Lam Research

Lam Research

Semiconductors & Semiconductor Equipment
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

$250.4B

Market Cap • 11/6/2026

1989

(37 years)

Founded

1984

(42 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

18

P/S

9,6

P/EBITDA

24,8

P/OCF

33

P/FCF

38,3

P/E

29,9

BVPS

11,1

EPS

6,7

Market Cap

Market Cap

250,4B

EV

246,7B

EV/Revenue

9,4

EV/EBITDA

24,4

EV/EBIT

25,6

Payout

Dividend Per Share

1,1

Dividend Yield

0,6%

Buyback Yield

1,5%

Total Yield

2%

Dividend Yield 5Y

0,7%

Payout

15,4%

Retained Earnings

37,3B

Profitability

Gross Margin

51,1%

EBITDA Margin

38,7%

EBIT Margin

37%

Net Margin

32,3%

D&A/EBITDA

0%

R&D/Revenue

9,4%

Capex/Revenue

4%

Capex/D&A

224,9%

Capex/OCF

13,7%

SBC/OCF

5,3%

% PPE

11,9%

% Goodwill

0%

ROE

70,1%

ROIC

80,5%

Growth

CAGR Revenue 5Y

10,6%

CAGR Op. Income 5Y

14,6%

CAGR Net Income 5Y

14,7%

CAGR EPS 5Y

17,8%

CAGR OCF 5Y

17,4%

Leverage

N.D./EBITDA

—

Debt/Equity

0%

Current Ratio

2,5

Quick Ratio

1,8

Interest Coverage

—

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