Lam Research Corp.

Lam Research Corp.

LRCX

Market Cap$95.32B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Lam Research Corp.Lam Research Corp.20.51.19%49%5.80.5

Earnings Call Q3 2025

April 23, 2025 - AI Summary

Strong Financial Performance: Lam Research reported revenue of $4.72 billion for the March quarter, an increase of 8% from the previous quarter. Gross margin reached 49%, the highest since the merger with Novelis in 2012, suggesting strong operational efficiencies and a favorable product mix. The company's EPS was $1.04, demonstrating solid profitability.
Positive Outlook for June Quarter: For the June quarter, the company expects revenue to be around $5 billion plus or minus $300 million, with gross margin guidance at 49.5% and operating margin at 33.5%. This forecast reflects continued strength in foundry and NAND sectors, aligning with the company's strategy to outperform overall wafer fab equipment (WFE) spending in the $100 billion range.
NAND Market Dynamics: The upgrade market for NAND is expected to be a significant growth driver, with a focus on technology conversions from 1XX to 256-layer devices. Lam anticipates ongoing demand as a large portion of industry bits remain at 1XX levels. The company is well-positioned to capture spending through upgrades of its existing tools while also introducing new tools to support advanced stacking.

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$80.00

Target Price by Analysts

6.8% upsideLam Research Target Price DetailsTarget Price
$55.65

Current Fair Value

25.7% downside

Overvalued by 25.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$95.32 Billion
Enterprise Value$95.04 Billion
Dividend Yield$0.89 (1.19431025228127%)
Earnings per Share$2.91
Beta1.53
Outstanding Shares1,283,779,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio20.54
PEG54.37
Price to Sales5.76
Price to Book Ratio10.7
Enterprise Value to Revenue5.55
Enterprise Value to EBIT21.16
Enterprise Value to Net Income20
Total Debt to Enterprise0.05
Debt to Equity0.54

Revenue Sources

No data

Insider Trades

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 ...