Added to YB: 2026-03-19
Pitch date: 2026-03-17
LRCX [neutral]
Lam Research Corporation
Author Info
No bio for this author
Company Info
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.
Market Cap
$274.0B
Pitch Price
N/A
Price Target
N/A
Dividend
0.47%
EV/EBITDA
36.21
P/E
45.03
EV/Sales
13.24
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Lam Research (LRCX): Leading Equipment Provider in the AI Era
LRCX (overview): Leading semi equipment maker w/ wide moat in etch/deposition for AI chips (HBM/NAND). FY25 rev $18.4B (+24% YoY), net margin 30%, ROE 66%, ROIC 42% vs 16% WACC. 5yr owner earnings 38% (EPS+div) or 51% (FCF+div). Strong balance sheet, low leverage. Priced at 43x P/E, 13x P/S vs market — super premium valuation. Risks: China export controls (~$600M impact), customer concentration, margin pressure from mix shift. Morningstar hold; Schwab/analysts buy.
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