Financial Performance
5Y price score: 461
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 2,309.1%
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135.5
52-week range
438.5
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
2.3 %
Dividend Yield TTM
0.5 %
Market cap $
$ 288,064
Price / Earnings TTM
34.3
Price / Book TTM
20.7
PEG TTM
0.9
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
63.6 %
319.8 %
2,309.1 %
Free cash flow per share growth
105.5 %
74 %
478.2 %
Earnings per share growth
76.6 %
114.1 %
1,007.7 %
Founded: 1,980
Employees: 17,700
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2027 Q1 (Oct 21, 2026)
1) Business Strategy & Leadership - Lam Research continues to experience strong growth driven by AI demand, with expectations for systems revenue to grow over 40% year-on-year in 2026. - The company is focused on expanding its served available market (SAM) through increased complexity in semiconductor devices and advanced packaging solutions. - Lam is actively managing supply chain constraints and is confident in its ability to meet future demand, with visibility extending through 2028.
2) Financial & Segment Results - Q1 2027 revenue reached a record $8.22 billion, up 54% YoY and 22% sequentially. - Gross margin improved to 52.4%, while operating margin reached a record 40.2%. - Systems revenue breakdown for September quarter: Memory (46%), Foundry (46%), and Logic/Other (8%). - Customer Support Business Group (CSBG) revenue grew over 30% YoY, with expectations for continued growth in 2027.
3) Market Dynamics & Headwinds - Supply chain constraints are impacting the ability to fully meet demand, particularly in clean room space and certain components. - China’s contribution to revenue is expected to decline significantly in the December quarter compared to September, affecting overall revenue mix. - The transition to 3D DRAM and NAND upgrades is creating both opportunities and challenges, with ongoing investments in advanced technologies.
4) Operational & Product Plans - Lam is investing in R&D to enhance its product portfolio, particularly in advanced packaging and NAND technologies. - The company anticipates significant growth in panel-level packaging, with shipments to over 20 customers. - New product introductions, such as Akara and Aether, are expected to drive profitability and market share gains.
5) Guidance & Outlook - For Q2 2027, Lam expects revenue of $8.6 billion ± $400 million, with gross margin guidance of 52.5% ± 1%. - The company is committed to returning 85% of free cash flow to shareholders, with $3 billion remaining in its share repurchase program. - The outlook for WFE in 2027 is projected to exceed $200 billion, with growth driven by DRAM, foundry logic, and NAND.
Bottom line: Lam Research is well-positioned for sustained growth, driven by strong demand in AI and advanced semiconductor technologies, despite facing near-term supply chain challenges. The company's strategic investments and operational execution are expected to continue delivering record revenues and profitability, making it an attractive prospect for shareholders.
Annual Reports, Presentations And IR Contacts
Go to the websiteLam Research Corp — Financial Overview, Stock Price, Market Cap
Lam Research Corp is a company. Founded in 1980. As of October 23, 2026, the company's market capitalization is $288064369800 with a current stock price of $230.19.