
LRCX
Lam Research Corp
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
101.730
Open
101.240
VWAP
100.84
Vol
8.12M
Mkt Cap
128.76B
Low
100.360
Amount
818.35M
EV/EBITDA(TTM)
22.55
Total Shares
130.74M
EV
127.79B
EV/OCF(TTM)
28.51
P/S(TTM)
7.63
Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. It offers services in areas, such as nanoscale applications enablement, chemistry, plasma and fluidics, and others.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q2
FY2026Q1
FY2025Q4
4.53B
+3.47%
0.939
+3.18%
4.65B
+11.6%
0.991
+15.25%
5.01B
+29.35%
1.204
+47.87%
Estimates Revision
The market is revising Upward the revenue expectations for Lam Research Corporation (LRCX) for FY2025, with the revenue forecasts being adjusted by 2.61% over the past three months. During the same period, the stock price has changed by 61.34%.
Revenue Estimates for FY2025
Revise Upward

+2.61%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward

+6.87%
In Past 3 Month
Stock Price
Go Up

+61.34%
In Past 3 Month
23 Analyst Rating

-6.07% Downside
Wall Street analysts forecast LRCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LRCX is 94.55 USD with a low forecast of 70.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Buy
4 Hold
0 Sell
Strong Buy

-6.07% Downside
Current: 100.660

Low
70.00
Averages
94.55
High
115.00

-6.07% Downside
Current: 100.660

Low
70.00
Averages
94.55
High
115.00
Mizuho
Outperform
maintain
$100 -> $115
2025-07-14
Reason
Mizuho
Price Target
$100 -> $115
2025-07-14
maintain
Outperform
Reason
Mizuho raised the firm's price target on Lam Research to $115 from $100 and keeps an Outperform rating on the shares. The firm increased 2025 and 2026 wafer fab equipment spending estimates, driven driven by DRAM high bandwidth memory. It increased estimates in the semiconductor space as a result.
Goldman Sachs
James Schneider
Buy
initiated
$115
2025-07-10
Reason
Goldman Sachs
James Schneider
Price Target
$115
2025-07-10
initiated
Buy
Reason
Goldman Sachs analyst James Schneider initiated coverage of Lam Research with a Buy rating and $115 price target. The firm initiated on the U.S. semiconductor capital equipment, storage, and foundry sectors with a balanced view. The he semiconductor capital equipment industry is in mid-cycle, with both headwinds and tailwinds creating relatively stable revenue dynamics across the sector, the analyst tells investors in a research note. Goldman sees more downside than upside risks, and thinks stable revenue through 2026 is the most likely outcome. It believes China represents more opportunity than threat for companies. Upside remains in the hard-disk-drive cycle with a recovery in NAND, Goldman contends. The analyst says NAND is due for a rebound into 2026.
Citi
Buy
maintain
$87 -> $108
2025-07-07
Reason
Citi
Price Target
$87 -> $108
2025-07-07
maintain
Buy
Reason
Citi raised the firm's price target on Lam Research to $108 from $87 and keeps a Buy rating on the shares. With China's agreement to restore the rare earth magnets exports licenses for six months and the U.S. lifting the countermeasures imposed, the major downside risk of a broader ban on semiconductor equipment is off the table for now, the analyst tells investors in a research note. As a result, Citi increased estimates for the major names in the semiconductor equipment group.
Morgan Stanley
Equal Weight
maintain
$82 -> $87
2025-07-01
Reason
Morgan Stanley
Price Target
$82 -> $87
2025-07-01
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Lam Research to $87 from $82 and keeps an Equal Weight rating on the shares.
Morgan Stanley
Equal Weight
maintain
$82 -> $87
2025-07-01
Reason
Morgan Stanley
Price Target
$82 -> $87
2025-07-01
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Lam Research to $87 from $82 and keeps an Equal Weight rating on the shares. Following the firm's Asia trip, it revised up its 2025 China wafer fab equipment forecast from down 12% year-over-year to down 3%. The firm added that its biggest takeaway from the trip was the indication that China will come in far stronger in the second half versus the first half.
Cantor Fitzgerald
Overweight
maintain
$90 -> $115
2025-06-24
Reason
Cantor Fitzgerald
Price Target
$90 -> $115
2025-06-24
maintain
Overweight
Reason
Cantor Fitzgerald raised the firm's price target on Lam Research to $115 from $90 and keeps an Overweight rating on the shares. Cantor's most recent industry checks point to modestly better Wafer Fab Equipment in calendar 2025, led by domestic China coupled with improving visibility to CY26 being another growth year, the analyst tells investors in a research note. The firm sees consensus estimates generally moving higher for the group, immune from tariff-related pull-in concerns, and China regulatory fears overblown.
See All Ratings
Valuation Metrics
The current forward P/E ratio for Lam Research Corp (LRCX.O) is 24.34, compared to its 5-year average forward P/E of 19.06. For a more detailed relative valuation and DCF analysis to assess Lam Research Corp 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair
5Y Average PE
19.06
Current PE
24.34
Overvalued PE
25.16
Undervalued PE
12.96
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair
5Y Average EV/EBITDA
15.99
Current EV/EBITDA
19.83
Overvalued EV/EBITDA
19.88
Undervalued EV/EBITDA
12.10
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued
5Y Average PS
5.13
Current PS
6.82
Overvalued PS
6.38
Undervalued PS
3.87
Financials
Annual
Quarterly
FY2025Q3
YoY :
+24.43%
4.72B
Total Revenue
FY2025Q3
YoY :
+43.60%
1.56B
Operating Profit
FY2025Q3
YoY :
+37.78%
1.33B
Net Income after Tax
FY2025Q3
YoY :
+41.10%
1.03
EPS - Diluted
FY2025Q3
YoY :
-20.34%
1.02B
Free Cash Flow
FY2025Q3
YoY :
+2.42%
49.02
Gross Profit Margin - %
FY2025Q3
YoY :
-30.53%
22.14
FCF Margin - %
FY2025Q3
YoY :
+10.72%
28.19
Net Margin - %
FY2025Q3
YoY :
+24.89%
35.68
ROIC
Trading Trends
Insider
Insiders areSelling! The selling amount has increased 7841.2% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
9.9M
USD
1
6-9
Months
124.8K
USD
1
0-12
Months
528.9K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds areSelling! The selling amount has increased 791.25% over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
1.0M
Volume
6
6-9
Months
112.3K
Volume
6
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
11
10.6M
Volume
Months
6-9
13
6.2M
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
32.5K
USD
1
3-6
Months
338.0K
USD
11
6-9
Months
113.5K
USD
5
0-12
Months
64.5K
USD
5
Bought
0-3
1
32.5K
USD
Months
3-6
5
198.5K
USD
Months
6-9
4
32.0K
USD
Months
0-12
2
16.0K
USD
Months
Insider
Insiders areSelling! The selling amount has increased 7841.2% over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
9.9M
USD
1
6-9
Months
124.8K
USD
1
0-12
Months
528.9K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
LRCX News & Events
Events Timeline
2025-04-23 (ET)
2025-04-23
16:10:00
Lam Research sees Q2 EPS $1.10-$1.30, consensus 98c

2025-04-23
16:08:51
Lam Research reports Q1 non-GAAP EPS $1.04 vs. 91c in the preceding quarter

2025-04-23
14:33:24
Notable companies reporting after market close

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News
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4.5
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FAQ

What is Lam Research Corp (LRCX) stock price today?
The current price of LRCX is 100.66 USD — it has decreased -0.13 % in the last trading day.

What is Lam Research Corp (LRCX)'s business?

What is the price predicton of LRCX Stock?

What is Lam Research Corp (LRCX)'s revenue for the last quarter?

What is Lam Research Corp (LRCX)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Lam Research Corp (LRCX)'s fundamentals?

How many employees does Lam Research Corp (LRCX). have?
