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LRCX

Lam Research Corp

US$337.99+4.36% (US$14.13)
Day's range
US$322.06 – US$330.50
Day's volume
US$2.6bn
52-week range
US$130.77 – US$432.87

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LRCX in numbers

Market cap
US$411.1bn
P/E
58.21
P/B
33.91
Dividend yield (12m)
0.33%
Net debt/EBITDA
-0.21

The 12-month dividend yield of LRCX is 0.33%, below its 5-year average of 0.97%.

LRCX price history

01/10/202501/10/2026
Compare with

LRCX risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+109.59%+472.58%+513.20%
Volatility (annualised)67.00%50.33%48.30%
Largest drawdown-32.38%-32.38%-48.57%
Positive months9/1222/3633/60

How much did investing in LRCX return?

US$1,000.00 invested on 01/10/2021 would be worth US$6,308.95 today.

Value today in LRCX
US$6,308.95
Return over the period
+530.90%
Return per year
+44.55%
In the S&P 500
US$1,659.41

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

LRCX fundamentals

Valuation

  • P/E
    58.21
  • P/B
    33.91
  • EV/EBITDA
    47.36
  • EV/EBIT
    49.91
  • EV/Revenue
    17.61
  • P/EBIT
    50.13
  • P/S
    17.69
  • P/OCF
    70.18
  • P/FCF
    —
  • Earnings yield
    2.00%
  • PEG ratio
    —
  • Earnings per share
    US$5.81
  • Book value per share
    US$9.97

Debt

  • Net debt
    -US$1.9bn
  • Net debt/EBITDA
    -0.21
  • Net debt/Equity
    -0.15
  • Debt/Equity
    0.30
  • Current ratio
    2.63
  • Quick ratio
    1.91
  • Cash ratio
    0.94

Efficiency

  • Gross margin
    50.47%
  • EBITDA margin
    37.19%
  • Operating margin
    35.29%
  • Net margin
    31.27%
  • Asset turnover
    0.99

Profitability

  • ROE
    58.26%
  • ROA
    30.88%
  • ROIC
    67.93%
  • Payout
    19.12%

Growth

  • Revenue CAGR (5 years)
    9.70%
  • Earnings CAGR (5 years)
    13.20%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is LRCX's fair price?

Two classic value formulas, with today's numbers. The current price is US$337.99.

Graham's fair price
US$36.08
89.32% below the price

√(22.50 × US$5.81 × US$9.97)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$12.20
96.39% below the price

US$0.73 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

LRCX indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20262025202420232022202120202019
P/E56.5840.432.4523.0112.5026.1230.5419.28
P/B32.9621.971.1012.649.1716.9413.309.04
EV/EBITDA47.3634.151.8418.7410.3321.4323.6715.51
Dividend yield0.24%0.55%1.15%0.92%1.48%0.75%1.01%1.15%
Earnings per shareUS$5.81US$4.23US$29.47US$34.04US$33.62US$27.53US$15.46US$15.16
Book value per shareUS$9.97US$7.79US$65.75US$61.96US$45.83US$42.46US$35.52US$32.34
ROE58.26%54.33%44.82%54.94%73.35%64.85%43.53%46.89%
ROIC67.93%66.83%48.87%58.29%61.83%61.00%38.63%40.54%
Gross margin50.47%48.71%47.32%44.62%45.69%46.53%45.88%45.15%
EBITDA margin37.19%34.10%31.02%31.66%33.18%32.74%29.29%28.74%
Net margin31.27%29.06%25.68%25.88%26.73%26.72%22.42%22.70%
Net debt/EBITDA-0.21-0.31-0.19-0.070.250.110.300.28

LRCX financial statements

Line202620252024202320222021
Net revenueUS$23.2bnUS$18.4bnUS$14.9bnUS$17.4bnUS$17.2bnUS$14.6bn
Cost of sales-US$11.5bn-US$9.5bn-US$7.9bn-US$9.7bn-US$9.4bn-US$7.8bn
Gross profitUS$11.7bnUS$9bnUS$7.1bnUS$7.8bnUS$7.9bnUS$6.8bn
EBITDAUS$8.6bnUS$6.3bnUS$4.6bnUS$5.5bnUS$5.7bnUS$4.8bn
EBITUS$8.2bnUS$5.9bnUS$4.3bnUS$5.2bnUS$5.4bnUS$4.5bn
Net finance result——————
Profit before taxUS$8.3bnUS$6bnUS$4.4bnUS$5.1bnUS$5.2bnUS$4.4bn
Income tax-US$997.1m-US$599.9m-US$532.5m-US$598.3m-US$587.8m-US$462.3m
Net incomeUS$7.3bnUS$5.4bnUS$3.8bnUS$4.5bnUS$4.6bnUS$3.9bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does LRCX pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend22/09/202614/10/2026US$0.33

Dividend yield per year

  • 0.98%2017
  • 3.16%2018
  • 1.15%2019
  • 1.01%2020
  • 0.75%2021
  • 1.48%2022
  • 0.92%2023
  • 1.15%2024
  • 0.55%2025
  • 0.24%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend16/06/202608/07/2026US$0.26
Dividend03/03/202608/04/2026US$0.26
Dividend02/12/202507/01/2026US$0.26
Dividend23/09/202515/10/2025US$0.26
Dividend17/06/202509/07/2025US$0.23
Dividend04/03/202509/04/2025US$0.23
Dividend10/12/202408/01/2025US$0.23
Dividend16/09/202401/10/2024US$0.23
Dividend17/06/202410/07/2024US$0.20
Dividend11/03/202403/04/2024US$0.20
Dividend11/12/202303/01/2024US$0.20
Dividend11/09/202304/10/2023US$0.20
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend12/06/202305/07/2023US$0.17
Dividend13/03/202305/04/2023US$0.17
Dividend12/12/202204/01/2023US$0.17
Dividend12/09/202205/10/2022US$0.17
Dividend13/06/202206/07/2022US$0.15
Dividend14/03/202206/04/2022US$0.15
Dividend13/12/202105/01/2022US$0.15
Dividend24/09/202113/10/2021US$0.15
Dividend14/06/202107/07/2021US$0.13
Dividend15/03/202107/04/2021US$0.13
Dividend07/12/202006/01/2021US$0.13
Dividend28/09/202014/10/2020US$0.13
Dividend15/06/202008/07/2020US$0.12
Dividend23/03/202008/04/2020US$0.12
Dividend09/12/201908/01/2020US$0.12
Dividend27/09/201916/10/2019US$0.12
Dividend10/06/201910/07/2019US$0.11
Dividend18/03/201910/04/2019US$0.11
Dividend03/12/201826/12/2018US$0.11
Dividend10/09/201826/09/2018US$0.11
Dividend04/06/201827/06/2018US$0.11
Dividend05/03/201828/03/2018US$0.05
Dividend04/12/201710/01/2018US$0.05
Dividend11/09/201704/10/2017US$0.05
Dividend02/06/201728/06/2017US$0.05
Dividend03/03/201729/03/2017US$0.05
Dividend09/12/201604/01/2017US$0.05

About Lam Research

Sector
Manufacturing

Questions about LRCX

How much is LRCX today?

LRCX is at US$337.99 (4.36% on the day), last traded on 01/10/2026.

How much did LRCX pay in dividends in 2025?

LRCX paid US$0.95 per share in 2025, a dividend yield of 0.55%.

When is the next LRCX dividend?

The next announced payment is US$0.33 per share on 14/10/2026.

What are the P/E and P/B of LRCX?

LRCX trades at a P/E of 58.21 and a P/B of 33.91.

How much did LRCX return in 12 months?

LRCX returned 109.59% in 12 months, with annualised volatility of 67.00% and a largest drawdown of -32.38%.