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. In the quarter to June 2026, revenue grew 30.0%, EPS grew 34.8%, free cash flow fell 46.8% and total debt fell 16.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for three consecutive years.
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Lam Research Corporation (LRCX) P/E ratio
As of 16 October 2026, Lam Research Corporation (LRCX) trades at a P/E ratio of 45.6×. Over the past ten years it has ranged from 7.2× (January 2019) to 77.2× (June 2026); the current reading is higher than 95% of that period. That is in line with the Semiconductor Equipment & Materials industry median of 45.0× and above the Technology sector median of 28.2×.
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 |
|---|---|---|
| Jun 2026 | 74.8× | 86.35% |
| Mar 2026 | 40.2× | 14.96% |
| Dec 2025 | 34.9× | 18.97% |
| Sep 2025 | 29.4× | 26.10% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| AMKR Amkor Technology, Inc. compare | 18.7× |
| AMAT Applied Materials, Inc. compare | 35.1× |
| ASML ASML Holding N.V. compare | 40.4× |
| Q Qnity Electronics, Inc. compare | 41.2× |
| TER Teradyne, Inc. compare | 44.3× |
| KLAC KLA Corporation compare | 45.0× |
| LRCX Lam Research Corporation | 45.6× |
| ENTG Entegris, Inc. compare | 69.5× |
| ONTO Onto Innovation Inc. compare | 82.0× |
| Semiconductor Equipment & Materials industry median | 45.0× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
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)
More on LRCX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement