Lam Research Corp.

Lam Research Corp.

LRCX

Market Cap$106.22B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Lam Research Corp.Lam Research Corp.24.81.04%49%7.30.6

Earnings Call Q2 2025

January 29, 2025 - AI Summary

Strong Financial Performance: Lam Research reported a revenue of $16.2 billion for calendar year 2024, with a diluted EPS of $3.36. In the December quarter alone, revenue was $4.38 billion, up 5% from the prior quarter, and gross margin was 47.5%, reflecting strong operational execution.
Projected WFE Growth: The company forecasts wafer fabrication equipment spending to rise to approximately $100 billion in 2025, with expectations for Lam to outgrow this market, fueled by technology shifts in AI, NAND upgrades, and advanced packaging. Lam's growth in gate-all-around nodes and advanced packaging shipments are anticipated to exceed $3 billion in 2025.
Challenges in NAND Market: Although NAND spending is expected to show improvement, there are risks tied to global customer dependence, especially with new China export controls resulting in an estimated loss of $700 million in potential revenue. The transition to higher layer counts presents both opportunity and challenge, as the existing manufacturing infrastructure is primarily below 200 layers.

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$93.75

Target Price by Analysts

6.9% upsideLam Research Target Price DetailsTarget Price
$54.31

Current Fair Value

38% downside

Overvalued by 38% based on the discounted cash flow analysis.

Share Statistics

Market cap$106.22 Billion
Enterprise Value$105.71 Billion
Dividend Yield$0.86 (1.0392749244713%)
Earnings per Share$2.91
Beta1.49
Outstanding Shares1,287,109,000

Return

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

Valuation & Multiples

P/E Ratio24.81
PEG99.99
Price to Sales7.31
Price to Book Ratio14.61
Enterprise Value to Revenue6.52
Enterprise Value to EBIT26.31
Enterprise Value to Net Income24
Total Debt to Enterprise0.05
Debt to Equity0.58

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 ...