Lam Research Corp

Lam Research Corp

LRCX · NASDAQ · Technology / Semiconductor Equipment & Materials

277.46USD-9.46 (-3.30%)

Price History

Full chart

Market Stats

Previous Close286.92
Open275.19
Day Range266.12 – 280.45
52-Week Range133.42 – 438.03
Volume13.40M
Market Cap399.00B
P/E (TTM)55.35
Forward P/E33.67
EPS5.76
Dividend Yield0.40%
Beta1.85
50-Day Avg310.27
200-Day Avg278.44

About

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, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system designed to enhance etch precision, selectivity, and defect control; Argos, Prevos, and Selis, which are selective etch systems used in the fabrication of advanced logic and memory devices that require precise control at nanoscale dimensions; 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 deep silicon etch; 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; Sense.i platform products; and customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEOMr. Timothy M. Archer
  • Employees23.30K
  • Headquarters4650 Cushing Parkway, Fremont, CA, United States, 94538, USA
  • Websitehttps://www.lamresearch.com

Leadership

  • Mr. Timothy M. ArcherPresident, CEO & Director · b. 1967
  • Mr. Douglas R. BettingerExecutive VP & CFO · b. 1967
  • Mr. Seshasayee VaradarajanExecutive VP & COO · b. 1975
  • Mr. Vahid Vahedi Ph.D.Senior VP, Chief Technology & Sustainability Officer · b. 1966
  • Mr. Neil J. FernandesSenior VP of Global Customer Operations · b. 1967
  • Ms. Christina C. CorreiaChief Accounting Officer & Group VP · b. 1970
  • Mr. Ram GaneshVice President of Investor Relations
  • Ms. Ava A. Harter J.D.Senior VP, Chief Legal Officer & Secretary · b. 1970
  • Mr. Steve FineGroup VP & Chief Communication Officer
  • Ms. Mary Teresa HassettSenior VP & Chief Human Resources Officer · b. 1974

Financials

Income Statement

Line item1987-06-301988-06-301989-06-301990-06-301991-06-301992-06-301993-06-301994-06-301995-06-301996-06-301997-06-301998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue25.50M75.00M126.00M137.30M138.00M165.60M260.50M484.90M798.21M1.31B1.00B1.05B647.96M1.23B1.52B943.11M755.23M935.95M1.50B1.64B2.57B2.47B1.12B2.13B3.24B2.67B3.60B4.61B5.26B5.89B8.01B11.08B9.65B10.04B14.63B17.23B17.43B14.91B18.44B23.23B
Cost of Revenue11.00M35.10M65.00M70.20M70.90M76.40M127.20M247.60M418.82M654.20M689.46M646.51M414.59M691.16M862.32M677.02M451.40M504.90M738.99M815.16M1.26B1.30B727.21M1.16B1.74B1.58B2.20B2.60B2.97B3.27B4.41B5.91B5.30B5.44B7.82B9.36B9.65B7.85B9.46B11.51B
Gross Profit14.50M39.90M61.00M67.10M67.10M89.20M133.30M237.30M379.39M655.70M312.94M406.07M233.36M539.61M657.47M266.09M303.83M431.05M763.46M827.01M1.30B1.17B388.73M969.93M1.50B1.08B1.40B2.01B2.28B2.62B3.60B5.17B4.36B4.61B6.81B7.87B7.78B7.05B8.98B11.73B
Operating Income-5.20M2.70M8.70M-11.90M3.40M9.20M23.60M51.50M118.39M196.10M-63.79M-180.92M-113.20M229.84M186.53M-119.84M-5.38M106.18M391.00M404.77M794.00M509.43M-281.24M425.41M804.28M237.73M118.07M677.67M788.04M1.07B1.90B3.21B2.46B2.67B4.48B5.38B5.17B4.26B5.90B8.20B
EBITDA-3.70M5.60M12.30M-7.30M8.90M18.00M36.30M69.90M141.92M231.40M-1.66M91.92M-3.90M245.13M274.02M-10.65M55.48M149.88M426.05M462.83M832.10M644.35M-184.18M502.54M881.01M344.20M431.18M1.08B1.09B1.39B2.24B3.58B2.87B3.02B4.89B5.71B5.64B4.91B6.34B8.70B
Net Income-2.70M2.30M9.30M-8.80M6.10M9.90M18.90M37.80M89.21M145.90M-33.63M-144.60M-112.91M204.76M52.11M-90.05M-7.74M82.99M299.34M335.75M686.00M439.35M-302.15M346.67M723.75M168.72M113.88M632.29M655.58M914.05M1.70B2.38B2.19B2.25B3.91B4.61B4.51B3.83B5.36B7.27B
R&D-------76.30M127.84M186.90M170.62M206.46M142.50M176.90M227.25M179.22M160.49M170.48M195.29M228.89M285.00M323.76M288.27M320.86M373.29M444.56M683.69M716.47M825.24M913.71M1.03B1.19B1.19B1.25B1.49B1.60B1.73B1.90B2.10B2.38B
Interest Expense00000000000000006.10M4.63M1.41M1.04M012.67M6.50M994.00K5.38M38.96M60.41M61.69M73.68M134.77M117.73M97.39M117.26M177.44M208.60M184.76M186.46M185.24M178.20M156.88M

Balance Sheet

Line item1987-06-301988-06-301989-06-301990-06-301991-06-301992-06-301993-06-301994-06-301995-06-301996-06-301997-06-301998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets44.90M66.30M95.90M106.20M116.90M156.60M268.80M381.50M682.65M969.37M965.45M1.15B979.45M1.24B1.87B1.63B1.20B1.20B1.45B2.31B2.10B2.81B1.95B2.49B4.06B8.00B7.25B7.99B9.36B12.27B12.12B12.48B12.00B14.56B15.89B17.20B18.78B18.74B21.35B23.53B
Total Liabilities5.10M19.60M38.80M51.80M55.60M50.00M138.50M204.70M287.39M359.58M374.81M627.68M570.50M609.41M1.16B957.24M549.19M386.16M381.92M917.20M925.00M1.02B498.78M719.26M1.59B2.68B2.57B2.78B4.02B6.17B5.14B5.90B7.28B9.38B9.86B10.92B10.57B10.21B11.48B11.06B
Total Equity39.80M46.70M57.10M54.40M61.30M106.60M130.30M176.80M395.26M609.79M590.64M523.09M408.96M635.42M712.37M675.06M649.08M812.47M1.07B1.40B1.18B1.78B1.45B1.77B2.47B5.32B4.68B5.21B5.34B6.10B6.99B6.58B4.72B5.18B6.03B6.28B8.21B8.54B9.86B12.47B
Cash25.70M11.80M14.60M15.60M12.10M25.80M67.30M24.10M43.67M62.88M125.72M13.51M37.97M70.06M221.66M172.43M167.34M163.40M482.25M910.82M574.00M732.54M374.17M545.77M1.49B1.56B1.16B1.45B1.50B5.04B2.38B4.51B3.66B4.92B4.42B3.52B5.34B5.85B6.39B5.58B
Total Debt800.00K4.70M16.70M17.50M26.80M19.80M86.40M85.60M103.50M90.82M101.55M351.54M347.07M329.29M668.68M674.98M337.22M12.05M2.79M350.00M250.00M306.33M40.89M17.64M743.27M1.27B1.30B1.34B2.60B4.33B2.69B2.42B4.49B5.81B5.00B5.01B5.01B4.98B4.76B4.12B
Net Debt-24.90M-7.10M2.10M1.90M14.70M-6.00M19.10M61.50M59.83M27.94M-24.18M338.03M309.10M259.23M447.02M502.55M169.88M-151.35M-479.46M-560.82M-324.00M-426.21M-333.28M-528.12M-753.64M-802.97M-373.22M-635.48M859.49M-706.25M315.88M-2.10B831.68M895.55M583.42M1.48B-325.51M-864.52M-1.63B-1.46B

Cash Flow

Line item1989-06-301990-06-301991-06-301992-06-301993-06-301994-06-301995-06-301996-06-301997-06-301998-06-301999-06-302000-06-302001-06-302002-06-302003-06-302004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow-3.70M4.00M-400.00K2.60M-9.60M6.30M19.10M26.61M80.17M51.24M-37.22M119.85M261.29M21.80M69.24M157.15M425.93M360.69M823.60M590.32M-78.13M350.71M881.03M499.03M719.93M717.05M785.50M1.35B2.03B2.66B3.18B2.13B3.59B3.10B5.18B4.65B6.17B5.86B
Investing Cash Flow-1.70M-9.80M-13.00M-9.10M-16.90M-51.00M-124.67M-47.74M-22.16M-438.63M69.96M-91.74M-427.54M-88.13M296.36M48.51M-58.73M-244.29M--495.81M6.00M-103.36M-479.91M269.73M-238.64M-265.21M-1.11B592.48M-2.06B2.75B-1.64B-244.08M73.27M612.27M-534.56M-370.61M-708.09M-922.15M
Financing Cash Flow12.90M6.90M9.90M20.30M67.90M1.60M125.15M40.34M4.84M260.02M-8.29M8.38M321.85M16.30M-373.35M-211.75M-52.32M310.69M-1.08B65.81M-260.83M-72.66M526.99M-692.75M-887.79M-162.74M378.47M1.60B-2.63B-3.27B-2.39B-623.93M-4.17B-4.58B-2.83B-4.00B-4.94B-5.72B
Capital Expenditure6.40M9.90M13.00M8.90M14.20M19.00M63.41M66.59M39.55M50.21M33.18M50.36M64.39M10.62M12.26M24.03M22.85M42.08M60.00M76.80M44.28M35.59M127.50M107.27M160.79M145.50M198.26M175.33M157.42M273.47M303.49M203.24M349.10M546.03M501.57M396.67M759.19M966.40M
Free Cash Flow-10.10M-5.90M-13.40M-6.30M-23.80M-12.70M-44.31M-39.98M40.62M1.04M-70.40M69.49M196.89M11.18M56.98M133.12M403.08M318.61M763.60M513.52M-122.41M315.12M753.53M391.76M559.14M571.55M587.24M1.17B1.87B2.38B2.87B1.92B3.24B2.55B4.68B4.26B5.41B4.89B
Dividends Paid--------------------625.00K336.00K1.02B000116.06M190.40M243.50M307.61M678.35M656.84M726.99M815.29M907.91M1.02B1.15B1.27B

Earnings

Report DateOct 18, 1995Jan 16, 1996Apr 16, 1996Jul 30, 1996Oct 15, 1996Jan 21, 1997Apr 15, 1997Jul 29, 1997Oct 22, 1997Jan 21, 1998Apr 16, 1998Jul 28, 1998Oct 15, 1998Jan 28, 1999Apr 22, 1999Jul 29, 1999Oct 21, 1999Jan 20, 2000Apr 18, 2000Jul 26, 2000Oct 12, 2000Jan 23, 2001Apr 11, 2001Jul 25, 2001Oct 9, 2001Jan 24, 2002Apr 17, 2002Jul 23, 2002Oct 17, 2002Jan 22, 2003Apr 16, 2003Jul 23, 2003Oct 15, 2003Jan 21, 2004Apr 14, 2004Jul 21, 2004Oct 13, 2004Jan 20, 2005Apr 13, 2005Jul 20, 2005Oct 12, 2005Jan 18, 2006Apr 12, 2006Jul 19, 2006Oct 11, 2006Jan 17, 2007Apr 12, 2007Jul 25, 2007Oct 10, 2007Mar 31, 2008Apr 23, 2008Jul 29, 2008Oct 22, 2008Jan 28, 2009Apr 22, 2009Jul 29, 2009Oct 21, 2009Jan 27, 2010Apr 21, 2010Jul 28, 2010Oct 20, 2010Jan 26, 2011Apr 20, 2011Jul 27, 2011Oct 19, 2011Jan 25, 2012Apr 18, 2012Jul 25, 2012Oct 17, 2012Jan 23, 2013Apr 24, 2013Jul 31, 2013Oct 23, 2013Jan 29, 2014Apr 23, 2014Jul 30, 2014Oct 22, 2014Jan 28, 2015Apr 20, 2015Jul 29, 2015Oct 21, 2015Jan 27, 2016Apr 20, 2016Jul 27, 2016Oct 19, 2016Jan 25, 2017Apr 18, 2017Jul 26, 2017Oct 17, 2017Jan 24, 2018Apr 17, 2018Jul 26, 2018Oct 16, 2018Jan 23, 2019Apr 24, 2019Jul 31, 2019Oct 23, 2019Jan 29, 2020Apr 22, 2020Jul 29, 2020Oct 21, 2020Jan 27, 2021Apr 21, 2021Jul 28, 2021Oct 20, 2021Jan 26, 2022Apr 20, 2022Jul 27, 2022Oct 19, 2022Jan 25, 2023Apr 19, 2023Jul 26, 2023Oct 18, 2023Jan 24, 2024Apr 24, 2024Jul 31, 2024Oct 23, 2024Jan 29, 2025Apr 23, 2025Jul 30, 2025Oct 22, 2025Jan 28, 2026Apr 22, 2026Jul 29, 2026Oct 21, 2026Oct 28, 2026
EPS Estimate0.320.350.420.420.200.030.000.020.030.04-0.04-0.02-0.23-0.31-0.170.040.170.240.360.430.430.520.370.140.02-0.04-0.01---0.020.030.050.010.030.060.050.040.040.030.040.060.080.100.110.11--1.280.090.040.02-0.05-0.07-0.05-0.010.040.080.100.140.160.140.110.060.030.050.060.040.040.040.070.070.100.120.120.090.110.130.150.170.140.110.160.180.220.260.300.330.370.440.490.320.370.340.340.300.390.380.410.520.570.660.760.820.850.750.730.951.000.650.510.610.710.730.760.810.881.001.211.221.171.361.692.172.17
EPS Actual0.330.370.430.420.190.03-0.040.030.030.03-0.04-0.02-0.23-0.21-0.130.090.190.330.370.450.480.580.330.280.020.030.05-0.010.020.020.030.020.040.010.010.040.060.060.040.050.040.060.070.100.110.120.120.130.121.180.090.060.03-0.01-0.07-0.040.030.050.090.120.150.170.140.110.060.030.050.060.050.050.040.080.080.110.130.130.100.120.140.150.180.160.120.180.180.220.280.310.350.430.480.530.340.390.370.360.320.400.400.480.570.600.750.810.840.850.740.881.041.070.700.600.690.750.780.810.860.911.041.331.261.271.471.82--
Surprise3.13%5.71%2.38%0.00%-5.00%0.00%-50.00%0.00%-25.00%0.00%0.00%0.00%32.26%23.53%125.00%11.76%37.50%2.78%4.65%11.63%11.54%-10.81%100.00%0.00%-25.00%0.00%---0.00%33.33%-80.00%0.00%33.33%0.00%20.00%0.00%25.00%33.33%50.00%16.67%25.00%10.00%9.09%9.09%---7.81%0.00%50.00%50.00%80.00%0.00%20.00%400.00%25.00%12.50%20.00%7.14%6.25%0.00%0.00%0.00%0.00%0.00%0.00%25.00%25.00%0.00%14.29%14.29%10.00%8.33%8.33%11.11%9.09%7.69%0.00%5.88%14.29%9.09%12.50%0.00%0.00%7.69%3.33%6.06%16.22%9.09%8.16%6.25%5.41%8.82%5.88%6.67%2.56%5.26%17.07%9.62%5.26%13.64%6.58%2.44%0.00%-1.33%20.55%9.47%7.00%7.69%17.65%13.11%5.63%6.85%6.58%6.17%3.41%4.00%9.92%3.28%8.55%8.09%7.69%--
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours---After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap399.00B
Enterprise Value382.66B
Trailing P/E55.35
Forward P/E33.67
PEG Ratio1.45
Price / Sales17.17
Price / Book31.20
EPS5.76
Book Value9.97
Revenue (TTM)23.23B
Gross Profit (TTM)11.73B
EBITDA8.64B
Profit Margin31.27%
Operating Margin37.39%
Return on Equity65.07%
Return on Assets22.84%
Shares Outstanding1.25B
Shares Float1.25B
Beta1.85
Dividend Yield0.40%
Dividend Rate1.32
Payout Ratio19.07%

Analyst Ratings

Strong Buy
Based on 35 analystsTarget 375.65
  • Strong Buy
    25
  • Buy
    4
  • Hold
    6

Ownership Breakdown

Institutions
88.91%
Insiders
0.28%
Retail / Other
10.81%

Top Institutional Holders

  • BlackRock Inc
    132.73M10.61%
  • Vanguard Capital Management, LLC
    81.68M6.53%
  • State Street Corp
    60.70M4.85%
  • Amvescap Plc.
    52.32M4.18%
  • JPMorgan Chase & Co
    45.32M3.62%
  • Vanguard Portfolio Management, LLC
    36.64M2.93%
  • Geode Capital Management, LLC
    34.51M2.76%
  • FMR Inc
    33.68M2.69%
  • T. Rowe Price Associates, Inc.
    24.60M1.97%
  • Ameriprise Financial Inc
    20.79M1.66%
  • Morgan Stanley - Brokerage Accounts
    18.97M1.52%
  • NORGES BANK
    18.12M1.45%
  • Northern Trust Corp
    14.01M1.12%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    39.74M3.18%
  • Vanguard 500 Index Investor
    33.22M2.65%
  • Invesco QQQ Trust
    26.14M2.09%
  • iShares Core S&P 500 ETF
    16.67M1.33%
  • Fidelity 500 Index
    16.23M1.30%
  • State Street® SPDR® S&P 500® ETF
    15.35M1.23%
  • Vanguard MStar Growth Index Investor
    13.07M1.04%

Dividends

20263×
0.33Sep 23, 20260.26Jun 17, 20260.26Mar 4, 2026
20254×
0.26Dec 3, 20250.26Sep 24, 20250.23Jun 18, 20250.23Mar 5, 2025
20244×
0.23Dec 11, 20240.23Sep 17, 20240.20Jun 18, 20240.20Mar 12, 2024
20234×
0.20Dec 12, 20230.20Sep 12, 20230.17Jun 13, 20230.17Mar 14, 2023
20224×
0.17Dec 13, 20220.17Sep 13, 20220.15Jun 14, 20220.15Mar 15, 2022
20214×
0.15Dec 14, 20210.15Sep 27, 20210.13Jun 15, 20210.13Mar 16, 2021
20201×
0.13Dec 8, 2020

Stock Splits

  • Oct 3, 202410:1
  • Mar 17, 2000959692:319897
  • Sep 16, 19933:2