Lam Research (LRCX)
Information Technology · Wafer fabrication equipment (semiconductor capital equipment)
Lam Research supplies advanced wafer fabrication and semiconductor device manufacturing equipment to chipmakers building the world's most complex processors.
What Lam Research does
Lam Research designs, manufactures, and services wafer fabrication equipment used by semiconductor manufacturers to produce integrated circuits. The company serves global customers across diverse end markets and applications, providing equipment for various stages of device manufacturing processes. Lam operates in a capital-intensive industry where it competes on technological innovation, product performance, and customer relationships to maintain and expand market share.
Themes: ["semiconductor manufacturing","wafer fabrication","AI infrastructure","advanced node manufacturing","device complexity","capital equipment supply chain"]
Fundamentals
- Price$353.17 as of 2026-07-09 close
- Market cap$459.4B as of 2026-07-10
- 1-year return+253.8% as of 2026-07-09 close
- P/E68.48 as of 2026-07-10
- Net margin+30.9% as of 2026-07-10
- Gross margin+50.0% as of 2026-07-10
- ROE+65.8% as of 2026-07-10
- Debt / equity0.35 as of 2026-07-10
- Revenue growth (YoY)+26.5% as of 2026-07-10
- Revenue CAGR (3y)+2.3% SEC XBRL
- Beta1.84 as of 2026-07-10
Dividend: yield +0.3%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Cyclical demand volatility in semiconductor industry spending and customer capital expenditures could significantly impact revenue and profitability","Rapid technology inflections and need to continuously invest in R&D to identify and address emerging manufacturing process requirements create competitive and execution risk","Concentration in customer base and dependence on customer success, supply chain constraints, and material cost fluctuations expose the company to revenue and margin pressure"]
Competitors & peers
- Applied Materials (AMAT)
- ASML (ASML)
- Tokyo Electron (TOELF)
- Coventor
- KLA Corporation (KLAC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.