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Lam Research (MX:LRCX)
:LRCX

Lam Research (LRCX) Price & Analysis

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LRCX Stock Chart & Stats

$5186.59
-$302.02(-6.33%)
At close: 4:00 PM EDT
$5186.59
-$302.02(-6.33%)

Bulls Say, Bears Say

Bulls Say
High Profitability And Cash GenerationLam combines exceptionally strong margins with substantial free cash flow, showing that reported earnings are supported by cash generation. This financial strength can fund research, capacity expansion, shareholder returns, and resilience through normal semiconductor spending cycles.
Growing Recurring Services BusinessThe installed-base services operation provides a steadier revenue stream than new equipment sales, while broad growth across upgrades, spares, and services increases customer monetization. Continued CSBG expansion should improve business durability across equipment cycles.
Technology Exposure And Market ExpansionIncreasing device complexity and three-dimensional scaling expand the process steps where Lam can participate. Greater etch and deposition intensity, alongside advanced packaging opportunities, supports structural market-share and content growth beyond overall wafer-fab spending.
Bears Say
Semiconductor Spending CyclicalityLam’s equipment sales depend on customers’ capital investment and technology-transition timing, so strong growth can be followed by material downturns. The prior revenue decline demonstrates that cyclicality remains a durable risk to revenue visibility, utilization, and cash-flow consistency.
China Spending And Mix PressureA lower China contribution can weigh on near-term growth and customer mix after China became a significant revenue source. Reduced domestic customer spending also creates geographic concentration risk and may make results more dependent on other regional investment cycles.
Capacity And Supply ConstraintsEven with strong customer demand, constrained supply and clean-room availability can delay tool installations and defer revenue recognition. These bottlenecks may limit Lam’s ability to convert industry growth into shipments, creating execution pressure over the next several quarters.

Lam Research News

LRCX FAQ

What was Lam Research’s price range in the past 12 months?
Lam Research lowest stock price was $2485.21 and its highest was $7700.00 in the past 12 months.
    What is Lam Research’s market cap?
    Lam Research’s market cap is $5.37T.
      When is Lam Research’s upcoming earnings report date?
      Lam Research’s upcoming earnings report date is Jan 27, 2027 which is in 94 days.
        How were Lam Research’s earnings last quarter?
        Lam Research released its earnings results on Oct 21, 2026. The company reported $41.071 earnings per share for the quarter, beating the consensus estimate of $40.735 by $0.336.
          Is Lam Research overvalued?
          According to Wall Street analysts Lam Research’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Lam Research pay dividends?
            Lam Research does not currently pay dividends.
            What is Lam Research’s EPS estimate?
            Lam Research’s EPS estimate is 43.83.
              How many shares outstanding does Lam Research have?
              Lam Research has 1,249,171,000 shares outstanding.
                What happened to Lam Research’s price movement after its last earnings report?
                Lam Research reported an EPS of $41.071 in its last earnings report, beating expectations of $40.735. Following the earnings report the stock price went down -12.657%.
                  Which hedge fund is a major shareholder of Lam Research?
                  Currently, no hedge funds are holding shares in MX: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

                    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

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call was strongly positive, marked by record revenue, margins, EPS, cash flow and CSBG performance, strong AI-driven demand, expanding deposition and etch opportunities, multiple product wins, and an improved 2027 WFE outlook. The main challenges were supply chain and clean room constraints, a significantly lower expected China revenue mix in December, a higher tax rate, and customer mix pressure on gross margin. Management remained confident that these constraints can be managed and that Lam is positioned for continued outperformance.View all MX:LRCX earnings summaries

                    LRCX Revenue Breakdown

                    64.07%64.07%35.93%
                    64.07% Systems Revenue
                    35.93% Customer support-related revenue and other
                    tipranks

                    LRCX Stock 12 Month Forecast

                    Average Price Target

                    $7,080.84
                    ▲(36.52% Upside)
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