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.

$399B

Market Cap • 10/9/2026

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

32

P/S

17,2

P/EBITDA

46,2

P/OCF

68,1

P/FCF

81,6

P/E

55,4

BVPS

10

EPS

5,8

Market Cap

Market Cap

399B

EV

397,1B

EV/Revenue

17,1

EV/EBITDA

46

EV/EBIT

48,4

Payout

Dividend Per Share

1

Dividend Yield

0,3%

Buyback Yield

0,9%

Total Yield

1,2%

Dividend Yield 5Y

0,7%

Payout

17,5%

Retained Earnings

35B

Profitability

Gross Margin

50,5%

EBITDA Margin

37,2%

EBIT Margin

35,3%

Net Margin

31,3%

D&A/EBITDA

0%

R&D/Revenue

10,2%

Capex/Revenue

4,2%

Capex/D&A

218,9%

Capex/OCF

16,5%

SBC/OCF

6,6%

% PPE

12,6%

% Goodwill

0%

ROE

65,1%

ROIC

68,2%

Growth

CAGR Revenue 5Y

9,7%

CAGR Op. Income 5Y

12,8%

CAGR Net Income 5Y

13,2%

CAGR EPS 5Y

16,4%

CAGR OCF 5Y

10,3%

Leverage

N.D./EBITDA

—

Debt/Equity

0%

Current Ratio

2,6

Quick Ratio

1,8

Interest Coverage

—

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