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LRCX · Lam Research Corp

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$221.43 -9.29 (-4.03%) At close · Nov 4
S&P 500 member Nasdaq-100 member Russell 1000 member Rebalance outlook locked
Market Cap
$288.21B
Shares
1.25B
Volume · Nov 4 14.59M Avg daily vol (3M) 9.35M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$221.43 Open$227.79 Day$218.50–233.05 52W close$139.59–433.33 Avg vol 30d10.3M Short int28.3M · 2.3% of shares · 3.6d Short vol37% Last earningsOct 21, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 22

Up next

Next earnings call
Jan 20, 2027 Est · unconfirmed · in 11 wks
Q1 2027 earnings call transcript
call held Oct 21, 2026
Play latest call

Latest documents

2026
Oct 22
Quarterly report 10-Q FY2027 Q1, ended Sep 27
Quarterly report for FY2027 Q1

Lam Research Corporation reported revenue of 8,219,418 and net income of 2,753,138 for the three months ended September 27, 2026. Cash, cash equivalents and restricted cash reached $7.45 billion, supported by $3.50 billion of operating cash flow.

Revenue $8.22B ▲ 54.4% Net income $2.75B ▲ 75.5% Diluted EPS $2.19 ▲ 76.6%
Read from the MD&A section
Oct 21
Earnings call
Q1 2027 earnings call

LAM Research reported September 2026 quarter revenue of $8.22 billion and operating margin of 40.2 percent, and guided December 2026 revenue to $8.6 billion, plus or minus $400 million, with $2.33 EPS.

Oct 21
Current report 8-K
Financial results

Lam Research reported record September 2026-quarter revenue of $8.22 billion, up 22%, with U.S. GAAP operating margin of 40.0% and diluted EPS of $2.19. It guided the quarter ending December 27, 2026 to revenue of $8.60 Billion +/- $400 Million.

Sep 24
Annual report to holders ARS
Annual report to holders

Lam Research reported record fiscal year 2026 results: revenue rose 26% to $23.2 billion, diluted EPS increased 39% to $5.76, operating margin reached 35.3%, and it invested $2.4 billion in R&D while returning $4.7 billion to stockholders.

Read from the first part of this long document
Sep 24
Proxy statement DEFA14A
Proxy statement

Lam Research Corporation will hold its 2026 Annual Meeting on November 3, 2026, with votes on director elections, executive compensation, auditor ratification, and a stockholder proposal on special-meeting rights.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$26.13B
Trailing 12 months
Net income (TTM)
$8.45B
Trailing 12 months
Revenue growth YoY
+54.4%
Year over year
Operating margin
37.0%
Trailing 12 months
P / E (TTM)
34.4
Trailing earnings · reciprocal yield 2.9%
FCF yield
2.3%
TTM · current market cap
Return on invested capital
82.3%
Trailing 12 months
Net cash
$3.70B
Latest balance sheet
Dividend yield
0.5%
Trailing 12 months
Shares change YoY
-1.1%
Year over year · fewer shares
Price change (1Y)
+43.1%
Trailing year
Short interest
2.3%
Latest settlement · 3.6 days to cover
View all 122 metrics

Quarterly results

Revenue Net income Net loss
▲16.4% $4.38B $1.19B '25 Q2 ▲24.4% $4.72B $1.33B '25 Q3 ▲33.6% $5.17B $1.72B '25 Q4* ▲27.7% $5.32B $1.57B '26 Q1 ▲22.1% $5.34B $1.59B '26 Q2 ▲23.8% $5.84B $1.83B '26 Q3 ▲30% $6.72B $2.28B '26 Q4* LATEST ▲54.4% $8.22B $2.75B '27 Q1

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q4 FY26 earnings call · Jul 29, 2026
Q4 FY26

TL;DR. Lam Research delivered record June-quarter revenue of $6.72B, gross margin and EPS, and guided September revenue of $8.1B with operating margin of 39.5%, while raising its 2026 WFE outlook to the low $150B range and lifting its long-term margin framework toward mid-50% gross / mid-40% operating margins. CSBG posted a third consecutive record quarter and NAND revenue more than doubled sequentially, though China revenue declined and the non-GAAP tax rate is set to rise to mid-teens.

Bullish
  • + Set September-quarter revenue guide of $8.1B, representing more than 20% sequential growth.
  • + Raised calendar 2026 WFE outlook to the low $150B range from the prior $140B outlook.
  • + Lifted long-term profitability framework to mid-50% gross margin and mid-40% operating margin over the next several years.
  • + Record June-quarter results including 52.0% non-GAAP gross margin, 38.4% non-GAAP operating margin, and non-GAAP diluted EPS of $1.82.
  • + CSBG posted a third consecutive quarter of record revenue at nearly $2.5B, up 17% sequentially and 43% year-on-year.
  • + NAND revenue more than doubled sequentially on conversions to 256-layer and above devices.
Bearish
  • − Mature-node spending in China was down sequentially.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Research

our published analysis of this company

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Weak Sentiment Bearish Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 16.6 · calm Equity put/call 0.44
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −22%
below
Price vs 50-day avg −23%
below
RSI (14) 30
oversold
MACD trend Negative
52-week position 28%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return −33%
trailing
6-month return −26%
trailing
YTD return +29%
this year
Relative strength −28%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $289 › 200d $284 — 50d above 200d
Institutional flow Distributing
1,658 of 3,168 funds reported for Sep 30 · net -1.6M sh shares · +80 new
Insider flow Distributing
Net -$3.0M over 90 days · 100% sells
Short interest Rising
2.27% of shares out · ▲ +9.7% MoM · 3.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
3,168 holders — near 3-yr high, broad support
Squeeze score 44
elevated · 0–100
Fundamentals
Excellent
Revenue growth +52%
Y/Y
Gross margin 362%
contracting
EPS growth +39%
Y/Y
Valuation P/E 34.4
in line
Balance sheet $1.9B
net cash
Quant / Vol
risk profile
Very High
Volatility 66%
annualized · 1-yr
Max drawdown −49%
past year
ATR 6.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Apr 22, 2026
as the industry moves to 1C nodes
Total dielectric deposition SAM and DRAM at least 20%
calendar year 2026
Advanced packaging revenue growth at least 50%
over time
Free cash flow at least 85%
Return at least 85% of free cash flow to our shareholders at least 85%
Looking forward
Capital expenditure 4% – 5%
pretty much all happening by the end of 27
$40 billion in upgrade spending $40B
Prior guidance period ended · from the 8-K filed Oct 21, 2026
Revenue · quarter ending December 27, 2026 $8.6B
Gross margin · quarter ending December 27, 2026 52.5%
Operating margin · quarter ending December 27, 2026 40.5%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−22% Bearish
Price vs 50-day avg
−23% Bearish
RSI (14)
30 Neutral
MACD trend
Negative Bearish
52-week position
28% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross) No cross
50d $289 › 200d $284 — 50d above 200d
Institutional flow Distributing
1,658 of 3,168 funds reported for Sep 30 · net -1.6M sh shares · +80 new
Insider flow Distributing
Net -$3.0M over 90 days · 100% sells
Short interest Rising
2.27% of shares out · ▲ +9.7% MoM · 3.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
3,168 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $140 Now $221 · 28% Range high $433
vs 200-day avg -22% vs 50-day avg -23%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Semiconductor Equipment & Materials — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
LRCX
Lam Research Corp
this stock
$288.21B +29.4% +51.7% 34.4 2.3%
ASML
Asml Holding NV
 $576.70B +39.9% — — 0.1%
AMAT
Applied Materials Inc
 $293.15B +43.7% -12.6% 31.9 1.8%
KLAC
Kla Corp
 $203.52B — +11.7% 39.2 1.9%
ATEYY
Advantest Corp
 $155.87B +71.0% — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
3,119
% held
89.8%
Reported
1,658 of 3,168
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
1,677
View
Short & Settlement
Short Interest Rising
Shares short
28.3M
Days to cover
3.6d
Change
+2.5M sh
View
Short Volume
Short vol %
37%
As of
Nov 4, 2026
Short Total
View
Fails to Deliver
FTD shares
1.2K
Value
$380.8K
As of
Sep 28, 2026
View
Off-Exchange
Off-exchange %
43.9%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$3.0M
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Buy
Member
David J. Taylor
Amount
$1.0K–$15.0K
Traded
Oct 15, 2026
View
Financials
Financials
Revenue (FY)
$23.2B
Net income (FY)
$7.3B
EPS diluted
$5.76
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 22, 2026
This year
19

Lam Research Corporation reported revenue of 8,219,418 and net income of 2,753,138 for the three months ended September 27, 2026. Cash, cash equivalents and restricted cash reached $7.45 billion, supported by $3.50 billion of operating cash flow.

View
Proposed Sales
Value
$174.4K
Shares
719
Filed
Nov 2, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 3, 2026
View
Investor Relations
Latest news
Lam Research Corporation Reports…
Published
Oct 21, 2026
View

Performance

5D 20D 120D MTD YTD
LRCX -12.8% -32.8% -26.0% -7.4% +29.4%
SPY -0.7% -1.3% +2.5% +1.5% +12.5%
vs SPY -12.1% -31.5% -28.5% -8.9% +16.9%

Capital returns

Latest dividend
$0.33 / share · ex Sep 23, 2026
Raised 26.9%
Paid (TTM)
$1.11 / share · 4 payouts
Dividend yield (TTM, derived)
0.50%
Full dividend history

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 707549 CUSIP 512807306 13F (30d) 1566 filings 1498 filers Visit website Investor relations