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Lam Research $LRCX

Information Technology · Semiconductor Materials & Equipment · NASDAQ

S&P 500 Nasdaq-100 Russell 1000 California
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$266.52
-5.68 (-2.09%)
As of Oct 20, 2026, 11:07 AM EDT · cached
Price history
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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 21, 2026, the first target we tracked for LRCX.

Key facts

52-week range (closes)
$138.31 – $433.33 Lowest close Oct 14, 2025, highest Jun 30, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
June Fiscal 2026 ended Jun 28, 2026, from SEC filings
In the S&P 500 since
Jun 29, 2012 · All S&P 500 changes
In the Nasdaq-100 since
Dec 22, 2014, replacing Expedia Group (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM) · Annual index reconstitution. · NASDAQ revised the index methodology allowing multiple share classes of index participants to be included. · All Nasdaq-100 changes
Analyst coverage
5 open price targets from 5 firms: Evercore ISI, Mizuho, Morgan Stanley, Stifel, TD Cowen Approved targets tracked here; see the analyst section below

Lam Research (LRCX) is trading down at $266.52 (-2.09%) 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 47% above the current $267. Each is tracked to its date and scored the same way a member's call is.

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, %)
$23.2B$11.6B$0FY2017 revenue: $8.01BFY2017 net income: $1.70B · Net margin 21.2%'17FY2018 revenue: $11.1BFY2018 net income: $2.38B · Net margin 21.5%'18FY2019 revenue: $9.65BFY2019 net income: $2.19B · Net margin 22.7%'19FY2020 revenue: $10.0BFY2020 net income: $2.25B · Net margin 22.4%'20FY2021 revenue: $14.6BFY2021 net income: $3.91B · Net margin 26.7%'21FY2022 revenue: $17.2BFY2022 net income: $4.61B · Net margin 26.7%'22FY2023 revenue: $17.4BFY2023 net income: $4.51B · Net margin 25.9%'23FY2024 revenue: $14.9BFY2024 net income: $3.83B · Net margin 25.7%'24FY2025 revenue: $18.4BFY2025 net income: $5.36B · Net margin 29.1%'25FY2026 revenue: $23.2BFY2026 net income: $7.27B · Net margin 31.3%'260%10%20%30%40%FY2017 net margin: 21.2%FY2018 net margin: 21.5%FY2019 net margin: 22.7%FY2020 net margin: 22.4%FY2021 net margin: 26.7%FY2022 net margin: 26.7%FY2023 net margin: 25.9%FY2024 net margin: 25.7%FY2025 net margin: 29.1%FY2026 net margin: 31.3%
Lam Research annual financial statements
FY2017Jun 2017FY2018Jun 2018FY2019Jun 2019FY2020Jun 2020FY2021Jun 2021FY2022Jun 2022FY2023Jun 2023FY2024Jun 2024FY2025Jun 2025FY2026Jun 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 margin45.0%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 margin23.7%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 margin21.2%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

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 →

Lam Research vs the Information Technology sector and the S&P 500

Lam Research's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Lam Research compared with the median Information Technology company and the median S&P 500 company
MeasureLam ResearchInformation Technology (75 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+26.0%+13.7%+7.0%
Net margin, latest fiscal year31.3%16.5%12.9%
Dividend per share, latest fiscal year$1.04$2.00$2.40
Share price change, 1 year+89.0%+11.0%+5.6%

Lam Research: fiscal year ended June 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Lam Research included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

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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