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.

263.94 13.52 −4.87%
Market cap
$347.2B
P/E
45.6×
Fwd P/E
38.3×
Dividend yield
0.42%
F-score
8/9
Altman Z
34.22
Beneish M
−1.68
Dividend safety
88/100

Lam Research Corporation (LRCX) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Lam Research Corporation (LRCX) trades at a price to free cash flow of 67.7×. Over the past ten years it has ranged from 7.2× (January 2019) to 111× (June 2026); the current reading is higher than 97% of that period. That is above the Semiconductor Equipment & Materials industry median of 48.2× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 111× 380.87%
FY2025 23.1× (29.40%)
FY2024 32.8× 75.89%
FY2023 18.6× (20.25%)
FY2022 23.3× (19.07%)
FY2021 28.8× 18.44%
FY2020 24.4× 139.88%
FY2019 10.2× (13.54%)
FY2018 11.7× (4.09%)
FY2017 12.2× 14.96%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 111× 150.05%
Mar 2026 44.5× 28.67%
Dec 2025 34.6× 13.29%
Sep 2025 30.5× 31.93%
42 more quarters

Against its own ten years

Low 7.2× High 111×
Ten-year median 18.9×
Current reading's percentile 97

Price to free cash flow against peers

Company Price to free cash flow
AMKR Amkor Technology, Inc. compare n/m
ASML ASML Holding N.V. compare 26.3×
Q Qnity Electronics, Inc. compare 29.1×
ENTG Entegris, Inc. compare 36.9×
ONTO Onto Innovation Inc. compare 43.2×
AMAT Applied Materials, Inc. compare 56.5×
KLAC KLA Corporation compare 57.9×
TER Teradyne, Inc. compare 63.5×
LRCX Lam Research Corporation 67.7×
Semiconductor Equipment & Materials industry median 48.2×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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