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LAM RESEARCH CORP (LRCX) USD

At a glance: strengths & risks
✓Revenue growing (+24%)✓Profit growing (+40%)✓Margins improving (31%→34%)✓Net cash balance sheet✗Pricier than own history (EV/EBITDA 49.2 vs avg 20.2)

Sector: Technology

US_LRCX

Price chart

305.21 USDDay -4.56%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
305.21 USD · -4.56%
Market cap
387.2 bn USD

Growth

Δ revenue y/y
23.8%
Δ EBITDA y/y
30.4%

Multiples

P/E (LTM)
57.7x
3y avg: 24.4x
P/B (FY)
39.3x
P/E (ann.)
53.0x
EV/EBITDA (LTM)
49.2x
3y avg: 20.2x
EV/EBITDA (ann.)
44.6x

Cash return

Dividend yield
0.3%
FCF yield (LTM)
1.2%

Value creation

fundamental value/yr, % of market cap
Value created / year
+9.8%
↓ details

Liquidity

Daily turnover (US listing)
2.8 bln USD

Shares: yahoo_fundamentals_timeseries/LRCX

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-29Q1 2026 (3M)OK5.8
y/y 23.8%
2.0
y/y 31.1%
0.1
y/y 19.5%
2.2
y/y 30.4%
1.8
y/y 37.2%
1.1-0.320.8
y/y 4.1%
10.6
y/y 11.3%
23.5%-1.0Link
2025-12-28Q4 2025 (3M)OK5.3
y/y 22.1%
1.8
y/y 35.7%
0.1
y/y 8.0%
1.9
y/y 33.8%
1.6
y/y 33.8%
1.5-0.321.4
y/y 7.8%
10.1
y/y 15.2%
62.7%-2.5Link
2025-09-28Q3 2025 (3M)OK5.3
y/y 27.7%
1.8
y/y 44.7%
0.1
y/y 7.8%
1.9
y/y 42.1%
1.6
y/y 40.5%
1.8-0.221.9
y/y 12.1%
10.2
y/y 20.3%
62.6%-3.0Link
2025-06-29Q2 2025 (3M)OK5.2
y/y 33.6%
1.7
y/y 54.6%
0.1
y/y 11.4%
1.8
y/y 51.4%
1.7
y/y 68.6%
2.6-0.221.3
y/y 13.9%
9.9
y/y 15.5%
55.3%-1.6Link
2025-03-30Q1 2025 (3M)OK4.7
y/y 24.4%
1.6
y/y 47.7%
0.1
y/y 8.3%
1.7
y/y 44.6%
1.3
y/y 37.8%
1.3-0.320.0
y/y 9.2%
9.5
y/y 18.6%
19.4%-1.7Link
2024-12-29Q4 2024 (3M)OK4.4
y/y 16.4%
1.3
y/y 26.2%
0.1
y/y 5.8%
1.4
y/y 24.6%
1.2
y/y 24.8%
0.7-0.219.8
y/y 5.6%
8.8
y/y 7.1%
55.1%-1.2Link
2024-09-29Q3 2024 (3M)OK4.2
y/y 19.7%
1.3
y/y 23.6%
0.1
y/y 4.2%
1.4
y/y 22.0%
1.1
y/y 25.8%
1.6-0.119.5
y/y 5.4%
8.5
y/y 5.3%
52.5%-1.6Link
2024-06-30Q2 2024 (3M)OK3.9
y/y —
1.1
y/y —
0.1
y/y —
1.2
y/y —
1.0
y/y —
0.9-0.118.7
y/y -0.2%
8.5
y/y 4.0%
46.2%-0.6Link
2024-03-31Q1 2024 (3M)OK3.8
y/y -2.0%
1.1
y/y 12.2%
0.1
y/y -1.9%
1.1
y/y 10.9%
1.0
y/y 18.7%
1.4-0.118.3
y/y -5.0%
8.0
y/y -4.6%
15.9%-1.2Link
2023-12-24Q4 2023 (3M)OK3.8
y/y —
1.1
y/y —
0.1
y/y —
1.1
y/y —
1.0
y/y —
1.5-0.118.8
y/y —
8.2
y/y —
46.9%-0.6Link
2023-09-24Q3 2023 (3M)OK3.5
y/y —
1.0
y/y —
0.1
y/y —
1.1
y/y —
0.9
y/y —
1.0-0.118.5
y/y —
8.0
y/y —
43.7%-0.1Link
2023-06-25FY 2023 (12M)OK—
y/y —
—
y/y —
—
y/y —
—
y/y —
—
y/y —
——18.8
y/y —
8.2
y/y —
54.3%-0.1Link
2023-03-26Q1 2023 (3M)OK3.9
y/y —
0.9
y/y —
0.1
y/y —
1.0
y/y —
0.8
y/y —
1.7-0.119.2
y/y —
8.4
y/y —
—-0.3Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 q1

Year-over-year change

-20%0%20%40%2023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 q1

Cash flow

FCF ($ mln)

05001 0001 5002023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 q1

Net debt / cash ($ mln)

-3 000-2 000-1 00002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +9.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-29 vs 2025-03-30)
= (2 163 − 1 659) × 3.14
1 583
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (387 232 + -1 021) ÷ 6 791
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -700 + 1 180 + 4 150 − 10
4 629
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 583 × 21.0 + 4 629) ÷ 387 232
+9.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • equity issuance measured by share-count dilution at market, not the cash line

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +24% vs -14% the year before — a +38.2 pp move. 3-year CAGR +2%.
revenue growth by year: 2023 +1% · 2024 -14% · 2025 +24%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-170.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2026-03-040.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2025-12-030.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2025-09-240.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2025-06-180.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2025-03-050.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2024-12-110.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2024-09-170.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2024-06-180.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2024-03-120.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2023-12-120.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2023-09-120.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2023-06-130.1725 USDEx-dividend: 0.1725 USD per sharePaidYahoo Finance (ex-div)
2023-03-140.1725 USDEx-dividend: 0.1725 USD per sharePaidYahoo Finance (ex-div)
2022-12-130.1725 USDEx-dividend: 0.1725 USD per sharePaidYahoo Finance (ex-div)
2022-09-130.1725 USDEx-dividend: 0.1725 USD per sharePaidYahoo Finance (ex-div)
2022-06-140.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2022-03-150.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2021-12-140.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2021-09-270.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of LAM RESEARCH CORP (LRCX) — from primary filings.

Wafer fabrication equipment—etch, deposition, and clean systems used in chip manufacturing.

Frequently asked questions

What is LAM RESEARCH CORP (LRCX)'s P/E ratio?
LAM RESEARCH CORP (LRCX) trades at a P/E of 57.7x (price to trailing 12-month earnings).
What is LAM RESEARCH CORP (LRCX)'s EV/EBITDA?
LAM RESEARCH CORP (LRCX) trades at 49.2x EV/EBITDA.
What is LAM RESEARCH CORP (LRCX)'s P/B ratio?
LAM RESEARCH CORP (LRCX) trades at a P/B of 39.3x.
What is LAM RESEARCH CORP (LRCX)'s dividend yield?
LAM RESEARCH CORP (LRCX)'s trailing 12-month dividend yield is 0.3%.
What is LAM RESEARCH CORP (LRCX)'s return on equity (ROE)?
LAM RESEARCH CORP (LRCX)'s ROE is 23.5%.
What is LAM RESEARCH CORP (LRCX)'s market capitalization?
LAM RESEARCH CORP (LRCX)'s market cap is 387.2 bn USD.