Lam Research Corp LRCX

What the company does

Lam Research Corp is a mega-cap company in the Technology sector (Semiconductor Equipment & Materials), with a market value of $288.0B, based in the USA.

It employs about 23,300 people and has been listed since May 11, 1984.

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

Cheap or expensive? priced in line with its group

Its price-to-earnings (P/E) is 34.3 versus 38.7 for the median of the Technology sector in our universe (65 companies) — priced in line with its group.

Revenue is growing 54% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 33.7 — they expect higher earnings.

The average analyst price target is 364.03, 58% above the current price (their view, not ours).

The stock sits at 31% of its one-year range (0% = the low, 100% = the high).

The risks

• • The stock is more volatile than average (beta 1.9) — big daily moves both ways.
• • The stock is 47% below its one-year high.

Strengths

• ✅ Profitable — 34 of every 100 dollars of revenue stays as profit.
• ✅ Generates free cash flow — profit becomes cash in the bank.
• ✅ Buys back its shares (1% fewer shares in a year).
• ✅ More cash than debt.
• ✅ Most analysts rate it buy (29 vs 0).
• ✅ Revenue is growing 54% a year.
• ✅ Pays a dividend (0.5% a year).

What changed this week

Over the past week the stock fell 12.8% (for comparison: S&P 500 -0.4%, sector ETF XLK -0.1%).

The company published its quarterly report this week — see the plain-language summary above.

This week's news

• Lam Research (LRCX) Stock Faces Q1 Earnings Quality Questions After Records finance.yahoo.com · 2026-10-24
  What the article says

  Lam Research just posted its Q1 2027 scorecard with record revenue of US$8.22b and non GAAP earnings per share of US$2.20, yet the stock barely flinched. The share price slipped a fraction to around US$230, essentially flat on the day after a tough few weeks where the stock has fallen about 25% over three months.… source ↗

• The AI Trade Is Shifting From Chip Stocks to Cybersecurity finance.yahoo.com · 2026-10-24
  What the article says

  Software leaders got a big boost this week and chip stocks were crushed as the AI tech investing landscape continues to shift. Continue Reading source ↗

• 3 Growth Stocks To Watch With Up To 103% Earnings Growth finance.yahoo.com · 2026-10-24
  What the article says

  Investor enthusiasm for artificial intelligence has cooled as some smaller AI infrastructure firms struggle with heavy debt and patchy demand, which puts more focus on businesses that can grow earnings without relying on ultra-cheap money. That is where financially sound, high growth candidates come in. This article… source ↗

• Semiconductors stocks Q3 earnings review: Penguin Solutions (NASDAQ:PENG) shines finance.yahoo.com · 2026-10-24
  What the article says

  Semiconductors stocks Q3 earnings review: Penguin Solutions (NASDAQ:PENG) shines As the Q3 earnings season wraps, let's dig into this quarter's best and worst performers in the semiconductors industry, including Penguin Solutions (NASDAQ:PENG) and its peers. The semiconductor industry is driven by cyclical demand for… source ↗

• 3 Large Cap US Growth Stocks Facing The Next Fed Test finance.yahoo.com · 2026-10-23
  What the article says

  Fed policy is back in the spotlight, with rates likely on hold now but fresh hikes still on the table and every word from Chair Warsh a potential spark for volatility. That mix can quickly reshuffle which large-cap U.S. growth stocks investors reward or avoid, especially in rate-sensitive corners of tech and consumer… source ↗

• US Equity Indexes Close Mixed This Week as Investors Rotate into Treasury Bonds, Defensives as AI Trade Falters finance.yahoo.com · 2026-10-23
  What the article says

  US equity indexes closed mix this week as the so-called AI trade faltered following corporate result PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in source ↗

What changed since last week

• Risk flag cleared: earnings report coming up.

• The price fell 19.8% since the last summary.

• The average analyst target moved from 375.81 to 364.03.

• A new quarterly report was published (quarter ended Sep 30, 2026).