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LRCX.NASDAQ
Lam Research
Information Technology · Semiconductor Materials & Equipment

Wafer fabrication equipment supplier with large exposure to etch and deposition steps in established-edge memory and logic production.

HQ: United StatesListed: United States

Profile & Fundamentals

Lam Research: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Lam Research Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

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 designed to enhance etch precision, selectivity, and defect control; Argos, Prevos, and Selis, which are selective etch systems used in the fabrication of advanced logic and memory devices that require precise control at nanoscale dimensions; Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for deep silicon etch; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; Sense.i platform products; and customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

LRCX.NASDAQ

Company profile record

Lam Research Corp

Common Stock · Information Technology · Semiconductor Materials & Equipment

Official website

Company

Company / asset
Lam Research Corp
Security type
Common Stock
Sector
Information Technology
Industry
Semiconductor Materials & Equipment
HQ
🇺🇸 United States
Head office
4650 Cushing Parkway, Fremont, CA, United States, 94538

Leadership & scale

Chief executive
Mr. Timothy M. Archer
CEO year born
1967
Full-time employees
23.3K
Fiscal year end
June
IPO date
1984-05-11

Fundamentals snapshot

Updated 2026-09-30
Market Cap
USD 421.1B
P/E
58.0x
Revenue (Q2 26)
USD 6.7B
Profit (Q2 26)
USD 2.3B
Dividend Yield
0.2%
Revenue (FY 26)
USD 23.2B
Shares in public float
1.2B
Insider ownership
0.28%

Reporting & identifiers

Symbol
LRCX.NASDAQ
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US5128073062
Asset ID
equity_8d479f24-2700-5d8e-8044-863adac4ce72

Ownership

Shares Outstanding

Latest: 1.3B | Max: 1.6B | Min: 1.3B

Shares Outstanding
2.0B1.5B1.0B510.8M0.00
1.3B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

98.84%

1.2B latest reported shares

Insider Ownership

0.28%

Latest reported insider stake

Short Float

0.02%

Latest reported short interest / float

Top Holders

Top 5 concentration: 29.04%
BlackRock Inc
institution
Filed 2026-03-31 • Change -1.4M (-1.05%)
10.62%(132.9M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +81.2M (0.00%)
6.49%(81.2M shares)
State Street Corp
institution
Filed 2026-03-31 • Change -527.8K (-0.88%)
4.73%(59.2M shares)
Amvescap Plc.
institution
Filed 2026-03-31 • Change -575.4K (-1.13%)
4.03%(50.5M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -78.8K (-0.20%)
3.18%(39.7M shares)
Vanguard Portfolio Management, LLC
institution
Filed 2026-03-31 • Change +37.1M (0.00%)
2.96%(37.1M shares)
Geode Capital Management, LLC
institution
Filed 2026-03-31 • Change +1.4M (+4.23%)
2.81%(35.2M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-011,611,350,000
2018-01-011,621,700,000
2019-01-011,500,970,000
2020-01-011,459,100,000
2021-01-011,415,300,000
2022-01-011,363,390,000
2023-01-011,322,200,000
2024-01-011,291,469,000
2025-01-011,265,526,000
2026-01-011,261,102,000

Top Holders

Available reported ownership records.

Scroll the table to see every column.

Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc132,852,32010.62%2026-03-31
Vanguard Capital Management, LLC81,155,7446.49%2026-03-31
State Street Corp59,158,3004.73%2026-03-31
Amvescap Plc.50,464,3194.03%2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest39,742,5843.18%2026-08-31
Vanguard Portfolio Management, LLC37,060,9632.96%2026-03-31
Geode Capital Management, LLC35,175,9262.81%2026-03-31
FMR Inc33,574,8422.68%2026-03-31
Vanguard 500 Index Investor33,224,7062.66%2026-08-31
JPMorgan Chase & Co32,712,9332.61%2026-03-31
Invesco QQQ Trust26,902,1512.15%2026-08-31
Ameriprise Financial Inc20,788,1301.66%2026-03-31
Morgan Stanley - Brokerage Accounts18,971,1221.52%2026-03-31
NORGES BANK18,123,3991.45%2026-06-30
iShares Core S&P 500 ETF16,653,2451.33%2026-08-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The company delivered an outstanding financial year for fiscal 2026, with annual revenue surging 26% to $23.2 billion and net income expanding 36% to $7.27 billion. Powerful demand for artificial intelligence memory chips and advanced foundry tools drove record quarterly revenue of $6.72 billion in June. However, headline profits tell only part of the story. Free cash flow contracted nearly 10% to $4.89 billion because rapidly accelerating tool shipments absorbed substantial working capital into unpaid customer receivables and inventories. While upcoming guidance points toward continued quarterly growth, translating delivered equipment into collected cash remains essential as customer fab buildouts mature.

Revenue, Net Income, and Free Cash Flow

Latest: USD 23.2B | Max: USD 23.2B | Min: USD 1.7B

RevenueFree Cash FlowNet Income
USD 29.3BUSD 22.0BUSD 14.6BUSD 7.3BUSD 0.00
23.2B
4.9B
7.3B
'17
'19
'21
'23
'25
'26

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 75x

>100x>100x>100x77x0x-38x
>100x
>100x
75x
'22'24'26

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability expanded to multi-decade highs during fiscal 2026, with gross margins climbing to 50.5% and operating margins reaching 35.3%. Selling proprietary cryogenic etch chambers and advanced packaging tools commanded premium pricing power, while manufacturing scale in lower-cost Asian facilities provided powerful operational leverage. Nevertheless, margins historically peak alongside equipment delivery cycles. While recurring customer service revenues provide a reliable profitability cushion, operating margins above 35% will face pressure once memory customers digest newly installed capacity and trade curbs constrain high-margin Chinese shipments. Sustainable through-cycle profitability will depend on maintaining technical leadership in next-generation chip architectures.

Profitability Margins

Latest: 50.5% | Max: 50.5% | Min: 21.2%

Gross MarginOperating MarginNet Margin
63.6%47.7%31.8%15.9%0.0%
50.5%
35.3%
31.3%
'17
'19
'21
'23
'25
'26

Latest Profitability Ratios as of 2026-06-30

Gross Margin

50.5%

Gross profit / revenue

Operating Margin

35.3%

Operating income / revenue

Net Margin

31.3%

Net income / revenue

FCF Margin

21.1%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2017-06-308,013,620,0001,697,763,0001,871,863,000
2018-06-3011,076,998,0002,380,681,0002,382,278,000
2019-06-309,653,559,0002,191,430,0002,872,522,000
2020-06-3010,044,736,0002,251,753,0001,923,212,000
2021-06-3014,626,150,0003,908,458,0003,239,067,000
2022-06-3017,227,039,0004,605,286,0002,553,640,000
2023-06-3017,426,706,0004,510,931,0004,677,370,000
2024-06-3014,905,386,0003,827,772,0004,255,599,000
2025-06-3018,435,591,0005,358,217,0005,414,078,000
2026-06-3023,232,690,0007,265,396,0004,891,252,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2026-06-3075.22Trailing four quarters
2025-06-3022.99Trailing four quarters
2024-06-30359.27Trailing four quarters
2023-06-30188.43Annual net income
2022-06-30126.16Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2017-06-3044.9723.7421.1923.36
2018-06-3046.6329.0121.4921.51
2019-06-3045.1525.5322.729.76
2020-06-3045.8826.6222.4219.15
2021-06-3046.5330.6426.7222.15
2022-06-3045.6931.2426.7314.82
2023-06-3044.6329.6925.8926.84
2024-06-3047.3228.6125.6828.55
2025-06-3048.7132.0129.0629.37
2026-06-3050.4735.2931.2721.05

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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