Fundamental analysis · SEC EDGAR · TTM through 27/09/2026
LRCX · Nasdaq · Technology
Fundamental quality
85
out of 100
Lam Research Corp fits the profile of a quality compounder: it pairs high return on capital (ROE 60.8%) with wide margins (net margin 32.3%) and a business that keeps growing (11.7% a year). On fundamental quality it scores 85 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +11.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Lam Research builds the machines chips are made with: etch and deposition equipment that major manufacturers (TSMC, Samsung, Intel, the memory makers) need to produce ever-denser semiconductors.
EPS growth: 15.8% · Revenue growth: 11.7%
Net margin: 32.3% · ROE: 60.8% · ROIC: 82.3%
Net debt/EBITDA: -0.37x · FCF: 25%
Source: SEC EDGAR · TTM through 27/09/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 99 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | 14,626 | 3,908 | 3,239 | 543 |
| 2022 | 17,227 | 4,605 | 2,554 | 1,440 |
| 2023 | 17,429 | 4,511 | 4,677 | -372 |
| 2024 | 14,905 | 3,828 | 4,256 | -880 |
| 2025 | 18,436 | 5,358 | 5,414 | -1,921 |
| 2026 | 23,233 | 7,265 | 4,891 | -1,857 |
Between 2021 and 2026, revenue went from $14,626M to $23,233M (+59%) and net income went from $3,908M to $7,265M (+86%). Meanwhile, its margins have widened (from 27% to 31%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended September 27, 2026, versus the quarter ended September 28, 2025 (SEC filings):
Compared with the previous close (June 28, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$1.04
per share, yearly
17.5% of earnings
Payout
at least 3 straight years raising it
Growth
That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.
The serious investor's standard
Open free account →Anyone who wants low commissions and access to almost any market in the world.
Popular in the U.S.
Open free account →Anyone investing in the U.S. who wants a powerful, commission-free stock app.
Investing carries risk of loss.
Is Lam Research Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Lam Research Corp a good company to invest in?
In terms of business quality, Lam Research Corp scores 85 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Lam Research Corp a profitable company?
Very. Lam Research Corp shows a net margin of 32.3% and an ROE of 60.8%, typical of a highly profitable business.
Does Lam Research Corp have a lot of debt?
No. Lam Research Corp has a net cash position: more cash than debt.
Is Lam Research Corp growing?
Its revenue has grown 11.7% annualized in recent years and its earnings per share 15.8%.
Does Lam Research Corp generate cash?
Yes. It converts about 25% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
More Technology companies
Qorvo (QRVO) · Monolithic Power Systems (MPWR) · Jabil (JBL) · Gen Digital (GEN) · Veeva Systems (VEEV) · Otis Worldwide (OTIS) · see more →
The best Technology stocks by our model →
Compare Lam Research Corp with 500+ companies in the screener →
Who's behind the methodology and model · how the score is computed
Data: see Lam Research Corp's filings on EDGAR
Spotted a figure that looks wrong? Report it and we'll review it.