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Lam Research Corp.

LRCX

Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.

Market cap
$391.51B+198%
Revenue$23.2B+26.0%
Net income$7.3B+35.6%
Free cash flow$4.9B-9.7%
EPS (diluted)$5.76+38.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$8.1B
EPS estimate$2.15

Financials

Q4 2026

Income statement

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Revenue$6.7B+30.0%
Gross profit$3.5B+34.3%
Operating income$2.5B+44.4%
Net income$2.3B+32.4%
EPS (diluted)$1.81+35.1%

Balance sheet

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Cash & equivalents$5.6B-12.9%
Total debt$4.1B-13.3%
Total equity$12.5B+26.5%
Total assets$23.5B+10.2%

Cash flow

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Operating cash flow$1.5B-42.9%
CapEx$188.8M+9.6%
Free cash flow$1.3B-46.7%

Valuation & ratios

Valuation

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Market cap$391.51B+198%
Enterprise value$390.06B+201%
P/E53.9×+29.4×
P/S16.9×+9.7×

Profitability

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Gross margin50.5%+1.8pp
Operating margin35.3%+3.3pp
Net margin31.3%+2.2pp
FCF margin21.1%-8.3pp

Returns & leverage

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Return on equity65.1%+6.8pp
Debt / equity0.3×-0.2×
Current ratio2.6×+0.4×

Segments

By segment

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Reportable Segment$6.7B+30.0%

Competitors

Profile

Lam Research is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. The company specializes in nanoscale manufacturing enablement, providing sophisticated process technologies for deposition, etch, and clean applications. Its solutions enable semiconductor manufacturers to produce smaller, higher-performing devices for artificial intelligence, cloud infrastructure, mobile, and automotive markets.

Competitive position

Lam Research is a market leader in deposition and etch technologies, maintaining a massive global installed base that drives significant recurring service and spares revenue.

GeographiesUnited States, China, Taiwan, Korea, Japan, Europe, Southeast Asia
Customer segmentsSemiconductor Foundries, Memory Manufacturers, Integrated Device Manufacturers
Business modelHardware manufacturing, Aftermarket services, Equipment leasing and refurbishment
SuppliersSpecialized component suppliers, Outsourced manufacturing partners, Raw material providers for chemistry and plasma
CustomersSamsung Electronics, TSMC, Micron Technology, SK hynix, Intel Corporation
Listed1984
Employees17.2K
CEOTimothy Archer
FilingsSEC EDGAR

FAQ

What is Lam Research Corp.'s market cap?
Lam Research Corp. (LRCX) has a market capitalization of $391.51B and trades on NASDAQ.
What is Lam Research Corp.'s revenue and profitability?
Lam Research Corp. generated $23.2B in trailing twelve-month revenue with net income of $7.3B, representing a net margin of 31.3%. Gross margin stands at 50.5%, with free cash flow of $4.9B. These figures are based on the Q2 2026 filing.
Who are Lam Research Corp.'s competitors?
Lam Research Corp.'s key competitors include Applied Materials, Inc., KLA Corporation, Veeco Instruments Inc, and others. These companies compete in similar markets and product categories.
Who does Lam Research Corp. partner with?
Lam Research Corp.'s notable partners include Micron Technology, Inc., Samsung Electronics Company, Ltd., SK hynix Inc., and others.
What subsidiaries does Lam Research Corp. have?
Lam Research Corp.'s subsidiaries include Novellus Systems, Inc..
Where is Lam Research Corp. headquartered?
Lam Research Corp. is headquartered in United States of America and employs approximately 17,200 people. It has been publicly traded since 1984.