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Lam Research Corporation LRCX · Stock Open Lam Research Corporation in new tab

340.10 USD
P/E
54.63
EPS
5.75
Yield
0.35%
Safety Score
92
P/B
31.63
ROE
65.07
Beta
1.86
Target Price
373.77 USD
Lam Research Corporation logo

Lam Research Corporation

🧾 Earnings Recap – Q4 2026

Shares rallied 10.4% after Lam Research reported revenue and earnings driven by robust NAND growth and a sharply raised market outlook, signaling investor approval of its accelerating AI-driven demand and expanding addressable market.

  • June quarter revenue, operating margin, and EPS all hit new records, led by a doubling of NAND revenue sequentially.
  • Customer support segment grew strongly, boosted by upgrades and intelligent services demand.
  • Raised wafer fab equipment (WFE) outlook for calendar 2026 to low $150 billion from $140 billion previously, with upside bias.
  • September quarter revenue guidance of $8.1 billion implies more than 20% sequential growth.
  • Strong AI-driven structural tailwinds across NAND, foundry logic, DRAM, and advanced packaging are expanding Lam’s served available market faster than previously anticipated.
📅
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Key Metrics
Earnings dateOct. 21, 2026
P/E54.63
EPS5.75
Book Value9.97
Price to Book31.63
Debt/Equity33.05
% Insiders0.281%
Growth
Revenue Growth0.30%
Earnings Growth0.35%
Estimates
Forward P/E26.85
Forward EPS11.74
Target Mean Price373.77
Dividend
Dividend Yield0.35%
Annual dividends1.11 USD
Ex-Div. DateSept. 23, 2026
Payout17.49%
5y avg Yield1.09%

DCF Valuation

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Lam Research Corporation Logo Lam Research Corporation Analysis (LRCX)

United States Information Technology Official Website Stock

Is Lam Research Corporation a good investment? Lam Research Corporation (LRCX) is currently trading at 340.10 USD. Market analysts have a consensus price target of 373.77 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 54.63. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Lam Research Corporation is expected to release its next earnings report on Oct. 21, 2026. The market consensus estimate for Forward EPS is 11.74.

For income investors, Lam Research Corporation pays a dividend yield of 0.35%. With a payout ratio of 17%, the dividend appears sustainable.

Investor FAQ

Does Lam Research Corporation pay a dividend?

Yes, it pays an annual dividend of 1.11 USD (0.35% yield).

What asset class is Lam Research Corporation?

Lam Research Corporation is classified as a Stock. You can compare it against 3 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 21, 2026. The company currently has a trailing EPS of 5.75.

Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. 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, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system designed to enhance etch precision, selectivity, and defect control; Argos, Prevos, and Selis, which are selective etch systems used in the fabrication of advanced logic and memory devices that require precise control at nanoscale dimensions; Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for deep silicon etch; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; Sense.i platform products; and customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Exchange Ticker
US5128073062
NMS (United States) LRCX
LAR0.F
Trades
Dividend Yield
0.35%
5y avg 1.09%
Annual Dividends
1.11USD
Next Ex. Div Date
Sept. 23, 2026
Payout Ratio
17.49%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
0.90 USD
July 14, 2027 (estimated) 0.2986
April 14, 2027 (estimated) 0.2986
Jan. 13, 2027 (estimated) 0.2986
▸2026
1.11 USD
Oct. 14, 2026 0.3300
July 8, 2026 0.2600
April 8, 2026 0.2600
Jan. 7, 2026 0.2600
▸2025
0.95 USD
Oct. 15, 2025 0.2600
July 9, 2025 0.2300
April 9, 2025 0.2300
Jan. 8, 2025 0.2300
▸2024
8.30 USD
Oct. 1, 2024 2.3000
July 10, 2024 2.0000
April 3, 2024 2.0000
Jan. 3, 2024 2.0000
▸2023
7.18 USD
Oct. 4, 2023 2.0000
July 5, 2023 1.7250
April 5, 2023 1.7250
Jan. 4, 2023 1.7250
▸2022
6.23 USD
Oct. 5, 2022 1.7250
July 6, 2022 1.5000
April 6, 2022 1.5000
Jan. 5, 2022 1.5000
▸2021
5.40 USD
Oct. 13, 2021 1.5000
July 7, 2021 1.3000
April 7, 2021 1.3000
Jan. 6, 2021 1.3000
▸2020
4.75 USD
Oct. 14, 2020 1.3000
July 8, 2020 1.1500
April 8, 2020 1.1500
Jan. 8, 2020 1.1500
▸2019
3.35 USD
Oct. 16, 2019 1.1500
July 10, 2019 1.1000
April 10, 2019 1.1000
▸2018
4.30 USD
Dec. 26, 2018 1.1000
Sept. 26, 2018 1.1000
June 27, 2018 1.1000
March 28, 2018 0.5000
Jan. 10, 2018 0.5000
▸2017
1.80 USD
Oct. 4, 2017 0.4500
June 28, 2017 0.4500
March 29, 2017 0.4500
Jan. 4, 2017 0.4500
▸2016
1.20 USD
Sept. 28, 2016 0.3000
June 29, 2016 0.3000
April 6, 2016 0.3000
Jan. 6, 2016 0.3000
▸2015
0.96 USD
Sept. 30, 2015 0.3000
July 1, 2015 0.3000
April 1, 2015 0.1800
Jan. 7, 2015 0.1800
▸2014
0.36 USD
Oct. 1, 2014 0.1800
July 2, 2014 0.1800
Upcoming Dividends
Name Payment Date Status Amount
Lam Research Corporation Oct 14, 2026 Upcoming 0.33 USD
Lam Research Corporation Jul 08, 2026 0.26 USD
Lam Research Corporation Apr 08, 2026 0.26 USD
Lam Research Corporation Jan 07, 2026 0.26 USD
Stock Splits
Split Date Split Ratio to 1
Sept. 16, 1993 1.5
March 17, 2000 3:1
Oct. 3, 2024 10:1
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