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Technology - Semiconductors - NASDAQ - US
$ 75.06
-1.01 %
$ 96 B
Market Cap
20.38
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LRCX stock under the worst case scenario is HIDDEN Compared to the current market price of 75.1 USD, Lam Research Corporation is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LRCX stock under the base case scenario is HIDDEN Compared to the current market price of 75.1 USD, Lam Research Corporation is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one LRCX stock under the best case scenario is HIDDEN Compared to the current market price of 75.1 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$55.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
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%
4.72 B REVENUE
7.86%
1.56 B OPERATING INCOME
17.08%
1.33 B NET INCOME
11.73%
1.31 B OPERATING CASH FLOW
76.38%
-293 M INVESTING CASH FLOW
-67.02%
-1.23 B FINANCING CASH FLOW
-31.79%
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 $471 , with forecasts ranging from a low of $70 to a high of $1.15 K.
LRCX Lowest Price Target Wall Street Target
70 USD -6.74%
LRCX Average Price Target Wall Street Target
471 USD 527.50%
LRCX Highest Price Target Wall Street Target
1.15 K USD 1432.11%
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
0 USD 0
6-9 MONTHS
654 K USD 2
9-12 MONTHS
38.1 M USD 3
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
10 Undervalued Dividend Growth Stocks: May 2025 I rank a selection of undervalued dividend growth stocks in Dividend Radar and present the top ten stocks for consideration. I use two valuation screens, one based on my fair value estimate, and another comparing each stock's forward dividend yield with its 5-year average dividend yield. To rank stocks, I do a quality assessment and sort candidates by quality scores, breaking ties with additional metrics. seekingalpha.com - 1 week ago
AMAT vs. LRCX: Which Semiconductor Equipment Stock is the Better Buy? Both Applied Materials and Lam Research are essential players in the semiconductor equipment space. Which one is a better investment option? zacks.com - 2 weeks ago
Is Lam Research (LRCX) Stock Outpacing Its Computer and Technology Peers This Year? Here is how Lam Research (LRCX) and Daikin Industries (DKILY) have performed compared to their sector so far this year. zacks.com - 2 weeks ago
2 Jim Cramer Stock Picks To Buy in May “Mad Money” TV show host Jim Cramer is a popular, though somewhat over-the-top showman. 247wallst.com - 2 weeks ago
3 Stocks to Buy for Earnings Acceleration in May: LRCX, U, GPOR Lam Research, Unity Software and Gulfport Energy are exhibiting strong earnings acceleration. zacks.com - 2 weeks ago
Lam Research (LRCX) Just Reclaimed the 50-Day Moving Average After reaching an important support level, Lam Research (LRCX) could be a good stock pick from a technical perspective. LRCX surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. zacks.com - 2 weeks ago
Top Wide-Moat Stocks to Invest in for Long-Term Growth Investing in wide-moat stocks like PFE, ASML, LRCX and KO can be a strategy for long-term wealth creation due to their ability to deliver consistent returns. zacks.com - 2 weeks ago
Top 50 High-Quality Dividend Stocks For May 2025 I track 50 high-quality dividend growth stocks to identify opportune investments, updating valuation ratings daily to focus on attractive opportunities. Despite a market sell-off, my investable universe outperformed SPY and SCHD year-to-date, with a loss of -1.83% compared to -5.49% and -4.64%. This month, 17 stocks had valuation rating changes; 10 were upgrades, including Jack Henry & Associates, West Pharma, and EOG Resources, all with strong expected returns. seekingalpha.com - 2 weeks ago
Top 15 High-Growth Dividend Stocks To Consider For May 2025 My Top 15 High-Growth Dividend stocks for April 2025 outperformed SPY and VIG, posting a 0.12% gain versus SPY's -0.87% and VIG's -1.53%. Year-to-date, the Top 15 list returned -0.36%, outperforming VIG's -2.46% and SPY's -5.40%, aiming for a long-term 12% return. The May 2025 Top 15 stocks offer a 1.33% average dividend yield with a 21.25% 5-year dividend growth rate and are 29% undervalued. seekingalpha.com - 2 weeks ago
Does Lam Research (LRCX) Have the Potential to Rally 26.77% as Wall Street Analysts Expect? The average of price targets set by Wall Street analysts indicates a potential upside of 26.8% in Lam Research (LRCX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. zacks.com - 2 weeks ago
Here's Why Lam Research (LRCX) is a Strong Momentum Stock Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. zacks.com - 2 weeks ago
Is Lam Research (LRCX) a Buy as Wall Street Analysts Look Optimistic? Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? zacks.com - 2 weeks ago
8. Profile Summary

Lam Research Corporation LRCX

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COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 96 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 Mr. Steve Fine Corporate Vice President & Chief Communication Officer Ms. Mary Teresa Hassett Senior Vice President & Chief Human Resources Officer Mr. Vahid Vahedi Ph.D. Senior Vice President and Chief Technology & Sustainability Officer Mr. Seshasayee Varadarajan Senior Vice President of The Global Products Group Ms. Christina C. Correia Chief Accounting Officer & Group Vice President Mr. Ram Ganesh Vice President of Investor Relations Ms. Ava A. Harter J.D. Senior Vice President, Chief Legal Officer & Secretary Dr. Patrick J. Lord Ph.D. Executive Vice President & Chief Operating Officer Mr. Timothy M. Archer President, Chief Executive Officer & Director Mr. Douglas R. Bettinger Executive Vice President & Chief Financial Officer