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Lam Research Corporation (LRCX) is a technology company in the semiconductor equipment & materials industry with $23.23B in trailing revenue trading at a 51.7× trailing P/E — analyst consensus: strong buy.
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.
Key Statistics
Market Cap
$384.51B
Revenue (TTM)
$23.23B
EPS (TTM)
$5.94
EPS (Fwd est.)
$11.74
Employees
23,300
Trailing P/E
51.73
Forward P/E
26.17
PEG Ratio
1.45
Price / Sales
16.55
Price / Book
30.83
EV / EBITDA
44.33
Beta (5Y)
1.86
Analyst Consensus
Consensus
Strong Buy
Analyst Price Target
+21.6% upside
Target: $373.77
Annual Revenue & Net Income
RevenueNet Income
'23
$17.43B
$4.51B
'24
$14.91B
$3.83B
'25
$18.44B
$5.36B
'26
$23.23B
$7.27B
Earnings History
Quarter
Actual EPS
Estimate
Result
Jul 2026
$1.82
$1.68
Beat (+8.1%)
Apr 2026
$1.47
$1.36
Beat (+7.9%)
Jan 2026
$1.27
$1.17
Beat (+8.7%)
Oct 2025
$1.26
$1.22
Beat (+3.3%)
Next Earnings Report
Lam Research Corporation is next expected to report earnings on 21 Oct 2026.
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 deposi…
What is LRCX's market cap?
Lam Research Corporation has a market capitalization of approximately $384.51B.
What is LRCX's P/E ratio?
Lam Research Corporation trades at a trailing P/E ratio of 51.7x and a forward P/E of 26.2x, which is above the broad market average of ~25x.
How much revenue does LRCX generate?
Lam Research Corporation generated $23.23B in trailing 12-month revenue.
What do analysts say about LRCX?
The analyst consensus rating for Lam Research Corporation is strong buy, with a mean price target of $373.77. That implies +21.6% upside from the current price.
When does LRCX report earnings?
Lam Research Corporation is next scheduled to report earnings on 21 Oct 2026.
Does LRCX pay a dividend?
Yes. Lam Research Corporation pays a dividend with a current yield of 0.42%, at an annual rate of $1.32 per share.
View live charts, options flow, gamma exposure, earnings history, and technical analysis for Lam Research Corporation on Apsis Markets.