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) 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 | Free account |
Against its own ten years
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)))
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/E ratio
- P/S ratio
- P/B ratio
- 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