Lam Research Corp LRCX Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$200.44 up $15.24, 8.23% at close Nov 6
Last close · Previous close $185.20
- Market cap
- At the Nov 6 close
- P/E ratio
- 29.87On last 12 months’ EPS
- Diluted EPS
- $6.71Last 12 months
- Dividend yield
- 0.57%Last 12 months
Price chart
$200.44up $15.24, 8.23%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$185.20Nov 5
- Volume17.96MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume12.92MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $135.50 to $438.50; now $200.44
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
LRCX beat the S&P 500 in 5 of 7 periods.
| Period | LRCX and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | LRCX: down 40.0% S&P 500: down 5.6% | LRCX trailed the S&P 500 by 34.4 percentage points Trailed |
| 3M | LRCX: down 34.4% S&P 500: down 4.1% | LRCX trailed the S&P 500 by 30.3 percentage points Trailed |
| YTD | LRCX: up 17.4% S&P 500: up 8.7% | LRCX beat the S&P 500 by 8.7 percentage points Beat |
| 1Y | LRCX: up 24.2% S&P 500: up 10.9% | LRCX beat the S&P 500 by 13.3 percentage points Beat |
| Long term | ||
| 3Y | LRCX: up 221.5% S&P 500: up 75.0% +47.6% vs +20.5% a year | LRCX beat the S&P 500 by 146.5 percentage points Beat |
| 5Y | LRCX: up 245.1% S&P 500: up 67.8% +28.1% vs +10.9% a year | LRCX beat the S&P 500 by 177.3 percentage points Beat |
| 10Y | LRCX: up 2,307.3% S&P 500: up 313.1% +37.5% vs +15.2% a year | LRCX beat the S&P 500 by 1,994.2 percentage points Beat |
$10,000 invested in LRCX 10 years ago (Nov 4, 2016) would be worth about $240,734 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
LRCX beat the S&P 500 in 5 of 7 periods.
| Period | LRCX and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | LRCX: down 40.0% S&P 500: down 5.6% | LRCX trailed the S&P 500 by 34.4 percentage points Trailed |
| 3M | LRCX: down 34.4% S&P 500: down 4.3% | LRCX trailed the S&P 500 by 30.1 percentage points Trailed |
| YTD | LRCX: up 17.1% S&P 500: up 7.8% | LRCX beat the S&P 500 by 9.3 percentage points Beat |
| 1Y | LRCX: up 23.6% S&P 500: up 9.7% | LRCX beat the S&P 500 by 13.9 percentage points Beat |
| Long term | ||
| 3Y | LRCX: up 213.7% S&P 500: up 68.8% +46.4% vs +19.1% a year | LRCX beat the S&P 500 by 144.9 percentage points Beat |
| 5Y | LRCX: up 228.2% S&P 500: up 56.9% +26.8% vs +9.4% a year | LRCX beat the S&P 500 by 171.3 percentage points Beat |
| 10Y | LRCX: up 2,009.9% S&P 500: up 252.6% +35.7% vs +13.4% a year | LRCX beat the S&P 500 by 1,757.3 percentage points Beat |
$10,000 invested in LRCX 10 years ago (Nov 4, 2016) would be worth about $210,989 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$433.33
Closing high on . Now 53.7% below that record.
Split-adjusted daily closes since Mar 26, 1990.
Stock splits
3
Latest: 10-for-1 on . One share bought before the first split is 45 shares today.
All 3 splits
- 10-for-1
- 3-for-1
- 3-for-2
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q1 FY27, the quarter ended Sep 27, 2026. “Last 12 months” means the four quarters from Sep 29, 2025 to Sep 27, 2026, and balance-sheet figures are as of Sep 27, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $26.13Bup 33.4%
- Net income
- $8.45Bup 45.4%
- Diluted EPS
- $6.71up 48.1%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q2 FY25 (Dec 29, 2024) | $4.38B | $1.19B | $0.92 |
| Q3 FY25 (Mar 30, 2025) | $4.72B | $1.33B | $1.03 |
| Q4 FY25 (Jun 29, 2025) | $5.17B | $1.72B | $1.34 |
| Q1 FY26 (Sep 28, 2025) | $5.32B | $1.57B | $1.24 |
| Q2 FY26 (Dec 28, 2025) | $5.34B | $1.59B | $1.26 |
| Q3 FY26 (Mar 29, 2026) | $5.84B | $1.83B | $1.45 |
| Q4 FY26 (Jun 28, 2026) | $6.72B | $2.28B | $1.81 |
| Q1 FY27 (Sep 27, 2026) | $8.22B | $2.75B | $2.19 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY22 (Jun 26, 2022) | $17.23B | $4.61B | Paused See the note under the price. |
| FY23 (Jun 25, 2023) | $17.43B | $4.51B | Paused See the note under the price. |
| FY24 (Jun 30, 2024) | $14.91B | $3.83B | Paused See the note under the price. |
| FY25 (Jun 29, 2025) | $18.44B | $5.36B | $4.15 |
| FY26 (Jun 28, 2026) | $23.23B | $7.27B | $5.76 |
Margins
- Gross 51.1%
- Operating 37.0%
- Net 32.3%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $6.54BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$7.58BLast 12 months
- Capital spending$1.04BLast 12 months
- 25.0%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $3.72BLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$1.30BLast 12 months
- Total returned$5.03BLast 12 months
77% of free cash flow
Balance sheet
- $7.44BAs of Sep 27, 2026
Cash plus short- and long-term marketable securities on the Sep 27, 2026 balance sheet.
- Total debt$3.74BAs of Sep 27, 2026
- Net cash$3.70BAs of Sep 27, 2026
- 2.48As of Sep 27, 2026
Current assets divided by current liabilities on the Sep 27, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.27As of Sep 27, 2026
Total debt divided by shareholders’ equity on the Sep 27, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 8 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✗Operating cash flow exceeded net income: not passed
- ✓Long-term debt fell relative to assets: passed
- ✓Current ratio improved: passed
- ✓Share count didn’t rise: passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 71.7%Last 12 months
Over the last 12 months, Lam Research’s net income was 71.7% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return. ROE can run this high when equity is small, for example after years of large share buybacks.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 36.7%Last 12 months
Over the last 12 months, Lam Research’s net income was 36.7% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.14 |
| 2017 | $0.19 |
| 2018 | $0.38 |
| 2019 | $0.45 |
| 2020 | $0.49 |
| 2021 | $0.56 |
| 2022 | $0.65 |
| 2023 | $0.75 |
| 2024 | $0.86 |
| 2025 | $0.98 |
| 2026 (to date) | $0.88 |
Dividend details
- $1.14Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- Dividend yield0.57%Last 12 months
- $0.36Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 14.9% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 10 yearsThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
- 17.0%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Lam Research Corp
Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe.
- Sector
- Technology
- Industry
- Semiconductor Equipment & Materials
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
LRCX news
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LRCX stock FAQ
What is LRCX stock’s price today?
Lam Research (LRCX) traded at $200.44 at the close on , up $15.24 (8.23%) from the previous close of $185.20. Over the past 52 weeks it has traded between $135.50 and $438.50.
If you invested $1,000 in LRCX 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in LRCX on would be worth about $24,073 at the close on , a total return of +2,307.3%. The same $1,000 would be worth $3,451 if invested five years ago, $1,242 if invested one year ago, $47,583 if invested 20 years ago, and $284,867 if invested 30 years ago. Past performance doesn’t predict future returns.
What is LRCX’s P/E ratio?
LRCX trades at 29.9 times its diluted earnings over the four quarters to ($6.71 per share), at the close. (How the P/E ratio works.)
How much revenue does Lam Research make?
Lam Research reported $26.1 billion of revenue over the four quarters to , up 33.4% from the twelve months before. In its latest quarter (Q1 FY27, ended ) revenue was $8.2 billion, up 54.4% from a year earlier.
Is Lam Research profitable?
Yes. Lam Research earned $8.4 billion of net income over the four quarters to , a net margin of 32.3%, and its operating margin was 37.0% (what margins tell you).
What are LRCX’s earnings per share?
LRCX’s diluted earnings per share were $6.71 over the four quarters to , compared with $4.53 in the twelve months before. The latest quarter (Q1 FY27) brought $2.19 per share, against $1.24 a year earlier (how EPS works).
Does LRCX pay a dividend?
Yes. Lam Research pays a quarterly dividend. The most recent was $0.36 per share, with an ex-dividend date of . Over the last twelve months it paid $1.14 per share, a 0.57% yield at the close, and the full-year dividend has risen 10 years in a row (how dividend yield works).
Based on the last 12 months’ payments ($1.14 per share), and if the next 12 months match the last 12, 100 shares would receive about $114 over 12 months, and $1,000 over 12 months would take about 879 shares, roughly $176,187 at the close. Dividends can change.
What is LRCX’s 52-week high and low?
Over the past 52 weeks LRCX has traded as low as $135.50 and as high as $438.50. At $200.44 at the close on , it is 54.3% below that high and 47.9% above the low.
What is LRCX’s all-time high?
LRCX’s highest closing price was $433.33 on , adjusted for stock splits. At $200.44 at the close on , it is 53.7% below that record.
Has LRCX stock ever split?
Yes, three times: 3-for-2 on ; 3-for-1 on ; 10-for-1 on . One share bought before the first split would be 45 shares today.
How has LRCX stock performed?
Including dividends and measured to the close on , LRCX has returned +17.4% so far this year and +24.2% over the past year, and +245.1% over five years (+28.1% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Lam Research in?
Lam Research is in the Technology sector and the Semiconductor Equipment & Materials industry, and is headquartered in California, USA.
What exchange does LRCX trade on?
Lam Research trades on the Nasdaq under the ticker symbol LRCX. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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