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277.96 USD
P/E
52.64
EPS
5.28
Yield
0.35%
Safety Score
97
P/B
32.84
ROE
66.76
Beta
1.82
Target Price
311.66 USD
Lam Research Corporation logo

Lam Research Corporation

🧾 Earnings Recap – Q2 2026

Lam Research Corporation reported strong financial results for Q4 2025, surpassing revenue and margin expectations amidst heightened semiconductor demand driven by AI advancements.

  • Q4 2025 revenues exceeded guidance, with gross margins and EPS reaching record highs.
  • Achieved over $20 billion in total revenue for 2025, with substantial market share gains in wafer fabrication equipment (WFE).
  • Advanced packaging segment expected to grow over 40% in 2026, significantly outpacing overall WFE growth.
  • Customer demand for NAND is accelerating, presenting opportunities for increased revenues driven by AI applications.
  • Lam's innovation pipeline, including the Aqara etch system, positions the company to capitalize on complex device architectures and shrinking critical dimensions in semiconductor manufacturing.
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Key Metrics
Earnings dateJuly 29, 2026
P/E52.64
EPS5.28
Book Value8.46
Price to Book32.84
Debt/Equity35.28
% Insiders0.276%
Growth
Revenue Growth0.24%
Earnings Growth0.41%
Estimates
Forward P/E35.11
Forward EPS7.92
Target Mean Price311.66
Dividend
Dividend Yield0.35%
Annual dividends1.01 USD
Ex-Div. DateMarch 4, 2026
Payout18.49%
5y avg Yield1.09%

DCF Valuation

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DCF Result

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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 277.96 USD. Market analysts have a consensus price target of 311.66 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 52.64. 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 July 29, 2026. The market consensus estimate for Forward EPS is 7.92.

For income investors, Lam Research Corporation pays a dividend yield of 0.35%. With a payout ratio of 18%, the dividend appears sustainable.

Investor FAQ

Does Lam Research Corporation pay a dividend?

Yes, it pays an annual dividend of 1.01 USD (0.35% yield).

What asset class is Lam Research Corporation?

Lam Research Corporation is classified as a Stock. You can compare it against 6 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be July 29, 2026. The company currently has a trailing EPS of 5.28.

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 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. It also provides 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 through-silicon via etch applications; 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; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Exchange Ticker
SAO (Brazil) L1RC34.SA
NMS (United States) LRCX
GER (Germany) LAR.DE
MEX (Mexico) LRCX.MX
VIE (Austria) LRCX.VI
FRA (Germany) LAR.F
Dividend Yield

0.35% (5y avg: 1.09%)

Annual Dividends

1.01 USD

Next ex. div date

March 4, 2026

Payout Ratio

18.49%

Historical Dividends
Year Total Dividends
2027 0.60 USD
2026 1.08 USD
2025 0.95 USD
2024 0.83 USD
2023 0.72 USD
2022 0.62 USD
2021 0.54 USD
2020 0.48 USD
2019 0.34 USD
2018 0.43 USD
2017 0.18 USD
2016 0.12 USD
2015 0.10 USD
2014 0.04 USD

Yearly aggregated dividends

Dividends

Lam Research Corporation
Apr 08, 2026 Paid
Dividend
0.26 USD
Lam Research Corporation
Jan 07, 2026 Paid
Dividend
0.26 USD
Lam Research Corporation
Oct 15, 2025 Paid
Dividend
0.26 USD
Lam Research Corporation
Jul 09, 2025 Paid
Dividend
0.23 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
March 17, 2000 3.000000
Oct. 3, 2024 10.000000
Sept. 16, 1993 1.500000
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