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) | $23.23B |
| Gross Profit (TTM) | $11.73B |
| EBITDA | $8.64B |
| Operating Margin | 37.40% |
| Return on Equity | 65.10% |
| Return on Assets | 22.80% |
| Revenue/Share (TTM) | $18.51 |
| Book Value | $9.97 |
| Price-to-Book | 31.20 |
| Price-to-Sales (TTM) | 14.22 |
| EV/Revenue | 16.47 |
| EV/EBITDA | 43.19 |
| Quarterly Earnings Growth (YoY) | 34.80% |
| Quarterly Revenue Growth (YoY) | 30.00% |
| Shares Outstanding | $1.25B |
| Float | $1.25B |
| % Insiders | 0.28% |
| % Institutions | 88.79% |
Volatility is currently contracting
Beyond analysts' top-and-bottom-line estimates for Lam Research (LRCX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2026.
In Q3 2026, 149 dividend-paying stocks announced increases, with an average hike of 7.93% and a median yield of 2.79%. Financials led sector increases, while Health Care posted the highest average increase; larger increases correlated with lower yields. Three companies cut dividends, all flagged as low quality or with weak safety scores prior to the reduction. Six companies declared special dividends.
In Q3 2026, the Portfolio returned 4.46% (net of fees) compared to 0.92% for the Index. Top relative contributors to the Portfolio's performance included ServiceNow, Shopify and Microsoft. By contrast, the largest relative detractors in the quarter were Nvidia, Apple (not owned) and Lam Research.
The consensus price target hints at a 25.6% upside potential for Lam Research (LRCX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Semiconductor equipment stocks are giving back ground after a strong year powered by artificial intelligence (AI) spending. Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) stock is at $461.
Lam Research delivered a record Q4 FY26, with revenue up nearly 30% year-on-year to $6.72 billion and strong performance across both segments. AI-driven semiconductor investments and increasing process complexity are expected to sustain robust demand for LRCX's etch and deposition equipment through FY27, supporting topline momentum. Strong volumes, favorable pricing, and a mix are expected to support further margin expansion through FY27.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I track an investable universe of 50 high-quality dividend growth stocks to identify attractive entry points based on valuation and future return potential. Applied Materials, D.R. Horton, and Home Depot saw notable ranking improvements due to upgraded EPS growth estimates and/or favorable valuation shifts. 44 out of 50 stocks currently offer a forward return estimate of at least 10%, with 32 appearing potentially undervalued based on free cash flow mean reversion.
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Lam Research turned a modest stake into a life-changing sum over ten years, but the ride included three gut-wrenching collapses that pushed most investors to bail out long before the biggest gains arrived.
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