Stocks outperformed SPY and VIG in June, gaining 6.15% versus SPY's 5.14% and VIG's 3.41%. The list's year-to-date return is 12.59%, beating SPY every month in 2025, though still a bit short of my 12% annualized target. The July 2025 Top 15 stocks offer a 1.38% average dividend yield with an 18.78% 5-year dividend growth rate and are 23% undervalued. seekingalpha.com - 2 weeks ago
Why Lam Research (LRCX) Could Beat Earnings Estimates Again 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
Cramer's Mad Dash: Lam Research Jim Cramer breaks down why he's keeping an eye on shares of Lam Research. youtube.com - 2 weeks ago
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP. zacks.com - 2 weeks ago
Will Dextro Cobot Accelerate LRCX's CSBG Growth With AI Precision? Lam Research's AI-powered Dextro cobot targets fab inefficiencies, aiming to drive CSBG growth and expand margins through automation. zacks.com - 2 weeks ago
These Are the Best Stocks You Can Buy With $1,000 Right Now The stock market has recovered nearly all the losses that were sparked by fear of a new trade war. The benchmark S&P 500 index finished June 25 less than a percentage point below its all-time high. fool.com - 3 weeks ago
Market Participants Reaffirm S&P 500's Ascent in 2025: 5 Picks APH, JBL, NEM, KLAC and LRCX have seen strong gains and bullish momentum for 2025 as S&P 500 quickly gains ground after April's turmoil. zacks.com - 3 weeks ago
Are Computer and Technology Stocks Lagging Lam Research (LRCX) This Year? Here is how Lam Research (LRCX) and Couchbase, Inc. (BASE) have performed compared to their sector so far this year. zacks.com - 3 weeks ago
8. Profile Summary

Lam Research Corporation LRCX

image
COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 126 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 18600
Officers Ms. Mary Teresa Hassett Senior Vice President & Chief Human Resources Officer Mr. Douglas R. Bettinger Executive Vice President & Chief Financial Officer Ms. Christina C. Correia Chief Accounting Officer & Group Vice President Mr. Seshasayee Varadarajan Senior Vice President of The Global Products Group Mr. Steve Fine Corporate Vice President & Chief Communication Officer Mr. Vahid Vahedi Ph.D. Senior Vice President and Chief Technology & Sustainability Officer Mr. Ram Ganesh Vice President of Investor Relations Mr. Timothy M. Archer President, Chief Executive Officer & Director Dr. Patrick J. Lord Ph.D. Executive Vice President & Chief Operating Officer Ms. Ava A. Harter J.D. Senior Vice President, Chief Legal Officer & Secretary