LRCX Stock Chart & Stats
$5186.59
-$302.02(-6.33%)
At close: 4:00 PM EDT
$5186.59
-$302.02(-6.33%)
Day’s Range― - ―
52-Week Range$2,485.21 - $7,700.00
Previous CloseN/A
Volume9.89K
Average Volume (3M)2.11K
Market Cap
$5.37T
Enterprise Value$392.13B
Total Cash (Recent Filing)$7.44B
Total Debt (Recent Filing)$3.74B
Price to Earnings (P/E)34.1
Beta0.63
Next Earnings
Jan 27, 2027EPS Estimate
43.83Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)6.75
Shares Outstanding1,249,171,000
10 Day Avg. Volume3,296
30 Day Avg. Volume2,107
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)41.35
Price to Sales (P/S)22.20
P/FCF Ratio105.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$7,080.84Price Target Upside36.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)178.6
Revenue Forecast (FY)$655.99B
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.
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.
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
Lam Research Stock Smart Score
Outperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$7,080.84 (36.52% Upside)
$7,080.84 (36.52% Upside)
Blogger Sentiment
Bullish
MX:LRCX Sentiment 86%
Sector Average 65%
Sector Average 65%
Insider Transactions
Sold Shares
Worth $55.4M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 53%
Bearish news 47%
Bearish news 47%
Technicals
SMA
Positive
20 days / 200 days
Momentum
56.67%
12-Months-Change
Fundamentals
Return on Equity
71.75%
Trailing 12-Months
Asset Growth
20.33%
Trailing 12-Months
Learn more about TipRanks Smart Score
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.
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 summariesLRCX Revenue Breakdown
64.07% Systems Revenue
35.93% Customer support-related revenue and other

LRCX Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$7,080.84
▲(36.52% Upside)
Technical Analysis
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