What is Lam Research's market cap?

Lam Research (LRCX) has a market capitalization of $416.63B and trades on NASDAQ.

What is Lam Research's revenue and profitability?

Lam Research generated $21.7B in trailing twelve-month revenue with net income of $6.7B, representing a net margin of 30.9%. Gross margin stands at 50.0%, with free cash flow of $6.0B. These figures are based on the Q1 2026 filing.

Who are Lam Research's competitors?

Lam Research's key competitors include KLA Corporation, Applied Materials, Inc., Axcelis Technologies Inc, and others. These companies compete in similar markets and product categories.

Who does Lam Research partner with?

Lam Research's notable partners include Samsung Electronics Company, Ltd., Taiwan Semiconductor Manufacturing Company, SEMI.

What subsidiaries does Lam Research have?

Lam Research's subsidiaries include Novellus Systems, Inc..

Where is Lam Research headquartered?

Lam Research is headquartered in United States of America and employs approximately 17,200 people. It has been publicly traded since 1984.

Lam Research

LRCX

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

Market cap

$416.63B+230%

Revenue$21.7B+26.5%

Net income$6.7B+44.0%

Free cash flow$6.0B+58.3%

EPS (diluted)$5.29+47.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q3 2026 report

April 22, 2026

Revenue$5.8BBeat by $91.1M EPS$1.47Beat by $0.11

Read the full report

Next report

Jul 29, 2026 (In 2 weeks)

Revenue estimate$6.6B

EPS estimate$1.68

Financials

Q3 2026

Income statement

See full

Revenue$5.8B+23.8%

Gross profit$2.9B+25.8%

Operating income$2.0B+31.1%

Net income$1.8B+37.2%

EPS (diluted)$1.45+40.8%

Balance sheet

See full

Cash & equivalents$4.8B-12.7%

Total debt$3.7B-16.7%

Total equity$10.6B+11.3%

Total assets$20.8B+4.1%

Cash flow

See full

Operating cash flow$1.1B-12.8%

CapEx$331.6M+15.1%

Free cash flow$809.8M-20.7%

Valuation & ratios

Valuation

See full

Market cap$407.85B+230%

Enterprise value$406.82B+233%

P/E60.8×+37.7×

P/S18.8×+12.1×

Profitability

See full

Gross margin50%+2.0pp

Operating margin34.3%+3.4pp

Net margin30.9%+3.8pp

FCF margin27.7%+5.6pp

Returns & leverage

See full

Return on equity66.8%+13.6pp

Debt / equity0.4×-0.1×

Current ratio2.5×+0.1×

Segments

By segment

See full

Reportable Segment$5.8B+23.8%

Competitors

By market cap

Applied Materials$440.25B+189%

Lam Research$407.85B+223%

KLA Corporation$282.77B+132%

Entegris$20.6B+57.2%

ACM Research$6.5B+272%

Axcelis Technologies$4.0B+72.5%

Veeco Instruments$3.3B+164%

Amtech Systems$312.4M+382%

By revenue growth

Lam Research+26.5%

ACM Research+19.7%

KLA Corporation+13.4%

Applied Materials+3.3%

Entegris-0.3%

Veeco Instruments-7.7%

Axcelis Technologies-11.8%

Amtech Systems-13.2%

By net margin

KLA Corporation35.66%+3.7pp

Lam Research30.94%+3.8pp

Applied Materials29.31%+5.3pp

Axcelis Technologies11.93%-6.6pp

ACM Research9.48%-3.8pp

Entegris8.18%-1.4pp

Veeco Instruments3.53%-5.5pp

Amtech Systems1.75%+36.5pp

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 the sophisticated process technologies required to build advanced memory and logic devices. Its core value proposition lies in integrating hardware, chemistry, and process control to enable vertical scaling and atomic-scale precision for the world's leading semiconductor manufacturers.

Competitive position

A leading global supplier of wafer fabrication equipment with a dominant position in the deposition and etch markets, particularly for 3D NAND and advanced logic scaling.

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, Sub-assembly manufacturers, Outsourced logistics and warehousing providers, Raw material suppliers for chemistry and gases

CustomersSamsung Electronics, Taiwan Semiconductor Manufacturing Company (TSMC), Intel Corporation, SK Hynix, Micron Technology

CountryUnited States of America

Listed1984

Employees17.2K

CEOTimothy Archer

SectorTechnology

IndustrySemiconductors

Websitelamresearch.com

FilingsSEC EDGAR

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Questions, answered.

What is Lam Research's market cap?: Lam Research (LRCX) has a market capitalization of $416.63B and trades on NASDAQ.
What is Lam Research's revenue and profitability?: Lam Research generated $21.7B in trailing twelve-month revenue with net income of $6.7B, representing a net margin of 30.9%. Gross margin stands at 50.0%, with free cash flow of $6.0B. These figures are based on the Q1 2026 filing.
Who are Lam Research's competitors?: Lam Research's key competitors include KLA Corporation, Applied Materials, Inc., Axcelis Technologies Inc, and others. These companies compete in similar markets and product categories.
Who does Lam Research partner with?: Lam Research's notable partners include Samsung Electronics Company, Ltd., Taiwan Semiconductor Manufacturing Company, SEMI.
What subsidiaries does Lam Research have?: Lam Research's subsidiaries include Novellus Systems, Inc..
Where is Lam Research headquartered?: Lam Research is headquartered in United States of America and employs approximately 17,200 people. It has been publicly traded since 1984.