The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 15 | 58.1x | 20.8x | Bottom tier | |
Growth | 87 | 26.5% | 6.1% | Top tier | |
Quality | 87 | 73.5% | 6.6% | Top tier | |
Safety | 89 | — | 0.7x | Top tier | |
Capital Return | 33 | 0.33% | 2.02% | Bottom tier | |
Momentum | 89 | 282.0% | 4.1% | Top tier | |
Sentiment | 53 | 22 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Lam Research Corporation (LRCX) is a semiconductor manufacturing equipment company focused on etch, deposition, and fab technical support tools, selling production systems used in the manufacture of NAND, DRAM, foundry/logic, and advanced packaging. Its revenue model combines system sales to chip manufacturers with the Customer Support Business Group, which generates revenue from spare parts, upgrades, services, and Reliant, and management described the company’s installed base as exceeding 100,000 chambers, making the support business an important recurring source alongside chip-equipment capital spending cycles.
In the March quarter of fiscal 2026, Lam Research reported record revenue of $5.84B on the earnings call, up 9% sequentially and 24% year over year, while the EDGAR financial statements for the same quarter show revenue of $5.8B, gross profit of $2.9B, net income of $1.8B, and EPS of 1.45. Non-GAAP gross margin was about 49.9%, operating margin was 35%, and non-GAAP diluted EPS came in at a record 1.47, exceeding the high end of the company’s guidance range.
The quarter’s systems mix was concentrated in foundry at 54% of systems revenue, followed by memory at 39%, including DRAM at 27% and nonvolatile memory at 12%, while Logic and Other accounted for about 7%. Regionally, China contributed 34% of total revenue, and Korea and Taiwan each contributed 23%, with Korea and Taiwan posting record dollar revenue levels in the quarter. The Customer Support Business Group also delivered its first quarter above $2B, with record revenue of $2.1B, up 6% sequentially and 25% year over year.
According to the provided data snapshot and without mentioning a numerical real-time price, LRCX shares appear below the average analyst price target of $365.22, with an overall consensus rating of Buy and a target range extending from $275 to $500. The data does not provide a usable P/E multiple, so the stock’s valuation here depends more on record revenue growth, June quarter guidance, and the expansion of the WFE market to $140B, set against the risks of insider selling and geographic exposure to China. The 52-week range of $90.94 to $438.5 shows that the stock has moved within a wide range, making the comparison with the analyst target and quarterly results more important than anchoring on a real-time price reading in the text.
Figures in the text are as of 2026-07-07; the live price is shown at the top of the page.
Lam Research sells semiconductor manufacturing equipment, particularly etch and deposition tools used in the production of NAND, DRAM, foundry/logic, and advanced packaging. Management said on the 2026-04-22 call that artificial intelligence-driven demand increases etch and deposition intensity inside chips, which directly aligns with the company’s areas of strength. The products mentioned include Vantex, Flex, Kio, Strata, Altus Halo ALD, Vector DT, and Stryker carbide. The company also serves an installed base of more than 100,000 chambers through the Customer Support Business Group.
The March quarter of 2026 was important because it marked the third consecutive record revenue quarter, as the company reported $5.84B on the earnings call, up 9% from the prior quarter and 24% from the same period in 2025. Gross margin reached 49.9% and operating margin reached 35%, while non-GAAP diluted EPS came in at 1.47. According to EDGAR, net income for the quarter was $1.8B on revenue of $5.8B. CSBG also delivered its first quarter above $2B, with revenue of $2.1B.
The Customer Support Business Group is Lam’s support, services, spare parts, and upgrades arm, and it recorded record revenue of $2.1B in the March quarter of 2026. That figure rose 6% sequentially and 25% year over year, supported by higher fab utilization and growth in spare parts and services. Management also pointed to Equipment Intelligence and Dextro cobots as tools that help customers improve productivity and reduce maintenance time. In the same quarter, Dextro coverage expanded to 8 types of Lam tools after being 6 in the prior quarter.
Automated analysis for informational purposes only — not investment advice.
In NAND, Lam sees demand for artificial intelligence data centers driving adoption of higher-layer-count QLC devices, and expects total data-center bits this year to be larger than the PC and mobile phone segments combined. Management said about $40B of conversion spending to move installed capacity to devices with more than 200 layers will be pulled forward, with most of the spending occurring before the end of 2027. In DRAM, the transition to the 1C node drives greater demand for solutions such as Stryker carbide for bitline spacer applications. The company expects its available market in DRAM dielectric deposition to grow by more than 20% with these transitions.
The first clear risk is insider activity, as the data shows a strong_sell signal with 3-month net selling of $-46.1M and 45 sales against zero purchases. The second risk is exposure to China, which accounted for 34% of total March quarter revenue, while management expects China revenue to decline in the June quarter. There is also a valuation risk tied to enthusiasm in the semiconductor sector, which appeared in the 2026-07-03 news that the Vltava fund exited Lam Research while warning of speculative valuations. In addition, the data does not provide a usable P/E multiple, making valuation comparison less direct.
Lam Research expects June quarter 2026 revenue of $6.6B plus or minus $400M, which is above March quarter revenue of $5.84B. It also expects gross margin of 50.5% plus or minus one percentage point, despite some headwinds from customer mix. Operating margin guidance is 36.5% plus or minus one percentage point, with expected EPS of 1.65 plus or minus 0.15. Management also said it expects second-half calendar-year revenue to exceed first-half revenue.