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LRCX 
Lam Research Corp (LRCX)
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Upturn Advisory Summary
10/15/2025: LRCX (5-star) is a STRONG-BUY. BUY since 46 days. Simulated Profits (37.79%). Updated daily EoD!
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Number of Analysts
33 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $128.16
1 Year Target Price $128.16
| 20 | Strong Buy |
| 4 | Buy |
| 9 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 135.97% | Avg. Invested days 61 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 174.41B USD | Price to earnings Ratio 33.25 | 1Y Target Price 128.16 |
Price to earnings Ratio 33.25 | 1Y Target Price 128.16 | ||
Volume (30-day avg) 33 | Beta 1.84 | 52 Weeks Range 56.07 - 153.69 | Updated Date 10/14/2025 |
52 Weeks Range 56.07 - 153.69 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 0.67% | Basic EPS (TTM) 4.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.07% | Operating Margin (TTM) 33.67% |
Management Effectiveness
Return on Assets (TTM) 18.4% | Return on Equity (TTM) 58.24% |
Valuation
Trailing PE 33.25 | Forward PE 32.89 | Enterprise Value 183452983777 | Price to Sales(TTM) 9.46 |
Enterprise Value 183452983777 | Price to Sales(TTM) 9.46 | ||
Enterprise Value to Revenue 9.95 | Enterprise Value to EBITDA 28.13 | Shares Outstanding 1261032300 | Shares Floating 1260938202 |
Shares Outstanding 1261032300 | Shares Floating 1260938202 | ||
Percent Insiders 0.28 | Percent Institutions 89.61 |
Upturn AI SWOT
Lam Research Corp
Company Overview
History and Background
Lam Research Corp. was founded in 1980 by David Lam. It is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Over the years, Lam Research has grown through technological innovation and strategic acquisitions to become a leading provider of solutions for etching, deposition, and cleaning processes.
Core Business Areas
- Etch: Provides etching systems used to create the intricate patterns on silicon wafers.
- Deposition: Offers deposition systems that deposit thin films on wafers, essential for building semiconductor devices.
- Clean: Provides cleaning systems to remove contaminants from wafers during the manufacturing process.
- Customer Support: Offers a range of services including spare parts, upgrades, training, and process support to optimize equipment performance.
Leadership and Structure
Tim Archer is the current President and CEO. The company has a typical corporate structure with a board of directors, executive leadership team, and various departments focused on engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Kiyo Etch Systems: Kiyo systems are advanced etching tools used in high-volume manufacturing. The market share for deep silicon etch is competitive, with Lam Research holding a significant portion. Competitors include Applied Materials and Tokyo Electron.
- VECTOR Deposition Systems: VECTOR systems are used for atomic layer deposition (ALD), a crucial technique for creating thin films with precise control. Competitors include Applied Materials and ASM International.
- Syndion Clean Systems: Syndion cleaning systems are used to remove particulate and organic contamination from wafers. Competitors include SCREEN Holdings and Tokyo Electron.
Market Dynamics
Industry Overview
The semiconductor equipment industry is cyclical and driven by demand for semiconductors, which are used in a wide range of electronic devices. The industry is characterized by high R&D spending, technological innovation, and consolidation.
Positioning
Lam Research is a leading player in the semiconductor equipment industry, known for its advanced technology, strong customer relationships, and comprehensive product portfolio. Its competitive advantages include its focus on innovation, its global presence, and its strong service and support capabilities.
Total Addressable Market (TAM)
The total addressable market for wafer fabrication equipment is estimated to be hundreds of billions of dollars. Lam Research is well-positioned to capture a significant portion of this market due to its leadership in key segments like etch and deposition.
Upturn SWOT Analysis
Strengths
- Leading market position in etch and deposition
- Strong technology and innovation capabilities
- Extensive customer relationships
- Global presence and service network
- Strong financial performance
Weaknesses
- Cyclical nature of the semiconductor industry
- Dependence on a small number of large customers
- High R&D expenses
- Exposure to geopolitical risks
Opportunities
- Growth in demand for semiconductors in new applications (e.g., AI, IoT, automotive)
- Expansion into new geographic markets
- Development of new technologies and products
- Acquisition of complementary businesses
Threats
- Economic downturns
- Increased competition
- Technological disruptions
- Geopolitical instability
- Trade restrictions
Competitors and Market Share
Key Competitors
- Applied Materials (AMAT)
- Tokyo Electron (TOELY)
- ASML Holding (ASML)
Competitive Landscape
Lam Research is strong in etch and deposition, while Applied Materials has a broader portfolio. ASML dominates the lithography market. Competition is intense, with companies investing heavily in R&D to develop new technologies.
Major Acquisitions
Coventor
- Year: 2017
- Acquisition Price (USD millions): 67
- Strategic Rationale: Acquisition of Coventor expands Lam Research's modeling and simulation capabilities.
Growth Trajectory and Initiatives
Historical Growth: Lam Research has experienced significant growth in revenue and earnings over the past decade, driven by increased demand for semiconductors and its strong market position.
Future Projections: Analysts expect Lam Research to continue to grow in the coming years, driven by trends such as AI, 5G, and electric vehicles. Growth is subject to the cyclical nature of the semiconductor industry.
Recent Initiatives: Recent strategic initiatives include investments in R&D, expansion of manufacturing capacity, and acquisitions of complementary businesses.
Summary
Lam Research is a strong company in the semiconductor equipment industry, holding a leadership position and technological advancement. It operates in a cyclical market, which poses risk from economic downturns. Lam Research needs to continue investing in R&D and strategic acquisitions to maintain its competitive advantage. Future growth potential remains high, as demand for semiconductors is driven by new technologies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Research Reports
- Company Website
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lam Research Corp
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 1984-05-11 | President, CEO & Director Mr. Timothy M. Archer | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 19000 | Website https://www.lamresearch.com |
Full time employees 19000 | Website https://www.lamresearch.com | ||
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. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products. It also provides Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
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