Lam Research Corporation

LRCX Technology Semiconductor Equipment & Materials

Lam Research Corporation’s revenue for fiscal 2026 (year ended June 2026) was $23.2 billion, up 26.0% from fiscal 2025.

Revenue
+54.4%
EPS
+77.4%
Free cash flow
+103.3%
Total debt
−16.7%

Quarter to September 2026, against a year earlier

199.67 14.47 +7.81%
Market cap
$231.4B
P/E
27.9×
Fwd P/E
25.0×
Dividend yield
0.59%
F-score
8/9
Altman Z
34.22
Beneish M
−1.68
Dividend safety
88/100

Lam Research Corporation (LRCX) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Lam Research Corporation (LRCX) trades at a P/E ratio of 27.9×. Over the past ten years it has ranged from 7.2× (January 2019) to 77.2× (June 2026); the current reading is higher than 84% of that period. That is below the Semiconductor Equipment & Materials industry median of 33.7× and above the Technology sector median of 25.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2026 74.8× 221.38%
FY2025 23.3× (36.04%)
FY2024 36.4× 88.25%
FY2023 19.3× 49.39%
FY2022 12.9× (45.80%)
FY2021 23.9× 14.75%
FY2020 20.8× 56.48%
FY2019 13.3× 13.20%
FY2018 11.8× (13.07%)
FY2017 13.5× (7.57%)

Quarterly newest first

Period P/E ratio Change
Sep 2026 48.7× (34.97%)
Jun 2026 74.8× 86.35%
Mar 2026 40.2× 14.96%
Dec 2025 34.9× 18.97%
43 more quarters

Against its own ten years

Low 7.2× High 77.2×
Ten-year median 18.5×
Current reading's percentile 83

P/E ratio against peers

Company P/E ratio
TER Teradyne, Inc. compare 24.8×
AMAT Applied Materials, Inc. compare 27.7×
LRCX Lam Research Corporation 27.9×
NVMI Nova Ltd. compare 32.4×
KLAC KLA Corporation compare 32.7×
ASML ASML Holding N.V. compare 33.7×
Q Qnity Electronics, Inc. compare 40.6×
ENTG Entegris, Inc. compare 49.6×
ONTO Onto Innovation Inc. compare 58.7×
Semiconductor Equipment & Materials industry median 33.7×
Technology sector median 25.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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