LRCX
LAM RESEARCH CORP
Industrials • Nasdaq • CIK 0000707549
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Market Cap
$411.06B
P/E (TTM)
56.7x
Rev Growth (TTM)
+26.0%
Net Margin (TTM)
31.3%
FCF Yield (TTM)
1.2%
FCF Margin (TTM)
21.1%
Figures as of June 28, 2026
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KAug 20262026-08-27source
10-K2026 FY2026-08-07source
8-KEarnings2026-07-29source
10-Q2026 Q32026-04-23source
8-KEarnings2026-04-22source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q4
2 months ago
8-K releaseRevenue
$6.72B
+30.0%
Net Income
$2.28B
+32.4%
EPS
$1.81
+34.1%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$4.9B
Q4 '26
$1.3B+57%
Q3 '26
$809.8M-34%
FCF Margin
TTM21.1%
Q4 '2618.9%+36%
Sector: 6.1%Top 10%
OCF Margin
25.2%
OCF/NI0.81x
CapEx Coverage
6.1x
FCF Yield1.2%
FCF Growth (3Y)+2%
Cash Conversion Cycle
160 days
DSO: 61+DIO: 130−DPO: 32
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM1.2%
Div Yield0.3%
+Buyback (TTM)0.9%
Dividend & Payout Metrics
Dividend Yield (TTM)0.3%
FCF Payout Ratio25.9%
Free Cash Flow (TTM)$4.9B
Stock Repurchases (TTM)$3.9B
Capital Return / FCF104.7%
Shares Outstanding (YoY)-1.4%↓ Buyback
Est. Dividends Paid (TTM)$1.3B
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
56.7x
Volatile
8Q: 24.8x+2827%
Valuation Lenses
Earnings
56.7x
vs – sector
Cash Flow
83.7x
EV/FCF vs –
Growth-Adj
1.5xPEG
Fair for growth
Quality-Adj
1.2P/E per %ROIC
ROIC: 49.0%
Shareholder Returns
Dividend
0.3%
Buyback
0.9%
Total Yield
1.2%
Market Cap$411.06B
EV$409.20B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
50.5%
Operating
35.3%
Top 25% in sector
Net
31.3%
Margins Unknown
Return on Invested CapitalTTM
49.0%
Moderate
+0.1% YoY8Q: 42.7%+22.9%
P25MedianP75
75th pctl (med: 7.2%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
31.0%
8Q: 29.2%
Asset Turnover
1.07x
8Q: 0.99x
Leverage (1+D/E)
1.30x
D/E: 0.30x
DuPont: 43.3% ≈ 49.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
8.68x
8Q:8.34x
+130.6%
Invested Cap Turn
2.04x
8Q:1.83x
+75.1%
CapEx Intensity
8.5%
8Q:6.6%
CapEx/Depreciation
2.19x
FCF vs Net Margin Gap-10.2 pts
FCF margin lags net margin by 10.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
Net Cash
Net Debt / EBITDA
Net Cash
(0.2x)Net Cash: $1.86B
Interest Coverage
52.3x
+Net cash position: $1.86B
+Strong interest coverage: 52.3x
Leverage Metrics
Debt-to-Equity
0.30x
Balance sheet risk & solvency analysis
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