Where it trades today
trading 57% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- LRCX trades at 52.5x earnings, well above the technology average of 28.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 59.9%, above the sector norm of 28.0%, so position sizing matters more than usual.
- Relative performance versus AAPL, MSFT, NVDA matters here because leadership inside technology rarely stays static for long.
Portfolio Use Case
- LRCX is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in LRCX.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as AAPL, MSFT, NVDA start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for LRCX come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for LRCX. Last refresh: Sep 22, 2026, 3:19 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What Lam Research does
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system…
Employees
23,300
Industry
Semiconductor Equipment & Materials
Headquarters
Fremont, United States
What analysts expect
LRCX carries a strong buy consensus from 31 analysts, with an average price target of $373.13 versus $302.28 today (+23.4%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
LRCX generated $23.23B in trailing revenue (30.0% year over year), with a 31.3% net margin, and $3.09B of free cash flow, supported by $1.46B of net cash.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2026 | $23.23B | $11.73B | $8.20B | $7.27B | $5.79 | $4.89B |
| 2025 | $18.44B | $8.98B | $5.90B | $5.36B | $4.17 | $5.41B |
| 2024 | $14.91B | $7.05B | $4.28B | $3.83B | $2.91 | $4.26B |
| 2023 | $17.43B | $7.78B | $5.22B | $4.51B | $3.33 | $4.68B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
LRCX beside the technology names it is usually measured against.
What the chart is saying
Lam Research trades at $302.28, 31.1% below its 52-week high. With a beta of 1.86, it shows more sensitivity to what the wider market does.
Questions people ask about it
Is LRCX a good buy right now?
Lam Research trades at 52.5x earnings. This is above market average, reflecting growth expectations. Current risk level is Very High based on 59.9% volatility.
Does LRCX pay dividends?
Yes, Lam Research offers a dividend yield of 0.46%. That is roughly $1.39 per share a year.
How volatile is LRCX?
With 30-day annualized volatility of 59.9% and beta of 1.86, LRCX is classified as Very High risk. Expect larger swings than the broader market during volatile periods.
What is the analyst price target for LRCX?
The average analyst price target for Lam Research (LRCX) is $373.13 based on 31 analyst estimates, about 23.4% above the current price of $302.28. The published range runs from $290.00 to $500.00.
How much revenue does LRCX generate?
Lam Research reported $23.23B in trailing twelve-month revenue. Revenue growth is running at 30.0% year over year. Net margin sits at 31.3%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare LRCX with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.