US · LRCX
Lam Research Corporation
- Sector
- Technology · Semiconductors
- Headquarters
- Fremont, CA 94538
- Website
- lamresearch.com
Price · as of 2025-06-29
$256.72
Market cap 292.08B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $88.32 | -65.6% |
| Intrinsic Value(DCF) | $88.35 | -65.59% |
| Graham-Dodd Method(GD) | $13.83 | -94.61% |
| Graham Formula(GF) | $127.92 | -50.17% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $3.16 | $36.87 | $153.36 | $4.79 | $33.79 |
| 2012 | $2.95 | $28.34 | $22.85 | $3.80 | $0.00 |
| 2013 | $4.18 | $34.12 | $41.91 | $2.25 | $2.81 |
| 2014 | $6.13 | $43.86 | $27.79 | $4.19 | $13.40 |
| 2015 | $6.01 | $57.19 | $35.94 | $3.44 | $8.92 |
| 2016 | $7.98 | $57.87 | $25.60 | $4.05 | $11.28 |
| 2017 | $14.71 | $78.18 | $110.71 | $6.43 | $44.75 |
| 2018 | $14.35 | $39.68 | $292.13 | $6.85 | $58.83 |
| 2019 | $21.03 | $42.39 | $50.60 | $2.64 | $0.00 |
| 2020 | $31.34 | $42.56 | $14.52 | $3.52 | $18.59 |
| 2021 | $58.08 | $63.35 | $68.05 | $9.17 | $140.84 |
| 2022 | $41.38 | $53.72 | $134.21 | $11.12 | $82.81 |
| 2023 | $68.46 | $66.09 | $162.59 | $11.46 | $30.89 |
| 2024 | $72.27 | $63.86 | $8.41 | $8.19 | $0.00 |
| 2025 | $102.58 | $88.32 | $18.81 | $13.83 | $127.92 |
AI valuation
Our deep-learning model estimates Lam Research Corporation's (LRCX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $88.32
- Current price
- $256.72
- AI upside
- -65.6%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$88.35
-65.59% upside
Graham-Dodd
$13.83
-94.61% upside
Graham Formula
$127.92
-50.17% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| LRCX | Lam Research Corporation | $256.72 | 292.08B | -66% | -66% | -95% | -50% | 24.62 | 13.38 | 7.16 | 20.54 | 57.12 | 16.38 | 48.71% | 32.01% | 29.06% | 58.24% | 66.74% | 26.73% | 0.48 | 33.11 | 2.21 | 1.49 | -0.26 | 4310.00% | 2368.00% | 2722.00% | 4.10% | 0.94 | 68.09% | 0.87% | 21.50% | 4.05% | 22.08 | 24.07 | 7.07 | 11.02 |
| AMAT | Applied Materials, Inc. | $372.30 | 295.46B | -40% | -67% | -90% | -71% | 30.85 | 10.58 | 7.61 | 22.22 | 5312.71 | 13.10 | 48.67% | 29.22% | 24.67% | 35.51% | 35.73% | 19.79% | 0.35 | 30.81 | 2.61 | 1.74 | -0.02 | 58.00% | 439.00% | -2389.00% | 2.64% | 0.99 | 32.53% | 0.64% | 19.80% | 2.91% | 25.86 | 37.62 | 7.56 | 12.25 |
| ANET | Arista Networks, Inc. | $133.50 | 168.11B | -23% | +51% | -82% | -26% | 46.32 | 13.15 | 18.06 | 38.97 | 198.66 | 13.61 | 63.71% | 42.48% | 38.99% | 31.40% | 190.47% | 20.97% | 0.00 | — | 3.05 | 2.35 | -0.50 | 2332.00% | 2860.00% | 1567.00% | 2.61% | 0.81 | 256.26% | 0.00% | 0.00% | 0.99% | 39.71 | 35.72 | 16.87 | 16.26 |
| ARM | Arm Holdings plc American… | $127.45 | 135.35B | -32% | -40% | -93% | -82% | 176.47 | 20.44 | 34.88 | 152.06 | 111.25 | 27.58 | 94.86% | 20.64% | 19.77% | 13.05% | 23.74% | 9.40% | 0.05 | — | 5.20 | 5.08 | -1.91 | 15862.00% | 2394.00% | -8120.00% | 0.13% | 0.43 | 5.11% | 0.00% | 0.00% | 0.02% | 166.02 | 771.33 | 34.26 | 41.90 |
| INTC | Intel Corporation | $45.61 | 227.82B | -31% | -48% | -60% | — | 8498.00 | 1.93 | 4.18 | 16.03 | — | 2.52 | 34.77% | -0.04% | -0.51% | 0.02% | -0.01% | 0.01% | 0.41 | -0.02 | 2.02 | 1.31 | 2.25 | -9866.00% | -47.00% | -6839.00% | -2.24% | 0.31 | -3.95% | 0.00% | 0.00% | 4.27% | -10005.09 | -46.50 | 4.35 | 2.31 |
| INTU | Intuit Inc. | $409.03 | 113.87B | +11% | +17% | -94% | -22% | 46.28 | 9.08 | 9.51 | 30.75 | 148.97 | 418.33 | 80.76% | 26.14% | 20.55% | 20.29% | 18.44% | 11.20% | 0.34 | 19.93 | 1.36 | 0.63 | 0.64 | 3106.00% | 1563.00% | 3127.00% | 3.40% | 0.60 | 28.47% | 0.66% | 30.70% | 2.21% | 36.79 | 29.78 | 9.62 | 8.04 |
| KLAC | KLA Corporation | $1,524.55 | 200.31B | -61% | -57% | -95% | -38% | 29.56 | 25.58 | 9.88 | 22.78 | 59.41 | 48.89 | 62.32% | 43.11% | 33.41% | 100.78% | 76.58% | 25.79% | 1.30 | 17.34 | 2.62 | 1.70 | 0.75 | 4975.00% | 2389.00% | 2344.00% | 3.12% | 1.00 | 62.52% | 0.75% | 22.30% | 3.24% | 23.21 | 32.51 | 10.01 | 8.85 |
| MU | Micron Technology, Inc. | $412.37 | 464.13B | -59% | -62% | -81% | +2% | 31.08 | 4.90 | 7.10 | 14.62 | 3.16 | 5.05 | 39.79% | 26.41% | 22.84% | 17.20% | 15.83% | 11.22% | 0.28 | 20.69 | 2.52 | 1.71 | 0.30 | 98429.00% | 4885.00% | 127851.00% | 0.63% | 1.53 | 3.03% | 0.20% | 6.10% | 0.70% | 27.39 | 162.10 | 7.23 | 7.48 |
| QCOM | QUALCOMM Incorporated | $142.36 | 152.05B | +9% | -23% | — | -25% | 34.40 | 8.99 | 4.30 | 13.03 | — | 21.91 | 55.43% | 27.90% | 12.51% | 23.34% | 20.20% | 10.52% | 0.77 | 18.61 | 2.82 | 1.84 | 0.57 | -4421.00% | 1366.00% | 1486.00% | 6.73% | 1.53 | 47.91% | 2.00% | 68.70% | 6.61% | 15.74 | 15.17 | 4.39 | 6.62 |
| TXN | Texas Instruments Incorpo… | $212.11 | 192.73B | -30% | -60% | — | -47% | 38.14 | 11.72 | 10.79 | 24.39 | 793.26 | 16.29 | 57.02% | 34.06% | 28.28% | 30.15% | 20.63% | 14.27% | 0.95 | 11.09 | 4.35 | 2.17 | 1.47 | 481.00% | 1305.00% | 7377.00% | 1.36% | 2.26 | 10.18% | 2.62% | 100.00% | 3.40% | 33.41 | 77.31 | 11.38 | 9.82 |
| UBER | Uber Technologies, Inc. | $75.42 | 156.71B | +2% | +268% | -56% | +64% | 15.60 | 5.82 | 3.03 | 23.38 | 474.33 | 9.23 | 39.75% | 10.70% | 19.33% | 41.54% | 19.28% | 17.86% | 0.50 | 12.65 | 1.14 | 0.98 | 0.82 | 329.00% | 1828.00% | 4160.00% | 6.20% | 0.82 | 33.83% | 0.00% | 0.00% | 4.14% | 29.23 | 16.66 | 3.13 | 3.73 |
About Lam Research Corporation
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
- CEO
- Timothy Archer
- Employees
- 18.6K
- Beta
- 1.78
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($88.35 ÷ $256.72) − 1 = -65.59% (DCF, example).