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

11,189 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
Sustained High Profitability And ReturnsNear-50% gross margins and ~30% net margins, combined with very strong returns, indicate durable operating leverage and pricing power in etch/deposition. This margin profile supports ongoing R&D, platform investment and shareholder returns, making earnings resilient across cycles.
Robust Free Cash Flow GenerationConsistently strong operating and free cash flow (FCF ~94% of net income) underpin the company's ability to fund capacity buildouts, R&D and capital returns while reducing leverage. High cash conversion provides long-term financial flexibility through semiconductor spending cycles.
Technology Leadership And Expanding Served Market (SAM)An expanding SAM and reiterated leadership in etch/deposition signal durable competitive positioning. Growing share of WFE plus wins in advanced nodes and packaging increase addressable revenue and recurring service demand, supporting sustained market share gains over months.
Bears Say
Exposure To Semiconductor Capital-cycle VolatilityLam's revenue and FCF remain tied to volatile wafer fab equipment cycles; past uneven growth (including a 2024 revenue decline) and modest negative TTM FCF growth highlight persistent sensitivity to capex timing, which can compress orders and margins over multi-month horizons.
Regional/customer Concentration And Reduced VisibilityA large revenue share from China combined with a notable drop in customer down payments reduces forward order visibility and raises exposure to regional demand shifts or policy changes. Lower upfront payments weaken short-term booking visibility and planning accuracy.
Supply/capacity Constraints And Lead-time StretchPersistent clean‑room and capacity bottlenecks can delay shipments and revenue recognition, forcing capital investment to expand production. Lead‑time stretch may hamper ability to capture near-term demand surges and raises execution risk while facilities ramp over subsequent quarters.

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 $90.29 and its highest was $401.00 in the past 12 months.
    What is Lam Research Corp’s market cap?
    Lam Research Corp’s market cap is $474.08B.
      When is Lam Research Corp’s upcoming earnings report date?
      Lam Research Corp’s upcoming earnings report date is Aug 05, 2026 which is in 38 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 Company Deck

                      LRCX Earnings Call

                      Q3 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call conveyed a strongly positive operational and financial tone: record revenue, record EPS, expanded WFE outlook, significant CSBG milestone, improving margins, and robust guidance. These positives were tempered by manageable risks including regional mix shifts (China), lower customer down payments, cash decline due to aggressive capital returns, supply/clean-room constraints, and higher operating spending. Overall, the company emphasized durable technology-led positioning and capacity expansions to capture accelerated AI-driven demand.View all LRCX earnings summaries

                      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

                      $356.28
                      ▲(33.14% Upside)
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style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":230.561,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 44,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":221.853,"date":1775001600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 30,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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                      Ownership Overview

                      0.29%20.84%13.90%32.88%
                      13.90% Other Institutional Investors
                      32.88% Public Companies and Individual Investors
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