$277.46
-9.46
(-3.30%)
As of Oct 15, 2026, 11:06 PM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Jul 21, 2026, the first target we tracked for LRCX.
Lam Research (LRCX) is trading down at $277.46 (-3.30%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on LRCX
Current price targets from 5 firms average $393, median $400, ranging from $355 to $425 — the average is 42% above the current $277. Each is tracked to its date and scored the same way a member's call is.
- Morgan Stanley $332 → $385 by Oct 2027 Oct 5, 2026 via NAI500 · Morgan Stanley's track record
- Evercore ISI $322 → $355 by Jul 2027 Jul 21, 2026 via Investing.com · Evercore ISI's track record
- TD Cowen $322 → $400 by Jul 2027 Jul 21, 2026 via Investing.com · TD Cowen's track record
- Stifel $322 → $425 by Jul 2027 Jul 21, 2026 via Investing.com · Stifel's track record
- Mizuho $322 → $400 by Jul 2027 Jul 21, 2026 via Investing.com · Mizuho's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Lam Research revenue & net income history (FY2017–FY2026)
RevenueNet incomeNet margin (right axis, %)
| FY2017Jun 2017 | FY2018Jun 2018 | FY2019Jun 2019 | FY2020Jun 2020 | FY2021Jun 2021 | FY2022Jun 2022 | FY2023Jun 2023 | FY2024Jun 2024 | FY2025Jun 2025 | FY2026Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.01B | $11.1B | $9.65B | $10.0B | $14.6B | $17.2B | $17.4B | $14.9B | $18.4B | $23.2B |
| Growth (year over year) | +36.1% | +38.2% | −12.9% | +4.1% | +45.6% | +17.8% | +1.2% | −14.5% | +23.7% | +26.0% |
| Gross profit | $3.60B | $5.17B | $4.36B | $4.61B | $6.81B | $7.87B | $7.78B | $7.05B | $8.98B | $11.7B |
| Gross margin | 45.0% | 46.6% | 45.1% | 45.9% | 46.5% | 45.7% | 44.6% | 47.3% | 48.7% | 50.5% |
| Operating income | $1.90B | $3.21B | $2.46B | $2.67B | $4.48B | $5.38B | $5.17B | $4.26B | $5.90B | $8.20B |
| Operating margin | 23.7% | 29.0% | 25.5% | 26.6% | 30.6% | 31.2% | 29.7% | 28.6% | 32.0% | 35.3% |
| Net income | $1.70B | $2.38B | $2.19B | $2.25B | $3.91B | $4.61B | $4.51B | $3.83B | $5.36B | $7.27B |
| Net margin | 21.2% | 21.5% | 22.7% | 22.4% | 26.7% | 26.7% | 25.9% | 25.7% | 29.1% | 31.3% |
| EPS (diluted) | $0.92 | $1.32 | $1.37 | $1.51 | $2.69 | $3.27 | $3.32 | $2.90 | $4.15 | $5.76 |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.38B | $4.51B | $3.66B | $4.92B | $4.42B | $3.52B | $5.34B | $5.85B | $6.39B | $5.58B |
| Total assets | $12.1B | $12.5B | $12.0B | $14.6B | $15.9B | $17.2B | $18.8B | $18.7B | $21.3B | $23.5B |
| Total liabilities | $5.14B | $5.77B | $7.28B | $9.38B | $9.86B | $10.9B | $10.6B | $10.2B | $11.5B | $11.1B |
| Long-term debt | $1.78B | $1.76B | $3.77B | $4.96B | $4.96B | $4.96B | $4.96B | $4.47B | $3.72B | $3.72B |
| Shareholders' equity | $6.82B | $6.50B | $4.67B | $5.17B | $6.03B | $6.28B | $8.21B | $8.54B | $9.86B | $12.5B |
| Cash flow | ||||||||||
| Operating cash flow | $2.03B | $2.66B | $3.18B | $2.13B | $3.59B | $3.10B | $5.18B | $4.65B | $6.17B | $5.86B |
| Capital expenditure | $157.4M | $273.5M | $303.5M | $203.2M | $349.1M | $546.0M | $501.6M | $396.7M | $759.2M | $966.4M |
| Free cash flow | $1.87B | $2.38B | $2.87B | $1.92B | $3.24B | $2.55B | $4.68B | $4.26B | $5.41B | $4.89B |
| Dividends paid | $243.5M | $307.6M | $678.3M | $656.8M | $727.0M | $815.3M | $907.9M | $1.02B | $1.15B | $1.27B |
| Share buybacks | $811.7M | $2.65B | $3.78B | $1.37B | $2.70B | $3.87B | $2.02B | $2.84B | $3.42B | $3.85B |
RevenueNet incomeNet margin (right axis, %)
| Q1 FY25Sep 2024 | Q2 FY25Dec 2024 | Q3 FY25Mar 2025 | Q4 FY25†Jun 2025 | Q1 FY26Sep 2025 | Q2 FY26Dec 2025 | Q3 FY26Mar 2026 | Q4 FY26†Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.17B | $4.38B | $4.72B | $5.17B | $5.32B | $5.34B | $5.84B | $6.72B |
| Growth (year over year) | +19.7% | +16.4% | +24.4% | +33.6% | +27.7% | +22.1% | +23.8% | +30.0% |
| Gross profit | $2.00B | $2.07B | $2.31B | $2.59B | $2.68B | $2.65B | $2.91B | $3.48B |
| Gross margin | 48.0% | 47.4% | 49.0% | 50.1% | 50.4% | 49.6% | 49.8% | 51.7% |
| Operating income | $1.26B | $1.33B | $1.56B | $1.74B | $1.83B | $1.81B | $2.05B | $2.51B |
| Operating margin | 30.3% | 30.5% | 33.1% | 33.7% | 34.4% | 33.9% | 35.0% | 37.4% |
| Net income | $1.12B | $1.19B | $1.33B | $1.72B | $1.57B | $1.59B | $1.83B | $2.28B |
| Net margin | 26.8% | 27.2% | 28.2% | 33.3% | 29.5% | 29.8% | 31.2% | 33.9% |
| EPS (diluted) | $0.86 | $0.92 | $1.03 | $1.34 | $1.24 | $1.26 | $1.45 | $1.81 |
| Balance sheet | ||||||||
| Cash and equivalents | $6.07B | $5.67B | $5.45B | $6.39B | $6.69B | $6.18B | $4.75B | $5.58B |
| Total assets | $19.5B | $19.8B | $20.0B | $21.3B | $21.9B | $21.4B | $20.8B | $23.5B |
| Total liabilities | $11.1B | $11.0B | $10.5B | $11.5B | $11.7B | $11.2B | $10.2B | $11.1B |
| Long-term debt | $4.48B | $4.48B | $3.73B | $3.72B | $3.73B | $3.73B | $3.73B | $3.72B |
| Shareholders' equity | $8.47B | $8.81B | $9.51B | $9.86B | $10.2B | $10.1B | $10.6B | $12.5B |
| Cash flow | ||||||||
| Operating cash flow | $1.57B | $741.9M | $1.31B | $2.55B | $1.78B | $1.48B | $1.14B | $1.46B |
| Capital expenditure | $110.6M | $188.3M | $288.1M | $172.2M | $185.1M | $260.9M | $331.6M | $188.8M |
| Free cash flow | $1.46B | $553.6M | $1.02B | $2.38B | $1.59B | $1.22B | $809.8M | $1.27B |
| Dividends paid | $261.0M | $297.6M | $295.7M | $295.2M | $292.0M | $327.5M | $325.8M | $325.3M |
| Share buybacks | $997.0M | $697.7M | $435.3M | $1.29B | $975.8M | $1.47B | $1.16B | $246.6M |
From Lam Research's 10-K and 10-Q filings with the SEC; its fiscal year ends in June. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Lam Research
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
Source: Wikipedia — Lam Research
- Headquarters
- Fremont, California From SEC filings, Oct 2026
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