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Lam Research Corp (LRCX)
NASDAQ:LRCX
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Lam Research (LRCX) Price & Analysis

11,403 Followers

LRCX Stock Chart & Stats

$267.60
-$0.47(-0.61%)
At close: 4:00 PM EST
$267.60
-$0.47(-0.61%)

Bulls Say, Bears Say

Bulls Say
High Profitability And MarginsSustained gross margins near 50% and net margins around 30% indicate durable pricing power and process advantage in etch/deposition. High margins support reinvestment, R&D and shareholder return through cycles, insulating core profitability from short-term revenue swings.
Robust Free Cash Flow GenerationConsistent, high free cash flow conversion (FCF ≈94% of net income) provides durable financial flexibility to fund capex, R&D, buybacks and debt reduction. Strong cash generation reduces reliance on external financing across semiconductor cycles.
Technology Leadership And Expanding SAMLeadership in etch/deposition, expanded SAM guidance and product wins (dielectric etch, Dextro robotics, Equipment Intelligence) position Lam to capture structural increases in WFE. A growing SAM plus differentiated tools supports durable market share gains over time.
Bears Say
Cyclicality And Uneven Revenue TrendsSemiconductor capital spending is inherently cyclical; prior year revenue declines underline demand volatility. Equipment order sensitivity can quickly compress tool sales and services, making near-term revenue and utilization cycles a recurring headwind for durability of growth.
Supply And Capacity ConstraintsBottlenecks in manufacturing and clean-room capacity limit Lam's ability to fulfill orders and accelerate customer ramps. Prolonged lead-time pressure can push out revenue recognition and delay capture of demand, constraining near-term growth until new capacity comes online.
Rising Operating Expenses And Cash Return Trade-offsPlanned OpEx and R&D increases raise the fixed-cost base, requiring sustained revenue growth to preserve margins. Simultaneous aggressive capital returns and debt retirements reduced cash balances, narrowing the buffer to fund higher operating spend during demand slowdowns.

Lam Research News

LRCX FAQ

What was Lam Research Corp’s price range in the past 12 months?
Lam Research Corp lowest stock price was $90.94 and its highest was $438.50 in the past 12 months.
    What is Lam Research Corp’s market cap?
    Lam Research Corp’s market cap is $391.80B.
      When is Lam Research Corp’s upcoming earnings report date?
      Lam Research Corp’s upcoming earnings report date is Jul 29, 2026 which is in 10 days.
        How were Lam Research Corp’s earnings last quarter?
        Lam Research Corp released its earnings results on Apr 22, 2026. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.364 by $0.106.
          Is Lam Research Corp overvalued?
          According to Wall Street analysts Lam Research Corp’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Lam Research Corp pay dividends?
            Lam Research Corp pays a Quarterly dividend of $0.26 which represents an annual dividend yield of 0.56%. See more information on Lam Research Corp dividends here
              What is Lam Research Corp’s EPS estimate?
              Lam Research Corp’s EPS estimate is 1.68.
                How many shares outstanding does Lam Research Corp have?
                Lam Research Corp has 1,250,571,000 shares outstanding.
                  What happened to Lam Research Corp’s price movement after its last earnings report?
                  Lam Research Corp reported an EPS of $1.47 in its last earnings report, beating expectations of $1.364. Following the earnings report the stock price went down -2.632%.
                    Which hedge fund is a major shareholder of Lam Research Corp?
                    Currently, no hedge funds are holding shares in LRCX
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Lam Research Corp

                      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 conformal films. SABRE products excel in electrochemical deposition, crucial for copper interconnect transitions and enabling copper damascene manufacturing. SOLA utilizes ultraviolet thermal processing for film treatments, while VECTOR delivers plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition (ALD) solutions. Furthermore, SPEED addresses gapfill applications with its high-density plasma CVD products, and Striker is engineered for single-wafer atomic layer deposition of dielectric films. Beyond deposition, Lam Research offers a comprehensive suite of etching tools. Flex is designed for dielectric etch applications, Kiyo handles conductor etch processes, Syndion specializes in through-silicon via etching, and Versys metal products are used for metal etch processes. The company's offerings also extend to specialized solutions like Coronus, which enhances die yield through bevel cleaning. For various wafer cleaning requirements, Lam Research supplies multiple product lines, including Da Vinci, DV-Prime, EOS, and SP series. Additionally, Metryx mass metrology systems provide precise, in-line mass measurement capabilities for semiconductor wafer manufacturing. Lam Research serves the global semiconductor industry, distributing its technologies and services across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. Established in 1980, the company maintains its corporate headquarters in Fremont, California.

                      Lam Research (LRCX) Earnings & Revenues

                      LRCX Revenue Breakdown

                      62.33%62.33%37.67%
                      62.33% Systems Revenue
                      37.67% Customer support-related revenue and other
                      tipranks

                      LRCX Stock 12 Month Forecast

                      Average Price Target

                      $386.63
                      ▲(44.48% Upside)
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                      Ownership Overview

                      0.29%20.85%0.36%47.31%
                      0.36% Other Institutional Investors
                      47.31% Public Companies and Individual Investors
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