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LR

Lam Research Corporation

LRCXTechnologyNASDAQ

Semiconductor Equipment & Materials

PriceMA150MA200
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Financials · Annual
Revenue
$18.44B
+23.7% YoY
Net Income
$5.36B
+40.0% YoY
EBITDA
$6.52B
+33.0% YoY
Free Cash Flow
$4.35B

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About Lam Research Corporation

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China,. The company carries a $396.58B market cap, placing it firmly in the mega-cap category. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products.

Key stats
Market Cap$396.58B
P/E (TTM)59.83
Fwd P/E39.93
EPS$5.30
Beta1.82
52W Change+279.1%
Dividend Yield0.33%
ROE66.8%
Analysis

With $4.75B in cash and $3.73B in debt, LRCX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow comes in at $4.35B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 66.8% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 22.8% further supports the picture of efficient asset utilization. Revenue has been relatively flat, moving from $17.23B (2022) to $18.44B (2025).

With a beta above 1.5, LRCX tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. At over 50x earnings, LRCX carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. No single metric tells the full story. Reviewing LRCX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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