Lam Research Corp
Research Lam Research Corp (LRCX) on Bullrun: valuation model: 20.9% overvalued, market cap USD 387.35B, P/E 53.7, dividend yield 0.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerLRCX
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySemiconductor Equipment & Materials
- CurrencyUSD
- Valuation signal20.9% overvalued
- Market capUSD 387.35B
- P/E53.7
- Dividend yield0.4%
- Financial periodFY2026
- RevenueUSD 23.23B
- Revenue growth26.0%
- Net incomeUSD 7.27B
- Free cash flowUSD 4.89B
- Gross margin50.5%
Valuation Snapshot
Bullrun's latest valuation model marks Lam Research Corp as 20.9% overvalued; latest market cap is USD 387.35B; P/E is 53.7; dividend yield is 0.4%.
Peer valuation comparison
Latest P/E is 53.7x versus a Technology sector median of 28.7x (87.1% above).
Latest dividend yield is 0.37% versus a Technology sector median of 1.8% (79.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | USD 23.23B | USD 7.27B | USD 4.89B | 50.5% | 5.76 | USD 5.58B | USD 3.73B | USD 12.47B |
| FY2025 | USD 18.44B | USD 5.36B | USD 5.41B | 48.7% | 4.15 | USD 6.39B | USD 4.47B | USD 9.86B |
| FY2024 | USD 14.91B | USD 3.83B | USD 4.26B | 47.3% | 2.9 | USD 5.85B | USD 4.97B | USD 8.54B |
| FY2023 | USD 17.43B | USD 4.51B | USD 4.68B | 44.6% | 3.32 | USD 5.34B | USD 4.97B | USD 8.21B |
| FY2022 | USD 17.23B | USD 4.61B | USD 2.55B | 45.7% | 32.75 | USD 3.52B | USD 4.96B | USD 6.28B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 387.35B | 53.7 | 0.4% | 1.11 |
| 2025 | 2025-12-31 | USD 214.18B | 35.1 | 0.6% | 0.98 |
| 2024 | 2024-12-31 | USD 92.81B | 22.0 | 3.7% | 2.66 |
| 2023 | 2023-12-29 | USD 102.83B | 26.6 | 7.2% | 5.66 |
| 2022 | 2022-12-30 | USD 56.91B | 12.0 | 5.2% | 2.2 |
| 2021 | 2021-12-31 | USD 100.89B | 22.4 | 4.0% | 2.9 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.11 USD, yield 0.4%.
| Year | Dividends/share |
|---|---|
| FY2026 | 0.52 USD |
| FY2025 | 0.92 USD |
| FY2024 | 0.8 USD |
| FY2023 | 0.69 USD |
| FY2022 | 6 USD |
About Lam Research Corp
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;
ETFs that hold Lam Research Corp
Lam Research Corp is one of the ten largest holdings of 155 ETFs that investors in Europe can buy. The 8 most traded of them:
Compare every fund on the same index:
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Frequently asked questions
Is Lam Research Corp overvalued or undervalued?
Bullrun's valuation model currently marks Lam Research Corp as 20.9% overvalued.
What is Lam Research Corp's market cap?
Lam Research Corp's market capitalization is USD 387.35B.
What is Lam Research Corp's P/E ratio?
Lam Research Corp's price-to-earnings (P/E) ratio is 53.7.
Does Lam Research Corp pay a dividend?
Lam Research Corp has a dividend yield of 0.4%.
What does Lam Research Corp do?
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.