Stocks · Technology · Semiconductors
Lam Research Corporation LRCX
$347.49 +2.17% Close, Oct 2, 2026 · NASDAQ · Market cap $434.56B
Strong trend
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned +143.4%, ahead of the S&P 500 by 128.3 percentage points.
- At 60.3× trailing earnings, the shares trade at the highest P/E of the company's past five years.
- Earnings beat analyst estimates in each of the last 9 quarters (average surprise over the last four: +6.9%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth54Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 23%
- EPS growth (TTM, YoY)Top 34%
- FCF growth (TTM, YoY)Bottom 23%
- Revenue growth, 3-year CAGRTop 41%
- Revenue growth accelerationBottom 36%
Quality72Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 3%
- Gross marginBottom 50%
- Operating marginTop 5%
- Cash conversion (OCF / net income)Bottom 13%
- Accruals (lower is better)Bottom 5%
- Net debt / EBITDA (lower is better)Top 41%
- Interest coverTop 8%
Value24Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 43%
- Free-cash-flow yieldBottom 35%
- EBITDA / enterprise valueBottom 42%
- Sales / enterprise valueBottom 13%
- P/E vs own 5-year history (lower is better)Bottom 4%
Momentum91Exceptional
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 8%
- 6-month returnTop 23%
- 1-year return vs S&P 500Top 8%
- Distance from 52-week highTop 34%
- Trend checklist (0–4)Top 18%
Revisions64Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 45%
- Consecutive EPS beatsTop 23%
- Share of analysts rating BuyTop 27%
- Upside to consensus price targetBottom 28%
Stability53Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 43%
- Maximum drawdown, 3 yearsTop 23%
- Beta vs S&P 500 (lower is better)Bottom 25%
- Net debt / EBITDA (lower is better)Top 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 26.5% | 26.0% | ↓ |
| EPS growth (YoY) | 47.6% | 38.5% | ↓ |
| Gross margin | 48.7% | 50.5% | ↑ |
| Operating margin | 32.0% | 35.3% | ↑ |
| FCF margin | 31.0% | 21.1% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 26.0% | 26.5% | ↓ | Top 23% |
| EPS growth (TTM, YoY) | 38.5% | 47.6% | ↓ | Top 34% |
| Gross margin | 50.5% | 48.7% | ↑ | Bottom 50% |
| Operating margin | 35.3% | 32.0% | ↑ | Top 5% |
| Net margin | 31.3% | 29.1% | ↑ | — |
| Free-cash-flow margin | 21.1% | 31.0% | ↓ | — |
| Return on invested capital | 40.8% | — | Top 3% | |
| Revenue growth, 3-year CAGR | 10.1% | — | Top 41% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.81×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 6.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +32.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.17×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 66.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.29%
- Net buyback yield (TTM)
- 0.88%
- Shareholder yield
- 1.17%
- Share count change, 1 year
- -1.2%
- Share count change, 3-year CAGR
- -2.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 28, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 9
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +6.9%
- Average 2-day reaction, last 8
- +0.0%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $376.68
- Target vs current price
- +8.4%
- Analysts with a rating
- 50
- Share rating Buy or Strong Buy
- 78%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +7.7% | -6.4% | +17.9% | +16.7% | — |
| Apr 22, 2026 | +8.1% | +2.8% | -2.8% | +5.8% | +21.3% |
| Jan 28, 2026 | +8.5% | +0.5% | -3.5% | +4.6% | +8.4% |
| Oct 22, 2025 | +3.3% | -2.6% | +7.3% | -1.2% | +53.7% |
| Jul 30, 2025 | +9.9% | +0.2% | -2.3% | +4.7% | +42.8% |
| Apr 23, 2025 | +4.0% | +5.1% | +11.7% | +32.8% | +58.6% |
| Jan 29, 2025 | +3.6% | +0.9% | +7.2% | +9.1% | -4.8% |
| Oct 23, 2024 | +6.2% | -0.2% | +7.3% | -3.9% | +11.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $1.82 | $1.69 | +7.7% | $6.72B |
| Apr 22, 2026 | $1.47 | $1.36 | +8.1% | $5.84B |
| Jan 28, 2026 | $1.27 | $1.17 | +8.5% | $5.34B |
| Oct 22, 2025 | $1.26 | $1.22 | +3.3% | $5.32B |
| Jul 30, 2025 | $1.33 | $1.21 | +9.9% | $5.17B |
| Apr 23, 2025 | $1.04 | $1.00 | +4.0% | $4.72B |
| Jan 29, 2025 | $0.91 | $0.88 | +3.6% | $4.38B |
| Oct 23, 2024 | $0.86 | $0.81 | +6.2% | $4.17B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 60.3× | 21.4× | 100th | Top 43% |
| P/E (forward) | 36.7× | — | — | — |
| EV / EBITDA | 49.8× | — | — | Bottom 42% |
| EV / Sales | 18.64× | — | — | Bottom 13% |
| Free-cash-flow yield | 1.13% | — | — | Bottom 35% |
| Earnings yield | 1.66% | — | — | Top 43% |
P/E over the past five years
Range 10.8× – 54.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +143.4%
- Earnings per share growth (TTM)
- +38.5%
- Change in P/E multiple
- +120.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 9
- Days above the 200-day average
- 351
- 50-day average slope (20 days)
- -5.5%
- 200-day average slope (20 days)
- +5.8%
- Distance from 50-day average
- +13.5%
- Distance from 200-day average
- +26.3%
- RSI (14)
- 67.6
- Relative volume
- 0.78×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 67.2%
- Volatility vs own 5-year history
- 94th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.98
- Correlation with S&P 500
- 0.59
- Current drawdown from 1-year high
- -19.8%
- Maximum drawdown, 3 years
- -47.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 14, 2022 | Oct 14, 2022 | -56.8% | 188 days | 290 days (Dec 11, 2023) |
| Jul 10, 2024 | Apr 4, 2025 | -47.6% | 185 days | 109 days (Sep 11, 2025) |
| Jun 30, 2026 | Jul 29, 2026 | -41.8% | 20 days | Not yet recovered |
| Feb 25, 2026 | Mar 6, 2026 | -20.1% | 7 days | 23 days (Apr 9, 2026) |
| Apr 8, 2021 | Oct 13, 2021 | -18.5% | 131 days | 32 days (Nov 29, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $434.56B
- P/E (TTM)
- 60.3
- EPS, diluted (TTM)
- $5.76
- Revenue (TTM)
- $23.23B
- Dividend yield
- 0.32%
- 52-week range
- $131.02 – $438.50
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $17.23B | $17.43B | $14.91B | $18.44B | $23.23B |
| Gross profit | $7.87B | $7.78B | $7.05B | $8.98B | $11.73B |
| Operating income | $5.38B | $5.17B | $4.26B | $5.90B | $8.20B |
| Net income | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B |
| EPS (diluted) | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.17B | $4.38B | $4.72B | $5.17B | $5.32B | $5.34B | $5.84B | $6.72B |
| Net income | $1.12B | $1.19B | $1.33B | $1.72B | $1.57B | $1.59B | $1.83B | $2.28B |
| EPS (diluted) | $0.86 | $0.92 | $1.03 | $1.35 | $1.24 | $1.26 | $1.45 | $1.81 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.10B | $5.18B | $4.65B | $6.17B | $5.86B |
| Capital expenditure | -$546.0M | -$501.6M | -$396.7M | -$759.2M | -$966.4M |
| Free cash flow | $2.55B | $4.68B | $4.26B | $5.41B | $4.89B |
| Dividends paid | -$815.3M | -$907.9M | -$1.02B | -$1.15B | -$1.27B |
| Net share buybacks | -$3.86B | -$2.01B | -$2.83B | -$3.28B | -$3.83B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $5.58B
- Total assets
- $23.53B
- Total liabilities
- $11.06B
- Total debt
- $4.12B
- Net debt
- -$1.46B
- Shareholders’ equity
- $12.47B
As of Jun 28, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 23, 2026 | $0.33 | Oct 14, 2026 |
| Jun 17, 2026 | $0.26 | Jul 8, 2026 |
| Mar 4, 2026 | $0.26 | Apr 8, 2026 |
| Dec 3, 2025 | $0.26 | Jan 7, 2026 |
| Sep 24, 2025 | $0.26 | Oct 15, 2025 |
| Jun 18, 2025 | $0.23 | Jul 9, 2025 |
| Mar 5, 2025 | $0.23 | Apr 9, 2025 |
| Dec 11, 2024 | $0.23 | Jan 8, 2025 |
Short interest
- Shares sold short
- 26,081,081
- Days to cover
- 3.08
- Change vs previous report
- -6.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 3, 2024
- 10-for-1
- Mar 17, 2000
- 3-for-1
- Sep 16, 1993
- 3-for-2