LRCX
Lam Research
$409.54
▲ 5.3%Updated Today 6:01 PM ET
▲ Up 321.8% over the last 12 months
Market Cap
$486.52B
P/E
73.6x
Forward P/E (est.)
52.57x
ROE
65.8%
Revenue Growth
26.5%
EPS Growth
47.6%
Profit Margin
30.9%
FCF Yield
8.7%
Debt / Equity
0.45x
ROIC
31.0%
Interest Coverage
31.65x
Current Ratio
2.54x
Dividend Yield
0.3%
Implied Growth (rev. DCF)
7.8%
Rating Score
81/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what LRCX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. LRCX trades near $409.54, above its 50-day average ($298.16) and 200-day average ($210.07). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 67 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. LRCX's is $26.16 (~6.4% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month LRCX found buyers near $291.80 (support) and sellers near $401.00 (resistance); its 52-week range is $87.75–$401.00. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 2.0× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Lam Research (LRCX) is a mega-cap company in the Semiconductor Materials & Equipment industry, part of the Information Technology sector of the S&P 500, with a market value around $486.52B.
In its latest reported year it generated about $18.44B in revenue and $5.36B in net profit.
Our model rates LRCX Strong (81/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
6.0%
Revenue moved from $14.63B in 2021 to $18.44B in 2025, a 6.0% compound annual growth rate. The most recent year grew a strong 26.5% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
48.7%
Operating Margin
32.0%
Net Margin
29.1%
ROE
65.8%
Lam Research keeps about 30.9% of each sales dollar as net profit, with a 48.7% gross margin and 32.0% operating margin. Return on equity is 65.8% and return on invested capital about 31.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$4.47B
Net Debt
-$281.57M
Net cash position
Net Debt / EBITDA
-0.05x
Debt / Equity
0.45x
Leverage: debt-to-equity is 0.5x, and operating profit covers interest about 31.6x, with a current ratio of 2.5x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $4.47B of total debt against $4.75B of cash.
Operating CF
$6.17B
Free Cash Flow
$5.41B
FCF Margin
29.4%
In the latest year Lam Research produced about $6.17B of operating cash flow and $5.41B of free cash flow after capital spending. That is a free-cash-flow yield of about 8.7% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
73.6x
P/S
25.43x
P/B
13.19x
EV / EBITDA
73.42x
LRCX trades at 73.6x trailing earnings (about 52.6x on estimated forward earnings), 25.4x sales, and 13.2x book value. Reverse-engineering today's price implies the market expects roughly 7.8% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How LRCX stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (72 S&P 500 companies), LRCX ranks #5 of 72 by our overall rating. It trades at a premium versus the sector on earnings (73.6x P/E vs. 35.6x median) with a higher return on equity (65.8% vs. 25.6%) and faster revenue growth (26.5% vs. 17.4%).
P/E vs sector
73.6x
median 35.6x
ROE vs sector
65.8%
median 25.6%
Growth vs sector
26.5%
median 17.4%
Sector rank
#5
of 72 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$621.47 – $1,045.19
vs. $409.54 today · expected CAGR 9% – 21%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $23.41B | $29.73B | $37.76B | $47.96B | $60.91B |
| Net income | $6.79B | $8.62B | $10.95B | $13.91B | $17.66B |
| EPS | $5.43 | $6.90 | $8.76 | $11.12 | $14.12 |
| Share price (low) | $238.89 | $303.39 | $385.31 | $489.34 | $621.47 |
| Share price (high) | $401.77 | $510.25 | $648.02 | $822.99 | $1,045.19 |
| CAGR (low–high) | -42% / -2% | -14% / 12% | -2% / 17% | 5% / 19% | 9% / 21% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for LRCX:
- Revenue is growing 26.5% a year, a sign of real demand.
- High net margins (30.9%) point to pricing power or efficiency.
- Strong return on equity (65.8%) shows capital is put to work well.
- Healthy free-cash-flow yield (~8.7%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.5x) lowers risk.
- Our model's overall read is Strong (81/100).
The case against LRCX:
- A rich 73.6x earnings multiple prices in a lot of growth.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 73.6x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Lam Research is a mega-cap information technology business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 73.6x earnings, which our model scores Strong (81/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.