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

343.84 USD
P/E
57.70
EPS
5.76
Yield
0.31%
Safety Score
92
P/B
39.27
ROE
65.07
Beta
1.87
Target Price
368.94 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. 28, 2026
P/E57.70
EPS5.76
Book Value8.46
Price to Book39.27
Debt/Equity33.05
% Insiders0.280%
Growth
Revenue Growth0.30%
Earnings Growth0.35%
Estimates
Forward P/E28.76
Forward EPS11.56
Target Mean Price368.94
Dividend
Dividend Yield0.31%
Annual dividends1.04 USD
Ex-Div. DateJune 17, 2026
Payout17.49%
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 343.84 USD. Market analysts have a consensus price target of 368.94 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 57.70. 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. 28, 2026. The market consensus estimate for Forward EPS is 11.56.

For income investors, Lam Research Corporation pays a dividend yield of 0.31%. 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 1.04 USD (0.31% 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 Oct. 28, 2026. The company currently has a trailing EPS of 5.76.

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
Trades
Dividend Yield
0.31%
5y avg 1.09%
Annual Dividends
1.04USD
Next Ex. Div Date
June 17, 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
1.08 USD
Oct. 14, 2026 (estimated) 0.2999
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 Jul 08, 2026 0.26 USD
Lam Research Corporation Apr 08, 2026 0.26 USD
Lam Research Corporation Jan 07, 2026 0.26 USD
Lam Research Corporation Oct 15, 2025 0.26 USD
Stock Splits
Split Date Split Ratio to 1
Sept. 16, 1993 1.500000
March 17, 2000 3.000000
Oct. 3, 2024 10.000000
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