Lam Research Corporation
LRCX
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Lam Research is well-positioned in the semiconductor equipment industry, benefiting from increasing demand for advanced manufacturing technologies as global chip production ramps up.
- In Q2 2026, Lam Research reported a revenue increase of 15% compared to the previous quarter, reaching $6.7 billion.
- The company's gross margin improved to 51.7%, up from 49.8% in the prior quarter, indicating enhanced operational efficiency.
- Despite strong growth, Lam Research faces significant competition in the semiconductor equipment sector, which could pressure margins and market share.
- The trailing P/E ratio stands at 60.05, suggesting that the stock may be overvalued compared to its earnings potential.
- The company's debt-to-equity ratio is relatively high at 33.049, which may raise concerns about financial stability in a volatile market.
Fundamentals
| Market cap | $401.19B | Enterprise value | $399.70B | Trailing P/E | 55.66 | Forward P/E | 27.25 |
| PEG | 1.53 | Price / book | 32.17 | Beta | 1.85 | Dividend yield | 0.41% |
| Revenue growth | 30.0% | Earnings growth | 34.8% | Gross margin | 50.5% | Operating margin | 37.4% |
| Profit margin | 31.3% | ROE | 65.1% | ROA | 22.8% | Debt / equity | 0.33 |
| Current ratio | 2.63 | Free cash flow | $3.09B | Analyst recommendation | strong_buy | Mean target | $375.65 |
| 52w high | $438.50 | 52w low | $131.02 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $6.7B | $5.8B | $5.3B | $5.3B | $5.2B | — |
| Op margin | 37.4% | 35.0% | 33.9% | 34.4% | 33.7% | — |
| Net income | $2.3B | $1.8B | $1.6B | $1.6B | $1.7B | — |
| Gross margin | 51.7% | 49.8% | 49.6% | 50.4% | 50.1% | — |
| Gross profit | $3.5B | $2.9B | $2.7B | $2.7B | $2.6B | — |
| Operating income | $2.5B | $2.0B | $1.8B | $1.8B | $1.7B | — |
- Revenue +15% vs prior quarter ($6.7B vs $5.8B).
- Gross margin 51.7% (was 49.8% prior quarter).
- Operating margin expanded to 37.4%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Revenue | $23.2B | $18.4B | $14.9B | $17.4B |
| Op margin | 35.3% | 32.0% | 28.7% | 29.9% |
| Net income | $7.3B | $5.4B | $3.8B | $4.5B |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% |
| Gross profit | $11.7B | $9.0B | $7.1B | $7.8B |
| Operating income | $8.2B | $5.9B | $4.3B | $5.2B |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Jim Cramer Has a Clear Pecking Order for These Three Chip-Equipment Stocks
2026-10-09 · DBS Bank Adjusts Lam Research Price Target to $416 From $343.50
2026-10-09 · Lam Research (LRCX) DRAM Wins Put Its Fair Value Narrative Back In Focus
2026-10-09 · 2 Cash-Heavy Stocks to Consider Right Now and 1 That Underwhelm
2026-10-09 · Lam Research Transformed $1,000 Into $37,462 Over Ten Years Despite Three 40% Crashes
2026-10-09 · If You Invested $1000 in Lam Research a Decade Ago, This is How Much It'd Be Worth Now
2026-10-09 · Wells Fargo Adjusts Price Target on Lam Research to $355 From $350
2026-10-08 · What Was KLA Telling You Before Its Stock Ran?
2026-10-08 · Lam Research (LRCX) Suffers a Larger Drop Than the General Market: Key Insights
2026-10-08 · Advanced Energy Soars 40% YTD: Is the Stock Worth Buying Now?
2026-10-08 · Can Applied Materials Sustain Momentum in Its AGS Business?
2026-10-08 · Is Lam Research (LRCX) a Smart AI Stock Pick for Long-Term Investors?
Price (daily)
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