Lam Research Corporation: stock overview

LRCXNASDAQTechnology · Special Industry Machinery, NEC

Price

$225.92

November 13, 2026Market cap $283B

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  • The full history: 17 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Lam Research had revenue of $26.1B over the last 12 months and net income of $8.4B, a net margin of 32.3%. Revenue grew by 9.7% a year on average over the last 5 years. At $225.92 the shares trade at a P/E of 33.5, against a median of 23.4 over the last 5 fiscal years. It holds more cash than debt, by $3.7B. It pays a dividend yielding 0.49%.

From its SEC filings (latest fiscal year to June 28, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$283B
1.25B shares
P/E
33.5
Today33.5
Median23.4
Revenue, 12 months
$26.1B
+9.7% a year over 5 years
Net margin
32.3%
FY2025: 31.3%, above 100% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+24.8% a year over 2 years

  • FY2026Jun 28, 202610-K
    Revenue$23.2B
  • FY2025Jun 29, 202510-K
    Revenue$18.4B
  • FY2024Jun 30, 202410-K
    Revenue$14.9B

Fiscal years in figures

LRCX's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2023, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $138B
$283B
Enterprise value 
$279B
P/E 3-year median: 36.7
33.5
EV / EBIT 
28.9
EV / Revenue 
10.7
P/B 3-year median: 16.2
20.3
FCF yield 3-year median: 3.1%
2.3%
Earnings yield 3-year median: 2.7%
3.0%

Profitability

Gross margin 
51.1%
Operating margin 
37.0%
Net margin 3-year median: 29.1%
32.3%
ROIC 
54.2%
ROIC, 5-year average 
33.2%
ROE 
73.7%

Growth

Revenue, yearly change 
+26.0%
EPS, yearly change 
+38.8%
FCF, yearly change 
-9.7%
Revenue, average a year 
+9.7%
EPS, average a year 
+16.5%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$7.4B
Total debt 
$3.7B
Net cash 
$3.7B
Net debt / EBITDA 
-0.4x
Interest cover 
63.9x
Current ratio 
2.48

Balance sheet of September 27, 2026.

Returns to shareholders

Dividend yield 3-year median: 0.8%
0.49%
Buybacks 
1.36%
Total returned 
1.85%
Shares, yearly change 
-1.1%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 35).

Gross margin

50.5%

Above 84% of the 115 companies in its industry, and 69% of all.

Operating margin

35.3%

Above 99% of the 138 companies in its industry, and 95% of all.

Net margin

31.3%

Above 100% of the 147 companies in its industry, and 92% of all.

ROE

71.6%

Above 96% of the 136 companies in its industry, and 98% of all.

ROA

34.0%

Above 100% of the 146 companies in its industry, and 99% of all.

Revenue growth

26.0%

Above 88% of the 144 companies in its industry, and 87% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
LAM RESEARCH CORP
CIK
707549
Exchange
NASDAQ
Industry (SIC)
3559 · Special Industry Machinery, NEC
Fiscal year ends
June 27
Latest annual report
June 28, 2026
Reporting currency
USD
Shares
1.25B

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The full analysis

What do Lam Research's filings show?

These are Lam Research's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about LRCX

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What is LRCX's market cap?

Lam Research Corporation's market cap is $283B, at a price of $225.92 on November 13, 2026 and 1.25B shares.

What is LRCX's P/E?

LRCX's P/E is 33.5, on earnings per share of $6.71 over the last 12 months. The median over the last 5 fiscal years was 23.4.

How much revenue does LRCX have?

Lam Research had revenue of $26.1B over the last 12 months. Over the last 5 years it changed by +9.7% a year on average.

Does LRCX pay a dividend?

Yes. Lam Research paid $1.11 per share over the last 12 months, a yield of 0.49% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Lam Research Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.