LRCX— Lam Research Corporation
NasdaqGSTechnology · Semiconductor Equipment & Materials
Lam Research Corporation (LRCX) stock trades at $321.77, up 4.89% on the day. With a market capitalization of $402.40 billion, LRCX is a mega-cap technology stock. It trades at a price-to-earnings (P/E) ratio of 60.9, a forward P/E of 39.8 and earnings per share (EPS) of $5.28. Over the most recent period the company reported 24% year-over-year revenue growth and a net profit margin of 30.9%. Below you'll find LRCX's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.
Price & Performance
Performance
Analysis & Verdict
Lam Research Corporation (LRCX) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
Lam Research Corporation (LRCX) operates in the Semiconductor Equipment & Materials space within the Technology sector. With a market cap of $402.4B, it qualifies as a large-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.
- Forward P/E (39.8×) is lower than trailing P/E (60.9×) — analysts expect earnings to improve
- Revenue grew 24% year-over-year — exceptional top-line expansion
- Earnings grew 41% YoY — bottom-line is expanding fast
- Exceptional profit margin of 30.9% — the business retains a large share of each dollar earned
- ROE of 66.8% shows management efficiently converts equity into profit
- Current ratio of 2.5× — ample short-term liquidity
- High P/E of 60.9× implies high expectations already priced in — leaves little room for disappointment
- High debt-to-equity of 35.28× increases financial risk, especially with elevated interest rates
- High beta of 1.80 — this stock is significantly more volatile than the broader market
Verdict
Strong Buy
Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Fair Value Estimates
Current price: $321.77
Graham Number
√(22.5 × EPS × Book Value)
$31.71
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$12.63
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
9/10
90% score
Pays dividends
12Y hist.12+ years of dividend history
Dividend consistency (5Y+)
12 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
66.8%Return on equity — measures how efficiently capital is used
Positive profit margin
30.9%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+23.8%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+40.8%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
35.28×Low financial leverage reduces risk of distress
Current ratio above 1
2.54×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$3.7B/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
0.34%Stock must distribute income to shareholders
Financials
Revenue & Results
Key Statistics
Earnings
Next Earnings
Jul 29, 2026
8
days
EPS (TTM)
$5.28
P/E (TTM)
60.9
Fwd P/E
39.8
SEC Filings & Reported Financials
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Insider Transactions
SEC Form 4 · officers, directors & 10% owners
Dividends & Income
Dividends
Current DY
0.34%
5Y Avg Annual
$0.7500
Last Payment
$0.2600
Ex-Date
06/17/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest06/17/2026 | 07/08/2026 | $0.2600 | 0.32% |
03/04/2026 | 03/25/2026 | $0.2600 | 0.32% |
12/03/2025 | 12/24/2025 | $0.2600 | 0.32% |
09/24/2025 | 10/15/2025 | $0.2600 | 0.32% |
06/18/2025 | 07/09/2025 | $0.2300 | 0.29% |
03/05/2025 | 03/26/2025 | $0.2300 | 0.29% |
12/11/2024 | 01/01/2025 | $0.2300 | 0.29% |
09/17/2024 | 10/08/2024 | $0.2300 | 0.29% |
Magic Number
Shares needed to self-fund your next purchase
$321.77
Price
$0.2600
Last div. (quarterly)
1,238
shares
Own 1,238 LRCX shares ($398,351.26) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$398,351.26
New shares / year
+4 shares
Tools & Simulators
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
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About Lam Research Corporation
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products. It also provides Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
Sector
Technology
Industry
Semiconductor Equipment & Materials
Location
Fremont, United States
Employees
20,600
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LRCX — Frequently Asked Questions
Is Lam Research Corporation (LRCX) a good stock to buy in 2026?
Lam Research Corporation (LRCX) shows strengths such as revenue growth of 24%, a strong 31% net margin and a 67% return on equity, while risks include a rich P/E of 61× and high leverage (debt/equity of 35.3). Whether LRCX is a good buy in 2026 depends on your time horizon and risk tolerance — review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.
What is LRCX's stock price today?
Lam Research Corporation (LRCX) trades at $321.77, up 4.89% on the session. Prices on this page update throughout the trading day.
Does LRCX pay a dividend?
Yes. Lam Research Corporation pays an annual dividend of $1.04 per share, a dividend yield of 0.34%. The most recent ex-dividend date was June 17, 2026. Its payout ratio is about 19% of earnings.
Is LRCX overvalued?
With a P/E ratio of 60.9×, LRCX trades at a premium valuation for the technology sector. Its PEG ratio is 1.81. See the Fair Value Estimates section above for Graham Number and dividend-based price targets.
What is LRCX's market cap?
Lam Research Corporation (LRCX) has a market capitalization of $402.40 billion, classifying it as a mega-cap stock in the Technology sector.
Disclaimer: This page — including any buy/hold/avoid view, fair value or price estimate — is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.