LRCX

NEUTRAL

$258.37 Live

Lam Research Corporation · NASDAQ

Target $281.23 (+8.8%)

$66.34 52W Range $273.5

LRCX Lam Research Corporation - Fundamental Analysis

NEUTRAL

Console Chart News

LRCX Stock | Fundamental Analysis & Investment Insights

NASDAQ • Technology • Semiconductor Equipment & Materials

Current Price Live

$258.37

Analyst Target

$281.23

+8.8% Upside

52W High

$273.5

52W Low

$66.34

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 22, 2026

Market cap

$324.52B

P/E

54.05

ROE

65.6%

Profit margin

30.2%

Debt/Equity

0.44

Dividend yield

0.4%

AI Analysis

AI-powered fundamental assessment

Confidence

85%

LRCX presents a dichotomy between operational excellence and valuation extremes. The Piotroski F-Score of 4/9 indicates stable financial health, but the stock is trading at a massive premium to its Graham Number ($29.53) and Intrinsic Value ($141.01). While the company boasts an exceptional ROE of 65.56% and a stellar 25-quarter earnings beat record, the technical trend (10/100) and bearish insider activity ($29.66M in sales) suggest the current price may be overextended. The company is a high-quality compounder currently priced for perfection.

Key Strengths

Exceptional profitability with ROE at 65.56% and Operating Margin at 33.87%

Consistent earnings track record with beats in nearly all of the last 25 quarters

Strong growth trajectory with 37% YoY earnings growth and 22.1% revenue growth

Solid liquidity position with a Current Ratio of 2.26 and low Debt/Equity of 0.44

Dominant market position in the semiconductor equipment sector

Key Risks

Severe valuation stretch with a P/B of 31.86 and P/S of 15.78

Bearish insider sentiment, specifically significant selling by the CFO and Directors

Highly bearish technical trend (10/100) indicating potential momentum reversal

High P/E ratio (54.05) leaves little room for error in future guidance

Cyclical exposure to the semiconductor capital expenditure cycle

AI Fair Value Estimate

Based on comprehensive analysis

$175.0

-32.3% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

High-Quality Growth, Overvalued Price

Key drivers: Operational efficiency, Earnings consistency, Valuation disconnect, Technical weakness

Confidence

90%

Value

20/100

Ref P/E 54.05, PEG 1.89, Graham Number $29.53

Positives

Forward P/E (36.10) is lower than trailing P/E

Watchpoints

Price is ~8.7x the Graham Number
Price is ~1.8x the Intrinsic Value
Extreme Price/Book ratio (31.86)

Future

85/100

Ref Revenue Growth 22.10%, Earnings Growth 37.00%

Positives

Strong YoY revenue and earnings growth
Consistent quarterly surprises
High demand for semiconductor equipment

Watchpoints

Growth must accelerate to justify current multiples

Past

95/100

Ref Historical earnings progression and price performance

Positives

Massive 5Y return of +343.5%
Unbroken streak of earnings beats over 25 quarters

Watchpoints

No urgent risks highlighted.

Health

55/100

Ref Piotroski F-Score 4/9, Debt/Equity 0.44

Positives

Low Debt/Equity (0.44)
Strong Current Ratio (2.26)

Watchpoints

Piotroski F-Score of 4/9 is only 'Stable', not 'Strong'

Dividend

30/100

Ref Yield 0.40%, Payout 20.12%

Positives

Very low payout ratio (20.12%) suggests room for growth

Watchpoints

Negligible dividend yield (0.40%)

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$258.37

Analyst Target

$281.23

Upside/Downside

+8.8%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for LRCX and closest competitors.

Updated 2026-04-21

Company	5Y	3Y	1Y	6M	1M	1W
LRCX Lam Research Corporation Primary	+343.5%	+414.2%	+317.2%	+78.6%	+10.7%	-5.2%
INTC Intel Corporation Peer	+21.1%	+125.5%	+234.6%	+76.8%	+48.3%	+0.5%
CSCO Cisco Systems, Inc. Peer	+72.5%	+61.6%	+28.8%	+14.7%	-2.3%	-4.0%
PLTR Palantir Technologies Inc. Peer	+532.2%	+1664.0%	+90.1%	-18.8%	-5.4%	+1.2%
IBM International Business Machines Corporation Peer	+232.3%	+136.3%	+50.0%	+16.0%	+9.5%	+0.3%

LRC

Lam Research Corporation

Primary

+343.5%

+414.2%

+317.2%

+78.6%

+10.7%

-5.2%

INT

Intel Corporation

Peer

+21.1%

+125.5%

+234.6%

+76.8%

+48.3%

+0.5%

CSC

Cisco Systems, Inc.

Peer

+72.5%

+61.6%

+28.8%

+14.7%

-2.3%

-4.0%

PLT

Palantir Technologies Inc.

Peer

+532.2%

+1664.0%

+90.1%

-18.8%

-5.4%

+1.2%

IBM

International Business Machines Corporation

Peer

+232.3%

+136.3%

+50.0%

+16.0%

+9.5%

+0.3%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

54.05

36.1

1.89

31.86

15.78

15.61

43.7

$324.52B

Profitability

Profit margins and return metrics

Profit Margin 30.22%

Operating Margin 33.87%

Gross Margin 49.8%

ROE 65.56%

ROA 21.05%

Growth

Revenue and earnings growth rates

Revenue Growth +22.1%

Earnings Growth +37.0%

Q/Q Revenue Growth +22.14%

Q/Q Earnings Growth +33.8%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.44

Low debt

Current Ratio

2.26

Strong

Quick Ratio

1.56

Excellent

Cash/Share

$4.95

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$5.3B

Gross Margin

49.6%

Op. Margin

33.9%

Net Margin

29.8%

Total Assets

$21.4B

Liabilities

$11.2B

Equity

$10.1B

Debt/Equity

1.11x

Operating CF

$1.5B

CapEx

$-0.3B

Free Cash Flow

$1.2B

FCF Yield

82%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-22

$N/A

2026-01-28

$1.27

+8.7% surprise

2025-10-22

$1.26

+3.3% surprise

2025-07-30

$1.33

+10.4% surprise

Technology Sector Comparison

Comparing LRCX against 565 companies in the Technology sector (45 bullish, 197 neutral, 323 bearish)

P/E Ratio

54.05

This Stock

82.88

Sector Avg

-34.8% (Discount)

Return on Equity (ROE)

65.56%

This Stock

-33.47%

Sector Avg

-295.9% (Below Avg)

Profit Margin

30.22%

This Stock

-11.75%

Sector Avg

-357.2% (Weaker)

Debt to Equity

0.44

This Stock

0.74

Sector Avg

-40.6% (Less Debt)

Revenue Growth

22.1%

This Stock

4383.21%

Sector Avg

-99.5% (Slower)

Current Ratio

2.26

This Stock

3.59

Sector Avg

-37.1% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
LRCX Lam Research Corporation	NEUTRAL	$324.52B	54.05	65.6%	30.2%	$258.37
INTC Intel Corporation	BEARISH	$327.72B	-	0.0%	-0.5%	$65.27	Compare
CSCO Cisco Systems, Inc.	NEUTRAL	$306.57B	27.91	23.8%	18.8%	$77.59	Compare
PLTR Palantir Technologies Inc.	NEUTRAL	$353.92B	231.22	26.0%	36.3%	$147.98	Compare
IBM International Business...	NEUTRAL	$285.74B	36.48	30.2%	12.1%	$305.69	Compare

LRCX Lam Research Corporation

NEUTRAL

Mkt Cap

$324.5B

P/E

54.1

ROE

65.6%

Price

$258.37

INTC Intel Corporation

Compare with LRCX

CSCO Cisco Systems, Inc.

Compare with LRCX

Compare with LRCX

Compare with LRCX

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-03-10	TALWALKAR ABHIJIT Y	Director	Gift	4,571	-
2026-03-04	BETTINGER DOUGLAS R	Chief Financial Officer	Sale	50,057	$11,214,270
2026-03-04	BETTINGER DOUGLAS R	Chief Financial Officer	Option Exercise	77,750	$5,116,038
2026-03-04	HARTER AVA	Officer	Sale	1,500	$333,990
2026-03-02	BETTINGER DOUGLAS R	Chief Financial Officer	Sale	40,329	$9,284,542
2026-03-02	BETTINGER DOUGLAS R	Chief Financial Officer	Option Exercise	66,310	$3,399,994
2026-03-02	HARTER AVA	Officer	Sale	4,000	$930,000
2026-02-27	FERNANDES NEIL J	Officer	Stock Award	8,274	-
2026-02-27	CORREIA CHRISTINA	Officer	Stock Award	16,159	-
2026-02-27	ARCHER TIMOTHY M	Chief Executive Officer	Stock Award	51,053	-
2026-02-27	BETTINGER DOUGLAS R	Chief Financial Officer	Stock Award	12,547	-
2026-02-27	HARTER AVA	Officer	Stock Award	7,106	-
2026-02-27	VAHEDI VAHID	Officer	Stock Award	9,053	-
2026-02-27	VARADARAJAN SESHASAYEE	Officer	Stock Award	12,547	-
2026-02-24	ARCHER TIMOTHY M	Chief Executive Officer	Gift	7,080	-

TALWALKAR ABHIJIT Y

Director

Gift

2026-03-10

4,571 shares

BETTINGER DOUGLAS R

Chief Financial Officer

Sell

2026-03-04

50,057 shares · $11,214,270

BETTINGER DOUGLAS R

Chief Financial Officer

Option Exercise

2026-03-04

77,750 shares · $5,116,038

HARTER AVA

Officer

Sell

2026-03-04

1,500 shares · $333,990

BETTINGER DOUGLAS R

Chief Financial Officer

Sell

2026-03-02

40,329 shares · $9,284,542

BETTINGER DOUGLAS R

Chief Financial Officer

Option Exercise

2026-03-02

66,310 shares · $3,399,994

HARTER AVA

Officer

Sell

2026-03-02

4,000 shares · $930,000

FERNANDES NEIL J

Officer

Stock Award

2026-02-27

8,274 shares

CORREIA CHRISTINA

Officer

Stock Award

2026-02-27

16,159 shares

ARCHER TIMOTHY M

Chief Executive Officer

Stock Award

2026-02-27

51,053 shares

BETTINGER DOUGLAS R

Chief Financial Officer

Stock Award

2026-02-27

12,547 shares

HARTER AVA

Officer

Stock Award

2026-02-27

7,106 shares

VAHEDI VAHID

Officer

Stock Award

2026-02-27

9,053 shares

VARADARAJAN SESHASAYEE

Officer

Stock Award

2026-02-27

12,547 shares

ARCHER TIMOTHY M

Chief Executive Officer

Gift

2026-02-24

7,080 shares

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K/A

2026-02-04

Lam Research Corporation filed an amendment to a previously submitted current report.

8-K

2026-02-03

Lam Research Corporation likely filed this 8-K to announce its quarterly financial results.

10-Q

2026-01-29

Lam Research Corporation (LRCX) filed its 10-Q quarterly report on January 29, 2026. The filing includes a section on risk factors under Item 1A, although specific financial highlights and detailed risk disclosures were not provided in the available excerpts.

8-K

2026-01-28

Lam Research Corporation announced its quarterly financial results.

8-K

2025-11-06

Lam Research Corporation filed an 8-K to announce its quarterly financial results.

10-Q

2025-10-24

Lam Research Corporation (LRCX) filed its 10-Q quarterly report on October 24, 2025. The filing includes a section on risk factors under Item 1A, although specific financial highlights and detailed risk disclosures were not provided in the available excerpts.

8-K

2025-10-22

Lam Research Corporation filed an 8-K on October 22, 2025, likely to announce its quarterly financial results.

DEF 14A

2025-09-24

8-K

2025-09-11

10-K

2025-08-11

8-K

2025-07-30

8-K

2025-05-21

10-Q

2025-04-25

8-K

2025-04-23

10-Q

2025-01-31

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

BUY

31 analysts

Susquehanna

2026-04-09

Maintains

Positive Positive

Morgan Stanley

2026-04-06

Maintains

Equal-Weight Equal-Weight

Barclays

2026-03-10

Maintains

Equal-Weight Equal-Weight

Morgan Stanley

2026-02-25

Maintains

Equal-Weight Equal-Weight

Morgan Stanley

2026-01-29

Maintains

Equal-Weight Equal-Weight

Goldman Sachs

2026-01-29

Maintains

Buy Buy

JP Morgan

2026-01-29

Maintains

Overweight Overweight

UBS

2026-01-29

Maintains

Buy Buy

Citigroup

2026-01-29

Maintains

Buy Buy

RBC Capital

2026-01-29

Maintains

Outperform Outperform

Past News Coverage

Recent headlines mentioning LRCX from our newsroom.

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LRCX

LRCX Lam Research Corporation - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Technology Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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