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Semicap·LRCX
Lam Research Corporation
NASDAQ · US
Etch, deposition, and wafer-clean equipment supplier for logic, NAND, DRAM, and advanced packaging.
AI relevance
Core process-equipment supplier to AI compute and HBM manufacturing ramps.
Price
$364.78
Change
-6.55 (-1.76%)
Market cap
$456.2B
52w range
$91–$410
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
LRCX market performance
Daily close for Lam Research Corporation
- Latest close
- $365.4
- Range move
- +$269.8 (+282.1%)
- Range high
- $409.5
- Range low
- $94.84
- Latest volume
- 4.9M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
81 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus50 ratings
Strong buy
0
Buy
39
Hold
10
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-29 | $23.18B | $22.48B - $23.44B | $5.69 | $5.63 - $5.99 | $7.71B | $7.22B | $7.49B | $1.24B | 25 rev / 22 EPS |
| 2027-06-29 | $30.79B | $28.38B - $32.21B | $8.07 | $7.46 - $8.63 | $10.24B | $9.59B | $9.93B | $1.65B | 24 rev / 21 EPS |
| 2028-06-29 | $36.13B | $36.08B - $36.19B | $9.87 | $7.67 - $10.78 | $12.01B | $11.25B | $10.94B | $1.93B | 20 rev / 10 EPS |
| 2029-06-29 | $40.77B | $38.60B - $43.97B | $11.36 | $10.57 - $12.51 | $13.56B | $12.70B | $14.65B | $2.18B | 10 rev / 8 EPS |
| 2030-06-29 | $44.93B | $42.54B - $48.45B | $13.22 | $12.31 - $14.57 | $14.94B | $13.99B | $17.06B | $2.40B | 10 rev / 8 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-29 | $6.65B | $6.56B - $6.79B | $1.68 | $1.40 - $1.78 | $2.21B | $2.07B | $2.11B | $355.4M | 17 rev / 18 EPS |
| 2026-09-29 | $7.05B | $6.91B - $7.31B | $1.81 | $1.76 - $1.89 | $2.34B | $2.20B | $2.28B | $377.1M | 16 rev / 17 EPS |
| 2026-12-29 | $7.51B | $7.29B - $8.00B | $1.96 | $1.89 - $2.13 | $2.50B | $2.34B | $2.47B | $401.8M | 13 rev / 7 EPS |
| 2027-03-29 | $7.86B | $7.63B - $8.37B | $2.09 | $2.01 - $2.26 | $2.61B | $2.45B | $2.62B | $420.5M | 9 rev / 7 EPS |
| 2027-06-29 | $8.33B | $8.08B - $8.87B | $2.25 | $2.17 - $2.44 | $2.77B | $2.59B | $2.83B | $445.5M | 8 rev / 15 EPS |
| 2027-09-29 | $8.39B | $8.14B - $8.93B | $2.28 | $2.19 - $2.47 | $2.79B | $2.61B | $2.87B | $448.5M | 8 rev / 9 EPS |
| 2027-12-29 | $8.74B | $8.48B - $9.30B | $2.40 | $2.31 - $2.61 | $2.90B | $2.72B | $3.02B | $467.2M | 13 rev / 7 EPS |
| 2028-03-29 | $9.44B | $9.16B - $10.05B | $2.67 | $2.57 - $2.89 | $3.14B | $2.94B | $3.36B | $504.7M | 8 rev / 9 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 8 | $420.63 |
| Last quarter | 18 | $364.50 |
| Last year | 72 | $255.18 |
| All time | 124 | $181.31 |
Sources: TheFly, StreetInsider, Benzinga, MarketWatch, Pulse 2.0, TipRanks Contributor
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-23 | B of A Securities | Maintain | Buy | Buy |
| 2026-06-22 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-06-17 | Citigroup | Maintain | Buy | Buy |
| 2026-06-15 | Oppenheimer | Maintain | Outperform | Outperform |
| 2026-06-11 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-06-10 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-06-09 | UBS | Maintain | Buy | Buy |
| 2026-06-01 | Wells Fargo | Maintain | Overweight | Overweight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 4 | 25 | 6 | 1 | 1 |
| 2026-05-01 | 4 | 25 | 7 | 0 | 1 |
| 2026-04-01 | 3 | 24 | 9 | 0 | 1 |
| 2026-03-01 | 3 | 24 | 9 | 0 | 1 |
| 2026-02-01 | 3 | 24 | 9 | 0 | 1 |
| 2026-01-01 | 3 | 23 | 11 | 0 | 1 |
| 2025-12-01 | 2 | 21 | 11 | 0 | 1 |
| 2025-11-01 | 2 | 21 | 10 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $18.44B | $8.98B | 48.7% | $2.10B | $5.90B | $6.34B | $5.36B | $4.17 |
| FY 2024 | $14.91B | $7.05B | 47.3% | $1.90B | $4.26B | $4.91B | $3.83B | $2.91 |
| FY 2023 | $17.43B | $7.78B | 44.6% | $1.73B | $5.17B | $5.64B | $4.51B | $3.33 |
| FY 2022 | $17.23B | $7.87B | 45.7% | $1.60B | $5.38B | $5.71B | $4.61B | $3.29 |
| FY 2021 | $14.63B | $6.81B | 46.5% | $1.49B | $4.48B | $4.89B | $3.91B | $2.72 |
| FY 2020 | $10.04B | $4.61B | 45.9% | $1.25B | $2.67B | $3.02B | $2.25B | $1.56 |
| FY 2019 | $9.65B | $4.36B | 45.1% | $1.19B | $2.46B | $2.87B | $2.19B | $1.44 |
| FY 2018 | $11.08B | $5.17B | 46.6% | $1.19B | $3.21B | $3.58B | $2.38B | $1.47 |
| FY 2017 | $8.01B | $3.60B | 45.0% | $1.03B | $1.90B | $2.24B | $1.70B | $1.05 |
| FY 2016 | $5.89B | $2.62B | 44.5% | $913.7M | $1.07B | $1.39B | $914.0M | $0.58 |
| FY 2015 | $5.26B | $2.28B | 43.4% | $825.2M | $788.0M | $1.09B | $655.6M | $0.41 |
| FY 2014 | $4.61B | $2.01B | 43.6% | $716.5M | $677.7M | $1.08B | $632.3M | $0.38 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $6.17B | $759.2M | $5.41B |
| FY 2024 | $4.65B | $396.7M | $4.26B |
| FY 2023 | $5.18B | $501.6M | $4.68B |
| FY 2022 | $3.10B | $546.0M | $2.55B |
| FY 2021 | $3.59B | $349.1M | $3.24B |
| FY 2020 | $2.13B | $203.2M | $1.92B |
| FY 2019 | $3.18B | $303.5M | $2.87B |
| FY 2018 | $2.66B | $273.5M | $2.38B |
| FY 2017 | $2.03B | $157.4M | $1.87B |
| FY 2016 | $1.35B | $175.3M | $1.17B |
| FY 2015 | $785.5M | $198.3M | $587.2M |
| FY 2014 | $717.0M | $145.5M | $571.5M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $6.39B | $3.38B | $4.31B | $2.43B | $21.35B | $4.76B | -$1.63B | $11.48B | $9.86B |
| FY 2024 | $5.85B | $2.52B | $4.22B | $2.15B | $18.74B | $4.98B | -$864.5M | $10.21B | $8.54B |
| FY 2023 | $5.37B | $2.82B | $4.82B | $1.86B | $18.78B | $5.01B | -$325.5M | $10.57B | $8.21B |
| FY 2022 | $3.66B | $4.31B | $3.97B | $1.65B | $17.20B | $5.01B | $1.48B | $10.92B | $6.28B |
| FY 2021 | $5.73B | $3.03B | $2.69B | $1.48B | $15.89B | $5.00B | $576.8M | $9.86B | $6.03B |
| FY 2020 | $6.71B | $2.10B | $1.90B | $1.25B | $14.56B | $5.81B | $895.6M | $9.38B | $5.18B |
| FY 2019 | $5.43B | $1.46B | $1.54B | $1.06B | $12.00B | $4.49B | $831.7M | $7.28B | $4.72B |
| FY 2018 | $4.95B | $2.18B | $1.88B | $902.5M | $12.48B | $2.42B | -$2.10B | $5.90B | $6.58B |
| FY 2017 | $6.04B | $1.67B | $1.23B | $685.6M | $12.12B | $2.69B | $315.9M | $5.14B | $6.99B |
| FY 2016 | $6.83B | $1.26B | $971.9M | $639.6M | $12.27B | $4.33B | -$713.5M | $6.16B | $6.10B |
| FY 2015 | $4.08B | $1.09B | $943.3M | $621.4M | $9.36B | $2.36B | $859.5M | $4.02B | $5.34B |
| FY 2014 | $3.07B | $800.6M | $740.5M | $543.5M | $7.99B | $1.34B | -$117.2M | $2.78B | $5.21B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 48.7% | 32.0% | 29.1% | 2.2x | 1.6x | 54.3% | 34.0% | 6.7x | 19.5x | 4.3% | 11.4% | 200d |
| FY 2024 | 47.3% | 28.6% | 25.7% | 3.0x | 2.0x | 44.8% | 25.1% | 9.3x | 28.2x | 3.1% | 12.8% | 229d |
| FY 2023 | 44.6% | 29.7% | 25.9% | 3.2x | 2.0x | 54.9% | 31.3% | 4.8x | 14.8x | 5.6% | 9.9% | 223d |
| FY 2022 | 45.7% | 31.2% | 26.7% | 2.7x | 1.8x | 73.4% | 37.8% | 3.7x | 11.3x | 4.1% | 9.3% | 207d |
| FY 2021 | 46.5% | 30.6% | 26.7% | 3.3x | 2.5x | 64.8% | 32.4% | 6.4x | 19.1x | 3.5% | 10.2% | 162d |
| FY 2020 | 45.9% | 26.6% | 22.4% | 3.4x | 2.8x | 43.4% | 19.1% | 4.5x | 15.1x | 4.3% | 12.5% | 164d |
| FY 2019 | 45.1% | 25.5% | 22.7% | 3.6x | 3.0x | 46.4% | 21.4% | 3.1x | 10.4x | 9.8% | 12.3% | 135d |
| FY 2018 | 46.6% | 29.0% | 21.5% | 2.9x | 2.3x | 36.2% | 24.4% | 2.6x | 8.2x | 7.6% | 10.7% | 156d |
| FY 2017 | 45.0% | 23.7% | 21.2% | 3.1x | 2.7x | 24.3% | 17.7% | 2.9x | 10.4x | 8.2% | 12.9% | 140d |
| FY 2016 | 44.5% | 18.3% | 15.5% | 3.8x | 3.4x | 15.0% | 9.5% | 2.1x | 9.1x | 8.8% | 15.5% | 148d |
| FY 2015 | 43.4% | 15.0% | 12.5% | 2.4x | 2.0x | 12.3% | 8.6% | 2.6x | 12.7x | 4.5% | 15.7% | 155d |
| FY 2014 | 43.6% | 14.7% | 13.7% | 3.0x | 2.6x | 12.1% | 8.5% | 2.4x | 10.2x | 5.1% | 15.6% | 136d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +23.7% | +27.3% | +10.2% | +38.4% | +40.0% | +43.3% | +27.2% | -91.4% | +9.3% | +2.1% | +13.9% | -4.6% |
| FY 2024 | -14.5% | -9.3% | +10.1% | -17.6% | -15.1% | -12.6% | -9.0% | +20.9% | +8.8% | -12.4% | -0.2% | -0.6% |
| FY 2023 | +1.2% | -1.2% | +7.7% | -3.8% | -2.0% | +1.2% | +83.2% | +8.1% | +46.9% | +21.4% | +9.2% | +0.1% |
| FY 2022 | +17.8% | +15.7% | +7.4% | +20.1% | +17.8% | +21.0% | -21.2% | -56.4% | -36.2% | +47.5% | +8.2% | +0.2% |
| FY 2021 | +45.6% | +47.7% | +19.2% | +67.6% | +73.6% | +74.4% | +68.4% | -71.8% | -14.6% | +41.5% | +9.2% | -14.0% |
| FY 2020 | +4.1% | +5.7% | +5.1% | +8.5% | +2.8% | +8.3% | -33.0% | +33.0% | +23.6% | +23.4% | +21.3% | +29.4% |
| FY 2019 | -12.9% | -15.6% | +0.2% | -23.3% | -7.9% | -2.0% | +20.6% | -11.0% | +9.7% | -17.9% | -3.8% | +85.8% |
| FY 2018 | +38.2% | +43.3% | +15.1% | +68.9% | +40.2% | +40.0% | +27.3% | -73.7% | -18.1% | +52.2% | +2.9% | -10.3% |
| FY 2017 | +36.1% | +37.6% | +13.1% | +77.1% | +85.7% | +81.0% | +59.3% | +10.2% | -11.5% | +26.9% | -1.2% | -37.7% |
| FY 2016 | +11.9% | +14.6% | +10.7% | +36.3% | +39.4% | +41.5% | +100.1% | +11.6% | +67.5% | +3.0% | +31.0% | +83.2% |
| FY 2015 | +14.2% | +13.8% | +15.2% | +16.3% | +3.7% | +7.9% | +2.7% | -36.3% | +33.0% | +27.4% | +17.2% | +76.8% |
| FY 2014 | +28.0% | +43.1% | +4.8% | +474.0% | +455.2% | +467.2% | +2.2% | +9.5% | +22.8% | +32.4% | +10.2% | +2.4% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $18.44B
System$11.49B · 62.3%
Customer Support and Other$6.94B · 37.7%
Latest geography mixFY 2025 · $18.44B
CHINA$6.21B · 33.7%
KOREA, REPUBLIC OF$4.13B · 22.4%
TAIWAN, PROVINCE OF CHINA$3.45B · 18.7%
JAPAN$1.88B · 10.2%
UNITED STATES$1.38B · 7.5%
South East Asia$837.2M · 4.5%
Europe$562.6M · 3.1%
Product revenue annual
| Period | Total | System | Customer Support and Other |
|---|---|---|---|
| FY 2025 | $18.44B | $11.49B | $6.94B |
| FY 2024 | $14.91B | $8.92B | $5.98B |
| FY 2023 | $17.43B | $10.70B | $6.73B |
| FY 2022 | $17.23B | $11.32B | $5.90B |
| FY 2021 | $14.63B | $9.76B | $4.86B |
| FY 2020 | $10.04B | $6.63B | $3.42B |
Geography revenue annual
| Period | Total | CHINA | KOREA, REPUBLIC OF | TAIWAN, PROVINCE OF CHINA | JAPAN | UNITED STATES | South East Asia | Europe |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $18.44B | $6.21B | $4.13B | $3.45B | $1.88B | $1.38B | $837.2M | $562.6M |
| FY 2024 | $14.91B | $6.29B | $2.87B | $1.67B | $1.46B | $1.10B | $794.1M | $707.0M |
| FY 2023 | $17.43B | $4.46B | $3.55B | $3.48B | $1.76B | $1.67B | $1.35B | $1.16B |
| FY 2022 | $17.23B | $5.41B | $4.04B | $2.94B | $1.62B | $1.15B | $1.36B | $712.0M |
| FY 2021 | $14.63B | $5.14B | $3.92B | $2.12B | $1.36B | $672.7M | $945.5M | $463.5M |
| FY 2020 | $10.04B | $3.08B | $2.39B | $1.91B | $954.7M | $812.5M | $587.6M | $308.5M |
| FY 2019 | $9.65B | $2.16B | $2.21B | $1.60B | $1.97B | $748.6M | $615.8M | $356.2M |
| FY 2018 | $11.08B | $1.78B | $3.83B | $1.40B | $1.88B | $820.4M | $781.4M | $577.2M |
| FY 2017 | $8.01B | $1.02B | $2.48B | $2.10B | $1.04B | $629.9M | $401.9M | $340.6M |
| FY 2016 | $5.89B | $1.04B | $1.06B | $1.49B | $983.8M | $495.1M | $605.2M | $219.4M |
| FY 2015 | $5.26B | $661.1M | $1.41B | $1.08B | $623.6M | $890.9M | $278.4M | $314.5M |
| FY 2014 | $4.61B | $623.4M | $1.13B | $1.05B | $634.1M | $622.0M | $247.4M | $303.7M |
Transcripts81 on file
Transcripts
Events
Events
Next earnings
2026-07-29EPS est $1.65
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