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LRCX

Lam Research Corporation

LRCX

NASDAQ·Technology·Semiconductors·Mkt cap $489.3B

$351.41

▼ -10.19%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$90.94 - $438.50

P/E

66.30

Fwd P/E

43.52

Beta

1.87

Div Yield

0.27%

Avg Vol

10.5M

Shares Out

1.3B

Mkt Cap

$489.3B

Price action

Price chart

Up 295.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Comprehensive integrated product portfolio covering multiple semiconductor manufacturing processes
  • Deep technological expertise in advanced deposition, etching, and metrology solutions
  • Strong customer relationships with leading global semiconductor manufacturers
  • Established service and support infrastructure across major semiconductor markets
  • Continuous innovation in process technologies supporting advanced node manufacturing
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.9).

Growth

Strong growth ahead

Increasing global semiconductor demand driven by AI, cloud computing, and data center expansion

Value

Fairly valued vs Semiconductor Equipment peers

Momentum

Hot

+79.1% over 3m

Quality

Strong

Exceptional business - top-tier fundamentals

Dividend

Token

0.27% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 21, 2026

“
Q2 26 RECAP

APR 22, 2026

Reported EPS of $1.47 vs $1.36 consensus (+8.1% surprise). Revenue of $5.8B vs $5.8B expected (+1.6%). Beat on both top and bottom lines.

EPS beat +8.1%
Rev beat +1.6%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+8.1%

Next: Apr 21, 2026

Revenue trend · last 8Q

—

—

+16%

+24%

+34%

+28%

+22%

+24%

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

$3.9B

$4.2B

$4.4B

$4.7B

$5.2B

$5.3B

$5.3B

$5.8B

Margins · last 8Q

Gross

49.8%

Operating

35.0%

Profit

31.3%

View full earnings history →

Wall Street consensus

19 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

19

100%

Hold

0%

Sell

0%

Median Price Target

$330.00

▼ -6.1% vs $351.41

Low $275.00
Median $330.00
High $500.00

Latest: Susquehanna · Jun 30, 2026

11 analysts covering

View full analyst page →

vs Industry

How LRCX stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.