Lam Research Corp.
LRCX
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+ FollowMarket Cap$389.36B
Close$
Earnings Call Q4 2026
July 29, 2026 - AI Summary
Record growth across the core platform (good / key signal): Q2 delivered $1.3B revenues (+32% YoY), record net deposits of $22B (management cited 28% annualized growth rate), and record volumes across equities, options, and prediction markets. Gold subscribers hit 4.8M (+17% attach rate vs net funded accounts)—supporting higher recurring/interest revenue and engagement.
Profitability at scale + cost discipline (good / important for valuation): Despite adding new product lines, adjusted profitability stayed strong: adjusted EBITDA $741M (+35% YoY) with 57% adjusted EBITDA margin. Adjusted OpEx & SBC was $641M, and the company emphasized operating discipline and “self-funding” new initiatives via efficiencies. This is consistent with their internal Rule of 40 framing (double-digit revenue growth + strong margins).
2026 outlook tightened (forecast / forward-looking): Robinhood lowered and tightened its 2026 adjusted OpEx + SBC outlook to $2.675B–$2.775B (from the prior outlook range referenced earlier). This implies management expects continued growth while controlling incremental expense pressure from Rothera and WonderFi.
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$66.17
80.4% downside
Current Fair Value
80.4% downsideOvervalued by 80.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $389.36 Billion |
|---|---|
| Enterprise Value | $388.20 Billion |
| Dividend Yield | $1.04 (0.33%) |
| Earnings per Share | $5.79 |
| Beta | 1.81 |
| Outstanding Shares | 1,255,079,000 |
Return
| Return on Equity | 58.26% |
|---|---|
| Return on Assets | 30.88% |
| Return on Invested Capital | 46.28% |
Valuation & Multiples
| P/E Ratio | 53.77 |
|---|---|
| PEG | 166 |
| Price to Sales | 18.72 |
| Price to Book Ratio | 37.45 |
| Enterprise Value to Revenue | 16.71 |
| Enterprise Value to EBIT | 47.68 |
| Enterprise Value to Net Income | 53 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.35 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 29, 2026
EPS Estimate
$1.69
Average shareholder expectationRevenue Estimate
$6.66 B
Average shareholder expectationNext Earnings Call
Expected Date
October 21, 2026
EPS Estimate
$2.15
Average shareholder expectationRevenue Estimate
$8.13 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 1.1660▼ 3.58% |
|---|---|
| Total Calls | 1,187,340▼ 92.32% |
| Total Puts | 1,384,400▼ 92.55% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 25.79%▼ 55.24% |
|---|---|
| Total Invested | $139.31B▼ 35.38% |
| Investors Holding | 1,961▼ 747.00% |
ESG Score
No data
About Lam Research Corp.
10,700 employees
CEO: Timothy Archer Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in ...