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Lam Research LRCX Price / earnings

Price / earnings at other companies

Applied Materials logo
Applied MaterialsAMAT
36.8×+18.7×
KLA Corporation logo
KLA CorporationKLAC
41.3×+16.9×
Entegris logo
EntegrisENTG
67.4×+24.8×
Amkor Technology logo
Amkor TechnologyAMKR
25.5×+11.4×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
68×-70.0×
Keysight Technologies logo
Keysight TechnologiesKEYS
56.9×

Other financials

Income statement

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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

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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

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Operating cash flow$1.1B-12.8%
CapEx$331.6M+15.1%
Free cash flow$809.8M-20.7%

Valuation

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Market cap$467.94B+186%
Enterprise value$466.91B+188%
P/S21.6×+12.0×

Profitability

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Gross margin50%+2.0pp
Operating margin34.3%+3.4pp
Net margin30.9%+3.8pp

Returns & leverage

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Return on equity66.8%+13.6pp
Debt / equity0.4×-0.1×
Current ratio2.5×+0.1×

Where this comes from

Calculated from Lam Research’s reported figures.

Based on the most recent quarter.

The official record: Lam Research’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lam Research's price / earnings?
Lam Research (LRCX) reported price / earnings of 39.8× in Q1 2026.
How has Lam Research's price / earnings changed year-over-year?
Lam Research's price / earnings increased by 98.5% year-over-year, from 20× to 39.8×.
What is the long-term trend for Lam Research's price / earnings?
Over 4 years (2021 to 2025), Lam Research's price / earnings has grown at a 0.7% compound annual growth rate (CAGR), from 88× to 90.6×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.