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OverviewRevenueFinancialsValuationOutlookOwnership
Price
Performance · vs S&P 500
Company
Lam Research Corporation
NASDAQ · USD
Mega cap
In line with peers
1.31× peer median
87% more volatile
Claude reads this page's data and writes up Lam Research Corporation's financials, valuation and analyst coverage: built only from the figures here, with nothing pulled in from elsewhere.
Generated by an AI model from the data on this page. It can be wrong, and it isn't investment advice or a recommendation to buy or sell anything. Check every figure against the sections themselves before you rely on it.
$17.2B in FY22 to $23.2B in FY26, with the latest year up 26.0%.
Growth · FY26
$21.8B of free cash flow against $25.6B of net income across 5 fiscal years.
Quality · FY26
Free cash flow of $4.9B covers the business without outside capital, on $5.6B of cash and short-term investments.
Liquidity · FY26
$5.6B of cash and short-term investments against $3.8B of total debt.
Liquidity · FY26
$15.6B of current assets against $5.9B due within a year.
Liquidity · FY26
$23.2B of revenue against $15.0B of operating costs, leaving $8.2B.
Profitability · FY26
31.2% in FY22 to 35.3% in FY26.
Profitability · FY26
Revenue came in above consensus by 1.6% on average over the last four reports.
Quality · Jul '26
The latest trading day saw Lam Research (LRCX) settling at $292.66, representing a +1.51% change from its previous close.
The GARP strategy helps investors gain exposure to stocks that have solid prospects and are trading at a discount. FTNT, EAT, LECO & LRCX are some such stocks.
NVIDIA, Micron, SanDisk and Lam Research offer four ways to ride the AI data center boom across chips, memory, storage and equipment.
Dividend investors have many factors to consider when deciding which stocks suit their needs. This includes dividend growth rates, dividend yields, and dividend sustainability—often calculated based on a firm's payout ratio.
Lam Research is entering September with a powerful mix of seasonal strength, AI-driven demand, and accelerating growth across advanced semiconductor manufacturing.
Semiconductor stocks are falling at Tuesday's open as a global bond selloff drives long-term yields higher and forces a rethink of the market's highest-multiple corners.
Average month-end to month-end move for LRCXin each calendar month. Point at a bar for that month's spread: past seasonality is a tendency in a small sample, not a forecast.
+$4.8B vs FY25
FY25 → FY26
FY22 → FY26, annualized
+26.0% vs the four before
Q4 FY26 · +30.0% YoY
Share of the latest fiscal year, largest first. The line is the segment across every fiscal year we have: hover it to read one.
What each segment added to or took off the top line in dollars: ranked by the size of the move, not its percentage.
+26.0% YoY
+1.8 pp YoY
+3.3 pp YoY
+35.6% YoY
+2.2 pp YoY
+38.8% YoY
−9.7% YoY
−8.2% YoY
| $ billions | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Cash & equivalents | 5.6 | 6.4 | 5.8 | 5.3 | 3.5 |
| Short-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Receivables | 5.3 | 3.4 | 2.5 | 2.8 | 4.3 |
| $ billions | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 5.9 | 6.2 | 4.7 | 5.2 | 3.1 |
| Capital expenditure | −1.0 | −0.8 | −0.4 | −0.5 | −0.5 |
| Free cash flow | 4.9 | 5.4 | 4.3 |
P/E vs EPS growth · below the channel = cheaper for its growth
P/S vs revenue growth · below the channel = cheaper for its growth
| Ticker | P/E | Fwd P/E | PEG | P/S | Fwd P/S | PSG | EPS gr | Rev gr |
|---|---|---|---|---|---|---|---|---|
| LRCX | 50.5 | 30.9 | 0.93 | 15.8 | 10.5 | 0.41 | 33% | 26% |
| MU | 21.4 | 13.1 | 0.07 | 12.0 | 8.4 | 0.09 | 181% | 96% |
| INTC | -43.4 | 61.2 | - | 8.1 | 7.4 | 0.47 | 0% | 16% |
| AMAT | 37.4 | 34.0 | 0.83 | 11.2 | 10.1 | 0.39 | 41% | 26% |
| ARM | 250.1 | 108.9 | 1.58 | 50.2 | 42.7 | 1.40 | 69% | 30% |
| ANET | 59.6 | 46.6 | 1.47 | 22.9 | 19.0 | 0.61 | 32% | 31% |
Dots = reported EPS vs consensus · gap = surprise · dashed = estimate ($)
Solid = reported · dashed = forward consensus · shaded = analyst low–high ($B)
Rows: discount rate (r) · Columns: terminal growth (g∞) · cell = fair value, shaded by up/downside vs 293.
Last 12M · $7M bought · $121M sold · net −$114M
| Inventory |
|---|
| 4.3 |
| 4.3 |
| 4.2 |
| 4.8 |
| 4.0 |
| Total current assets | 15.6 | 14.5 | 12.9 | 13.2 | 12.3 |
|---|
| Property, plant & equipment | 3.0 | 2.4 | 2.2 | 1.9 | 1.6 |
|---|
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|---|
| Other non-current assets | 4.9 | 4.4 | 3.7 | 3.7 | 3.3 |
|---|
| Total assets | 23.5 | 21.3 | 18.7 | 18.8 | 17.2 |
|---|
| Accounts payable | 1.3 | 0.9 | 0.6 | 0.5 | 1.0 |
|---|
| Short-term debt | 0.1 | 0.7 | 0.5 | 0.0 | 0.0 |
|---|
| Total current liabilities | 5.9 | 6.6 | 4.3 | 4.2 | 4.6 |
|---|
| Long-term debt | 3.7 | 3.7 | 4.5 | 5.0 | 5.0 |
|---|
| Total liabilities | 11.1 | 11.5 | 10.2 | 10.6 | 10.9 |
|---|
| Shareholders’ equity | 12.5 | 9.9 | 8.5 | 8.2 | 6.3 |
|---|
Fiscal year · latest five reported years
| 4.7 |
| 2.6 |
| Investing cash flow | −0.9 | −0.7 | −0.4 | −0.5 | 0.6 |
|---|
| Dividends paid | −1.3 | −1.1 | −1.0 | −0.9 | −0.8 |
|---|
| Share buybacks | −3.9 | −3.4 | −2.8 | −2.0 | −3.9 |
|---|
| Net debt issued / (repaid) | −0.8 | −0.5 | −0.3 | −0.0 | −0.0 |
|---|
| Financing cash flow | −5.7 | −4.9 | −4.0 | −2.8 | −4.6 |
|---|
| Net change in cash | −0.8 | 0.6 | 0.3 | 1.8 | −0.9 |
|---|
Fiscal year · outflows shown negative