Lam Research
LRCX stock analysis · Information Technology · Semiconductor Materials & Equipment
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-28. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-28 · -84.8% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
65 sector peers · median 43.6×
How this is calculated ↗Historical multiples
3 annual observations · snapshot P/E 101.2× · 153.2% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $82.43 | $89.94 | $98.01 |
| 10.0% | $60.40 | $65.72 | $71.42 |
| 12.0% | $47.65 | $51.71 | $56.06 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2026-06-28 | 23.2B | 7.3B | 5.9B | 966.4M | 23.5B |
| 2025-06-29 | 18.4B | 5.4B | 6.2B | 759.2M | 21.3B |
| 2024-06-30 | 14.9B | 3.8B | 4.7B | 396.7M | 18.7B |
| 2023-06-25 | 17.4B | 4.5B | 5.2B | 501.6M | 18.8B |
| 2022-06-26 | 17.2B | 4.6B | 3.1B | 546M | 17.2B |
| 2021-06-27 | 14.6B | 3.9B | 3.6B | 349.1M | 15.9B |
| 2020-06-28 | 10B | 2.3B | 2.1B | 203.2M | 14.6B |
| 2019-06-30 | 9.7B | 2.2B | 3.2B | 303.5M | 12B |
| 2018-06-24 | 11.1B | 2.4B | 2.7B | 273.5M | 12.5B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 18.4B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-08-07 |
| netIncome | 5.4B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-08-07 |
| Parent/common earnings proxy | 5.4B | NetIncomeLoss | 2026-08-07 |
| cfo | 6.2B | NetCashProvidedByUsedInOperatingActivities | 2026-08-07 |
| capex | 759.2M | PaymentsToAcquireProductiveAssets | 2026-08-07 |
| operatingIncome | 5.9B | OperatingIncomeLoss | 2026-08-07 |
| assets | 21.3B | Assets | 2026-08-07 |
| equity | 9.9B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-08-07 |
| Parent book equity proxy | 9.9B | StockholdersEquity | 2026-08-07 |
| debt | 4.5B | LongTermDebt | 2026-08-07 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 6.4B | CashAndCashEquivalentsAtCarryingValue | 2026-08-07 |
| shares | 1.3B | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-08-07 |
| dividends | 1.1B | PaymentsOfDividends | 2026-08-07 |
| buybacks | 3.4B | PaymentsForRepurchaseOfCommonStock | 2026-08-07 |
| issuance | 2.5M | ProceedsFromIssuanceOfCommonStock | 2026-08-07 |