image
Lam Research Corporation LRCX
Technology - Semiconductors - NASDAQ - US
Watchlist
$ 90.49
-1.9 %
$ 116 B
Market Cap
25.21
P/E
1. INTRINSIC VALUE

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

The intrinsic value of one LRCX stock under the worst case scenario is HIDDEN Compared to the current market price of 90.5 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW

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

The intrinsic value of one LRCX stock under the base case scenario is HIDDEN Compared to the current market price of 90.5 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW

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

The intrinsic value of one LRCX stock under the best case scenario is HIDDEN Compared to the current market price of 90.5 USD, Lam Research Corporation is HIDDEN

LRCX Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart LRCX

image
1M 7.0%
6M 26%
1Y -19%
3Y 139%
5Y 186%
All
$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$55.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
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 -22.64%
LRCX Average Price Target Wall Street Target
377 USD 316.84%
LRCX Highest Price Target Wall Street Target
1.15 K USD 1170.86%
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
654 K USD 2
9-12 MONTHS
2.4 M USD 2
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
Lam Research (LRCX) Registers a Bigger Fall Than the Market: Important Facts to Note Lam Research (LRCX) reached $90.49 at the closing of the latest trading day, reflecting a -1.9% change compared to its last close. zacks.com - 2 weeks ago
Is Lam Research (LRCX) a Buy as Wall Street Analysts Look Optimistic? The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. zacks.com - 2 weeks ago
TSM vs. LRCX: Which Chip Supplier Stock Is the Smarter Pick? Lam Research outshines Taiwan Semiconductor Manufacturing with strong AI-driven demand, fewer risks and higher earnings growth expected in FY25. zacks.com - 2 weeks ago
LRCX Leans on CSBG & Semiverse Solutions: Will it Drive Growth? Lam Research bets on CSBG's steady revenues and Semiverse's innovation to offset cyclicality and outpace rivals in chipmaking. zacks.com - 2 weeks ago
Why Lam Research (LRCX) is a Top Stock for the Long-Term The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage. zacks.com - 2 weeks ago
5 Technology Heavyweights That Surged in H1 & Have Room to Run in H2 APH, INTU, OKTA, LRCX, and KLAC have surged in H1 2025 and are primed for more gains in the second half. zacks.com - 2 weeks ago
Lam Research (LRCX) Registers a Bigger Fall Than the Market: Important Facts to Note In the latest trading session, Lam Research (LRCX) closed at $89.52, marking a -2.33% move from the previous day. zacks.com - 3 weeks ago
Lam Research Bets Big on ALD and Dry EUV: Will This Pay Off? LRCX focuses on ALD and dry EUV tech to drive chip performance gains, but rivals and macro risks pose key challenges. zacks.com - 3 weeks ago
Buy LRCX Stock At $90? Lam Research (NASDAQ:LRCX) stock has experienced a notable increase this year, rising by 22% and significantly outperforming the S&P 500's modest gain of 2%. This remarkable performance can be attributed primarily to the company's solid quarterly results, fueled by strong foundry revenues and improving margins. forbes.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
The Highest-Quality Dividend Contenders By Quality Scores The article presents the highest-quality Dividend Contenders, companies listed on U.S. exchanges with higher annual dividend payouts for 10-24 consecutive years. I use a quality scoring system with six quality indicators, each worth five points, for a maximum score of 30. The highest-quality Dividend Contenders score four or five points for each quality indicator. seekingalpha.com - 3 weeks ago
3 Stocks to Buy for Earnings Acceleration in June Earnings acceleration sets up ORLA, SentinelOne and LRCX for potential stock rallies as growth momentum builds. zacks.com - 4 weeks ago
8. Profile Summary

Lam Research Corporation LRCX

image
COUNTRY US
INDUSTRY Semiconductors
MARKET CAP $ 116 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