LRCX Lam Research

XNGS Down Alert

Technology

· How we analyze

About the company

Lam Research is a US equipment supplier to the semiconductor industry. The company builds systems for etching and depositing layers on wafers that chipmakers need for memory and logic chips. Customers are mainly in Asia and the US. As of Oct 11, 2026

Fact sheet (from the annual report) Special machinery (including chipmaking) · Fremont, USA

Lam Research supplies wafer fabrication equipment and services to the semiconductor industry. The company was incorporated in 1980, and its headquarters are in Fremont, California. Its customers include memory makers, foundries and integrated device manufacturers that produce memory and logic devices. Deposition systems apply insulating and conductive layers, for example the ALTUS and SABRE product families. Etch systems such as Flex and Kiyo selectively remove material and thus form the structures on the chip. Clean systems such as Coronus remove particles and residues between manufacturing steps.

Automatically summarized from SEC annual report (10-K, filed Aug 7, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

What the methods say about Lam Research

Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze

Price performance at a glance

Last 30 trading days
  • Today +1.4%
  • 7 days −8.6%
  • 30 days −23.6%
  • 1 year +53.5%
Day range (last trading day)
−2.3%Price at 87% of the range+0.3%
52-week range
−43.7%Price at 35% of the range+82.1%
Distance from the all-time high
−45.1%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

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Symbol on TradingView: NASDAQ:LRCX

Fundamental analysis

Lam Research · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Aug 7, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Jun 28, 2026

Quality Profitability, consistency, balance sheet 8 of 8 criteria met Growth Revenue and earnings per share 7 of 7 criteria met Dividend Level, consistency, coverage 7 of 7 criteria met Financial strength Piotroski, debt, liquidity 6 of 6 criteria met

Quality 8 of 8 met

  • met: Gross margin above 40% 50.5%
  • met: Operating margin above 15% 35.3%
  • met: Net margin above 10% 31.3%
  • met: Return on equity above 15% 58.3%
  • met: Free cash flow margin above 10% 21.1%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 53.0%
Gross margin

50.5% Fiscal year 2026

Rank 51 of 100: higher than 51% of 153 peers (All). medium.

Rank 43 of 100: higher than 43% of 57 peers (Sector). medium.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

35.3% Fiscal year 2026

Rank 87 of 100: higher than 87% of 192 peers (All). strong.

Rank 86 of 100: higher than 86% of 60 peers (Sector). strong.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

31.3% Fiscal year 2026

Rank 87 of 100: higher than 87% of 237 peers (All). strong.

Rank 80 of 100: higher than 80% of 63 peers (Sector). strong.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

58.3% Fiscal year 2026

Rank 90 of 100: higher than 90% of 218 peers (All). strong.

Rank 83 of 100: higher than 83% of 61 peers (Sector). strong.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

30.9% Fiscal year 2026 (total assets at year end)

Rank 96 of 100: higher than 96% of 238 peers (All). strong.

Rank 90 of 100: higher than 90% of 63 peers (Sector). strong.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

53.0% Fiscal year 2026

Rank 73 of 100: higher than 73% of 239 peers (All). strong.

Rank 53 of 100: higher than 53% of 63 peers (Sector). medium.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

21.1% Fiscal year 2026

Rank 72 of 100: higher than 72% of 213 peers (All). strong.

Rank 59 of 100: higher than 59% of 62 peers (Sector). medium.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

4.9B USD Fiscal year 2026

Operating cash flow minus capital expenditure on property and equipment.

Growth 7 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +10.1%
  • met: Over 5 years, revenue grew by more than 5% per year +9.7%
  • met: Over 10 years, revenue grew by more than 5% per year +14.7%
  • met: Over 3 years, EPS grew by more than 5% per year +20.1%
  • met: Over 5 years, EPS grew by more than 5% per year +16.4%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +26.0%
Revenue growth 3 years

+10.1% per year

Rank 56 of 100: higher than 56% of 230 peers (All). medium.

Rank 36 of 100: higher than 36% of 59 peers (Sector). medium.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+9.7% per year

Rank 46 of 100: higher than 46% of 217 peers (All). medium.

Rank 29 of 100: higher than 29% of 54 peers (Sector). weak.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+14.7% per year

Rank 80 of 100: higher than 80% of 157 peers (All). strong.

Rank 58 of 100: higher than 58% of 37 peers (Sector). medium.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 3 years

+20.1% per year

Rank 68 of 100: higher than 68% of 157 peers (All). strong.

Rank 52 of 100: higher than 52% of 32 peers (Sector). medium.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+16.4% per year

Rank 60 of 100: higher than 60% of 146 peers (All). medium.

Rank 46 of 100: higher than 46% of 34 peers (Sector). medium.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+27.1% per year

Rank 90 of 100: higher than 90% of 140 peers (All). strong.

Rank 72 of 100: higher than 72% of 27 peers (Sector). strong.

Median Technology: +17.5%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 7 of 7 met

  • met: Pays a dividend 1.04 USD
  • met: Payout ratio at most 60% of earnings 18%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +14.9%
  • met: Free cash flow per share covers the dividend 3.7x
  • met: Dividends paid over the last 5 years covered by free cash flow 24% of free cash flow
Payout ratio

18% Fiscal year 2026

Dividend per share divided by earnings per share.

Dividend growth 5 years

+14.9% per year

Rank 78 of 100: higher than 78% of 118 peers (All). strong.

Rank 69 of 100: higher than 69% of 21 peers (Sector). strong.

Median Technology: +11.2%

Growth of the dividend per share per year.

Free cash flow coverage

3.7x Fiscal year 2026

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 6 of 6 met

  • met: Piotroski F-Score at least 7 of 9 8 of 9
  • met: Long-term debt no higher than equity 0.30
  • met: Current assets cover current liabilities 2.63
  • met: Positive equity 12.5B USD
  • met: In 5 years, share count up by at most 5% −13.2%
  • met: Free cash flow positive in the last fiscal year 4.9B USD
Piotroski F-Score

8 of 9 Fiscal year 2026

Rank 90 of 100: higher than 90% of 134 peers (All). strong.

Rank 92 of 100: higher than 92% of 44 peers (Sector). strong.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.30 at fiscal year end

Rank 72 of 100: lower than 72% of 199 peers (All). strong.

Rank 62 of 100: lower than 62% of 54 peers (Sector). medium.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

2.63 at fiscal year end

Rank 78 of 100: higher than 78% of 215 peers (All). strong.

Rank 63 of 100: higher than 63% of 63 peers (Sector). medium.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

−13.2% in 5 years

Rank 89 of 100: lower than 89% of 199 peers (All). strong.

Rank 95 of 100: lower than 95% of 51 peers (Sector). strong.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • not met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light yellow: Revenue grew over 5 years (+9.7% per year), more slowly than the sector median.
  • Light yellow: Net income (total) grew over 5 years (+13.2% per year), more slowly than the sector median; per share +16.4% per year.
  • Light green: Net margin 31.3%, above the sector median (12.5%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2017 (Jun 27, 2016 – Jun 25, 2017): Revenue 8.0B USD · Net income 1.7B USD · Net margin 21.2%
  2. Fiscal year 2018 (Jun 26, 2017 – Jun 24, 2018): Revenue 11.1B USD · Net income 2.4B USD · Net margin 21.5%
  3. Fiscal year 2019 (Jun 25, 2018 – Jun 30, 2019): Revenue 9.7B USD · Net income 2.2B USD · Net margin 22.7%
  4. Fiscal year 2020 (Jul 1, 2019 – Jun 28, 2020): Revenue 10.0B USD · Net income 2.3B USD · Net margin 22.4%
  5. Fiscal year 2021 (Jun 29, 2020 – Jun 27, 2021): Revenue 14.6B USD · Net income 3.9B USD · Net margin 26.7%
  6. Fiscal year 2022 (Jun 28, 2021 – Jun 26, 2022): Revenue 17.2B USD · Net income 4.6B USD · Net margin 26.7%
  7. Fiscal year 2023 (Jun 27, 2022 – Jun 25, 2023): Revenue 17.4B USD · Net income 4.5B USD · Net margin 25.9%
  8. Fiscal year 2024 (Jun 26, 2023 – Jun 30, 2024): Revenue 14.9B USD · Net income 3.8B USD · Net margin 25.7%
  9. Fiscal year 2025 (Jul 1, 2024 – Jun 29, 2025): Revenue 18.4B USD · Net income 5.4B USD · Net margin 29.1%
  10. Fiscal year 2026 (Jun 30, 2025 – Jun 28, 2026): Revenue 23.2B USD · Net income 7.3B USD · Net margin 31.3%

Fiscal year 2026 (Jun 30, 2025 – Jun 28, 2026): Revenue 23.2B USD · Net income 7.3B USD · Net margin 31.3%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2026

Of 100 USD of revenue, 50.5 USD gross profit, 35.3 USD operating income and 31.3 USD net income remained.

Money flow as a table
Fiscal year 2026, amounts in USD, share of revenue
ItemAmountof revenue
Revenue23.2B USD100.0%
Gross profit11.7B USD50.5%
Cost of revenue11.5B USD49.5%
Operating income8.2B USD35.3%
Research & development2.4B USD10.2%
Other operating expenses1.1B USD4.9%
Net income7.3B USD31.3%
Interest expense156.9M USD0.7%
Taxes & other (net)777.5M USD3.3%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 30.6% to 35.3%.

Gross marginOperating marginNet margin
  1. Fiscal year 2017: Gross margin 45.0% · Operating margin 23.7% · Net margin 21.2%
  2. Fiscal year 2018: Gross margin 46.6% · Operating margin 29.0% · Net margin 21.5%
  3. Fiscal year 2019: Gross margin 45.1% · Operating margin 25.5% · Net margin 22.7%
  4. Fiscal year 2020: Gross margin 45.9% · Operating margin 26.6% · Net margin 22.4%
  5. Fiscal year 2021: Gross margin 46.5% · Operating margin 30.6% · Net margin 26.7%
  6. Fiscal year 2022: Gross margin 45.7% · Operating margin 31.2% · Net margin 26.7%
  7. Fiscal year 2023: Gross margin 44.6% · Operating margin 29.7% · Net margin 25.9%
  8. Fiscal year 2024: Gross margin 47.3% · Operating margin 28.6% · Net margin 25.7%
  9. Fiscal year 2025: Gross margin 48.7% · Operating margin 32.0% · Net margin 29.1%
  10. Fiscal year 2026: Gross margin 50.5% · Operating margin 35.3% · Net margin 31.3%

Returns

Return on equity fell in 5 years from 64.8% to 58.3%.

Return on equityReturn on assets
  1. Fiscal year 2017: Return on equity 24.9% · Return on assets 14.0%
  2. Fiscal year 2018: Return on equity 36.6% · Return on assets 19.1%
  3. Fiscal year 2019: Return on equity 46.9% · Return on assets 18.3%
  4. Fiscal year 2020: Return on equity 43.5% · Return on assets 15.5%
  5. Fiscal year 2021: Return on equity 64.8% · Return on assets 24.6%
  6. Fiscal year 2022: Return on equity 73.4% · Return on assets 26.8%
  7. Fiscal year 2023: Return on equity 54.9% · Return on assets 24.0%
  8. Fiscal year 2024: Return on equity 44.8% · Return on assets 20.4%
  9. Fiscal year 2025: Return on equity 54.3% · Return on assets 25.1%
  10. Fiscal year 2026: Return on equity 58.3% · Return on assets 30.9%

Equity and long-term debt

The equity ratio rose in 5 years from 37.9% to 53.0%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2017: Equity 6.8B USD · Long-term debt 2.7B USD
  2. Fiscal year 2018: Equity 6.5B USD · Long-term debt 2.4B USD
  3. Fiscal year 2019: Equity 4.7B USD · Long-term debt 4.4B USD
  4. Fiscal year 2020: Equity 5.2B USD · Long-term debt 5.8B USD
  5. Fiscal year 2021: Equity 6.0B USD · Long-term debt 5.0B USD
  6. Fiscal year 2022: Equity 6.3B USD · Long-term debt 5.0B USD
  7. Fiscal year 2023: Equity 8.2B USD · Long-term debt 5.0B USD
  8. Fiscal year 2024: Equity 8.5B USD · Long-term debt 5.0B USD
  9. Fiscal year 2025: Equity 9.9B USD · Long-term debt 4.5B USD
  10. Fiscal year 2026: Equity 12.5B USD · Long-term debt 3.7B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 3.30 to 2.63.

Current ratio
  1. Fiscal year 2017: Current ratio 3.10
  2. Fiscal year 2018: Current ratio 2.90
  3. Fiscal year 2019: Current ratio 3.61
  4. Fiscal year 2020: Current ratio 3.43
  5. Fiscal year 2021: Current ratio 3.30
  6. Fiscal year 2022: Current ratio 2.69
  7. Fiscal year 2023: Current ratio 3.16
  8. Fiscal year 2024: Current ratio 2.97
  9. Fiscal year 2025: Current ratio 2.21
  10. Fiscal year 2026: Current ratio 2.63

Cash flow

Free cash flow rose in 5 years from 3.2B USD to 4.9B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2017: Operating cash flow 2.0B USD · Capital expenditure 157.4M USD · Free cash flow 1.9B USD
  2. Fiscal year 2018: Operating cash flow 2.7B USD · Capital expenditure 273.5M USD · Free cash flow 2.4B USD
  3. Fiscal year 2019: Operating cash flow 3.2B USD · Capital expenditure 303.5M USD · Free cash flow 2.9B USD
  4. Fiscal year 2020: Operating cash flow 2.1B USD · Capital expenditure 203.2M USD · Free cash flow 1.9B USD
  5. Fiscal year 2021: Operating cash flow 3.6B USD · Capital expenditure 349.1M USD · Free cash flow 3.2B USD
  6. Fiscal year 2022: Operating cash flow 3.1B USD · Capital expenditure 546.0M USD · Free cash flow 2.6B USD
  7. Fiscal year 2023: Operating cash flow 5.2B USD · Capital expenditure 501.6M USD · Free cash flow 4.7B USD
  8. Fiscal year 2024: Operating cash flow 4.7B USD · Capital expenditure 396.7M USD · Free cash flow 4.3B USD
  9. Fiscal year 2025: Operating cash flow 6.2B USD · Capital expenditure 759.2M USD · Free cash flow 5.4B USD
  10. Fiscal year 2026: Operating cash flow 5.9B USD · Capital expenditure 966.4M USD · Free cash flow 4.9B USD

Share count

The share count fell in 5 years by 13.2% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2017: Diluted share count 1.8B
  2. Fiscal year 2018: Diluted share count 1.8B
  3. Fiscal year 2019: Diluted share count 1.6B
  4. Fiscal year 2020: Diluted share count 1.5B
  5. Fiscal year 2021: Diluted share count 1.5B
  6. Fiscal year 2022: Diluted share count 1.4B
  7. Fiscal year 2023: Diluted share count 1.4B
  8. Fiscal year 2024: Diluted share count 1.3B
  9. Fiscal year 2025: Diluted share count 1.3B
  10. Fiscal year 2026: Diluted share count 1.3B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
1.04 USD · Fiscal year 2026
Dividend growth per year
3 y +14.7%5 y +14.9%10 y –
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 18% of free cash flow 26%
To shareholders (5 years)
21.2B USD 76% through repurchases
Share count over 5 years
−13.2% fewer shares – each share is a larger stake

Dividend per share

The dividend per share rose in 5 years from 0.52 USD to 1.04 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2017: Dividend per share 0.17 USD
  2. Fiscal year 2018: Dividend per share 0.26 USD
  3. Fiscal year 2019: Dividend per share 0.44 USD
  4. Fiscal year 2020: Dividend per share 0.46 USD
  5. Fiscal year 2021: Dividend per share 0.52 USD
  6. Fiscal year 2022: Dividend per share 0.60 USD
  7. Fiscal year 2023: Dividend per share 0.69 USD
  8. Fiscal year 2024: Dividend per share 0.80 USD
  9. Fiscal year 2025: Dividend per share 0.92 USD
  10. Fiscal year 2026: Dividend per share 1.04 USD

Payout ratios

The payout ratio fell in 5 years from 19.3% to 18.1%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2017: Payout ratio (earnings) 17.9% · Payout ratio (free cash flow) 13.0%
  2. Fiscal year 2018: Payout ratio (earnings) 19.4% · Payout ratio (free cash flow) 12.9%
  3. Fiscal year 2019: Payout ratio (earnings) 32.1% · Payout ratio (free cash flow) 23.6%
  4. Fiscal year 2020: Payout ratio (earnings) 30.5% · Payout ratio (free cash flow) 34.2%
  5. Fiscal year 2021: Payout ratio (earnings) 19.3% · Payout ratio (free cash flow) 22.4%
  6. Fiscal year 2022: Payout ratio (earnings) 18.3% · Payout ratio (free cash flow) 31.9%
  7. Fiscal year 2023: Payout ratio (earnings) 20.8% · Payout ratio (free cash flow) 19.4%
  8. Fiscal year 2024: Payout ratio (earnings) 27.6% · Payout ratio (free cash flow) 23.9%
  9. Fiscal year 2025: Payout ratio (earnings) 22.2% · Payout ratio (free cash flow) 21.2%
  10. Fiscal year 2026: Payout ratio (earnings) 18.1% · Payout ratio (free cash flow) 26.0%

What goes back to shareholders

Over 5 years, 21.2B USD went back to shareholders, 76% of it through share repurchases. That is 97% of the free cash flow of those years. This was offset by new shares issued for 52.2M USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2017: Dividends paid 243.5M USD · Share repurchases 811.7M USD · New shares issued (including employee plans) 12.9M USD · Free cash flow 1.9B USD
  2. Fiscal year 2018: Dividends paid 307.6M USD · Share repurchases 2.7B USD · New shares issued (including employee plans) 9.3M USD · Free cash flow 2.4B USD
  3. Fiscal year 2019: Dividends paid 678.3M USD · Share repurchases 3.8B USD · New shares issued (including employee plans) 6.8M USD · Free cash flow 2.9B USD
  4. Fiscal year 2020: Dividends paid 656.8M USD · Share repurchases 1.4B USD · New shares issued (including employee plans) 8.1M USD · Free cash flow 1.9B USD
  5. Fiscal year 2021: Dividends paid 727.0M USD · Share repurchases 2.7B USD · New shares issued (including employee plans) 24.1M USD · Free cash flow 3.2B USD
  6. Fiscal year 2022: Dividends paid 815.3M USD · Share repurchases 3.9B USD · New shares issued (including employee plans) 5.7M USD · Free cash flow 2.6B USD
  7. Fiscal year 2023: Dividends paid 907.9M USD · Share repurchases 2.0B USD · New shares issued (including employee plans) 11.1M USD · Free cash flow 4.7B USD
  8. Fiscal year 2024: Dividends paid 1.0B USD · Share repurchases 2.8B USD · New shares issued (including employee plans) 15.6M USD · Free cash flow 4.3B USD
  9. Fiscal year 2025: Dividends paid 1.1B USD · Share repurchases 3.4B USD · New shares issued (including employee plans) 2.5M USD · Free cash flow 5.4B USD
  10. Fiscal year 2026: Dividends paid 1.3B USD · Share repurchases 3.9B USD · New shares issued (including employee plans) 17.4M USD · Free cash flow 4.9B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Lam Research next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison LRCX, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
HPE Hewlett Packard Enterprise 34.3B USD +4.9%–−1.3%0.2%0.2%32.5%1.8%–
AMAT Applied Materials 28.4B USD +10.5%48.7%29.2%24.7%34.3%56.2%20.1%6/9
ADBE Adobe Inc. 23.8B USD +13.1%89.3%36.6%30.0%61.3%39.4%41.4%7/9
LRCX Lam Research this stock 23.2B USD +9.7%50.5%35.3%31.3%58.3%53.0%21.1%8/9
APH Amphenol 23.1B USD +21.8%36.9%25.4%18.5%31.8%37.0%19.0%7/9
INTU Intuit 21.4B USD +17.4%–27.4%21.3%24.0%51.6%40.4%–
SNDK Sandisk 20.2B USD –71.5%61.2%56.5%72.7%69.9%56.8%7/9
TXN Texas Instruments 17.7B USD +4.1%57.0%34.1%28.3%30.7%47.1%14.7%6/9
GLW Corning Inc. 15.6B USD +6.7%36.0%14.6%10.2%13.5%38.1%9.0%7/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+9.7% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 9.7% per year on average, but more slowly than the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light yellow: below sector

+13.2% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +16.4% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 13.2% per year on average, but more slowly than the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

31.3% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 31.27 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 26.7%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.27 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.27 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

18% Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.18 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
23.2B USD
Revenue vs. prior year
+26.0%
Net income (FY)
7.3B USD
Net income vs. prior year
+35.6%
EPS (FY)
5.76 USD
13F funds with a position
5 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−10.1%
Fiscal year to Jun 28, 2026 · 10-K filed Aug 7, 2026 · Balance sheet Sep 27, 2026 (filed Oct 22, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2026Jun 28, 2026 23.2B7.3B 31.3% 5.76 1.04 18%
2025Jun 29, 2025 18.4B5.4B 29.1% 4.15 0.92 22%
2024Jun 30, 2024 14.9B3.8B 25.7% 2.90 0.80 28%
2023Jun 25, 2023 17.4B4.5B 25.9% 3.32 0.69 21%
2022Jun 26, 2022 17.2B4.6B 26.7% 3.28 0.60 18%
2021Jun 27, 2021 14.6B3.9B 26.7% 2.69 0.52 19%
2020Jun 28, 2020 10.0B2.3B 22.4% 1.51 0.46 30%
2019Jun 30, 2019 9.7B2.2B 22.7% 1.37 0.44 32%
2018Jun 24, 2018 11.1B2.4B 21.5% 1.32 0.26 19%
2017Jun 25, 2017 8.0B1.7B 21.2% 0.92 0.17 18%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Sep 27, 2026 8.2B2.8B 33.5% 2.19 0.33 15%
Q2/26*Jun 28, 2026 6.7B2.3B 33.9% – 0.26 –
Q1/26Mar 29, 2026 5.8B1.8B 31.2% 1.45 0.26 18%
Q4/25Dec 28, 2025 5.3B1.6B 29.8% 1.26 0.26 21%
Q3/25Sep 28, 2025 5.3B1.6B 29.5% 1.24 0.26 21%
Q2/25*Jun 29, 2025 5.2B1.7B 33.3% – 0.23 –
Q1/25Mar 30, 2025 4.7B1.3B 28.2% 1.03 0.23 22%
Q4/24Dec 29, 2024 4.4B1.2B 27.2% 0.92 0.23 25%
Q3/24Sep 29, 2024 4.2B1.1B 26.8% 0.86 0.23 27%
Q2/24*Jun 30, 2024 3.9B1.0B 26.4% – 0.20 –
Q1/24Mar 31, 2024 3.8B965.8M 25.5% 0.73 0.20 27%
Q4/23Dec 24, 2023 3.8B954.3M 25.4% 0.72 0.20 28%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Per-share values adjusted for stock split 10:1 (between Aug 29, 2024 and Oct 28, 2024). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $47.6M4 people −$47.6M
6 months $00 people $111.6M7 people −$111.6M
12 months $00 people $175.8M8 people −$175.8M

Latest transactions

  • Oct 23, 2026 Archer Timothy Chief executive (CEO) Open-market sale · 10b5-1 plan 31,400 shares · $7.1M · SEC
  • Sep 9, 2026 Mayer Bethany Director Open-market sale 9,557 shares · $3.0M · SEC
  • Sep 9, 2026 Archer Timothy Chief executive (CEO) Open-market sale · 10b5-1 plan 30,000 shares · $9.6M · SEC
  • Sep 2, 2026 Varadarajan Seshasayee Officer Open-market sale · 10b5-1 plan 27,480 shares · $8.0M · SEC
  • Sep 2, 2026 Varadarajan Seshasayee Officer Open-market sale · 10b5-1 plan 12,270 shares · $3.6M · SEC
  • Sep 2, 2026 Varadarajan Seshasayee Officer Open-market sale · 10b5-1 plan 20,000 shares · $5.8M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -40

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)-15
Highs and lows+0
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)29.2
Rel. strength 60 d−19.1%

ATR and moving averages as price values only when logged in.

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