Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.
| Revenue (TTM) | $21.68B |
| Gross Profit (TTM) | $10.84B |
| EBITDA | $7.85B |
| Operating Margin | 35.00% |
| Return on Equity | 66.80% |
| Return on Assets | 22.80% |
| Revenue/Share (TTM) | $17.20 |
| Book Value | $8.46 |
| Price-to-Book | 41.38 |
| Price-to-Sales (TTM) | 19.22 |
| EV/Revenue | 20.15 |
| EV/EBITDA | 54.13 |
| Quarterly Earnings Growth (YoY) | 40.80% |
| Quarterly Revenue Growth (YoY) | 23.80% |
| Shares Outstanding | $1.25B |
| Float | $1.25B |
| % Insiders | 0.28% |
| % Institutions | 87.94% |
Volatility is currently expanding
FREMONT, Calif., July 8, 2026 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, July 29, 2026, beginning at 2:00 p.m.
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Lam Research Corp (NASDAQ:LRCX) and Applied Materials Inc (NASDAQ:AMAT) are contributing to the semiconductor and memory stock rally this morning, after Goldman Sachs hiked its price targets on both names to $380 and $645, respectively.
The goalposts have been moved this summer, and not just by Lionel Messi and Kylian Mbappe. Analysts at Susquehanna have boosted their market projections for the wafer fab equipment (WFE) industry, which bodes well for certain companies in the artificial intelligence ecosystem.
Semis put in a powerful performance in Q2 2026 thanks to things going its way, which more than made up for what happened in Q1 2026. It is not the only thing that matters, but if semis are to add to gains in H2 2026, AI will need to keep driving growth forward. The AI thesis remains intact, but recent developments leave open the possibility the thesis could still turn out to be flawed.
Lam Research (LRCX) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The latest trading day saw Lam Research (LRCX) settling at $391.17, representing a -9.73% change from its previous close.
Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
LRCX soars 153.9% in H1'26, and AI infrastructure demand, margin gains and advanced packaging growth may keep the stock's rally alive.
LRCX's AI-fueled demand for advanced memory, foundry and packaging tools could push Q4 gross margin above 50% for the first time.
