Stock AnalizLam Research Corp. LRCX
Industrial Machinery/Components · IPO 1984 · data as of November 13, 2026
Lam Research Corp. (LRCX) is a technology company listed in the US with a market value of about $282.2B. In the twelve months to September 27, 2026 it had revenue of $26.1B and net income of $8.4B, a net margin of 32.3%.
Its overall Stock Analiz score is 4.0 out of 5 (excellent). The strongest part is track record (5/5); the weakest is value (1/5).
Key numbers: a P/E of 33.7, a price to free cash flow of 43.2, 5-year revenue growth of 10% a year, a 5-year average ROIC of 37%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 73% above the current price.
Score: 4.0 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.1B | $23.2B | $18.4B | $14.9B | $17.4B | $17.2B | $14.6B | $10.0B | $9.7B | $11.1B | $8.0B |
| Net income | $8.4B | $7.3B | $5.4B | $3.8B | $4.5B | $4.6B | $3.9B | $2.3B | $2.2B | $2.4B | $1.7B |
| Free cash flow | $6.5B | $4.9B | $5.4B | $4.3B | $4.7B | $2.6B | $3.2B | $1.9B | $2.9B | $2.4B | $1.9B |
| EPS (diluted) | $6.71 | $5.76 | $4.15 | $2.90 | $3.32 | $3.28 | $2.69 | $1.51 | $1.37 | $1.32 | $0.92 |
| Net margin | 32.3% | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% |
| ROIC | — | 43.5% | 36.3% | 27.1% | 34.1% | 41.6% | 35.9% | 21.0% | 24.2% | 27.4% | 18.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 30 analysts is $362.10, 60% above the current price; targets range from $255.00 to $500.00; the consensus rating is “Strong buy”; expected EPS is $9.65 for the fiscal year ending June 30, 2027.
Frequently asked questions
What is Lam Research’s P/E ratio?
About 33.7, based on the last twelve months of diluted earnings per share (forward P/E about 20.6).
Is Lam Research stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 73% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Lam Research pay a dividend?
Yes. The dividend yield is about 0.58%, and it has paid dividends for 10 years in our data.
Is Lam Research a good stock to buy?
We do not give buy or sell advice. Lam Research scores 4.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.