How does 1LRCX's PE Ratio compare to its peers?

1LRCX is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (31.5x).

How does 1LRCX's PE Ratio compare vs other companies in the European Semiconductor Industry?

1LRCX is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the European Semiconductor industry average (16.8x).

What is 1LRCX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 1LRCX's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 1LRCX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1LRCX (€77.41) is trading above our estimate of [[fair value]] (€74.86)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

1LRCX Stock Overview

Designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. More details

1LRCX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

Rewards

Earnings are forecast to grow 11.96% per year

Earnings grew by 2.9% over the past year

Risk Analysis

Highly volatile share price over the past 3 months compared to the Italian market

My Notes

Capture your thoughts, links and company narrative

Lam Research Corporation Competitors

Technoprobe

BIT:TPRO

€4.1b

KLA

NasdaqGS:KLAC

US$101.3b

Tokyo Electron

TSE:8035

JP¥12.4t

Applied Materials

NasdaqGS:AMAT

US$156.3b

Price History & Performance

Summary of share price highs, lows and changes for Lam Research
Historical stock prices
Current Share Price	US$77.41
52 Week High	US$80.64
52 Week Low	US$66.33
Beta	1.46
1 Month Change	11.24%
3 Month Change	15.07%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	8.13%

Recent updates

Shareholder Returns

	1LRCX	IT Semiconductor	IT Market
7D	7.4%	5.1%	3.4%
1Y	n/a	-2.1%	16.2%

Return vs Industry: Insufficient data to determine how 1LRCX performed against the Italian Semiconductor industry.

Return vs Market: Insufficient data to determine how 1LRCX performed against the Italian Market.

Price Volatility

Is 1LRCX's price volatile compared to industry and market?
1LRCX volatility
1LRCX Average Weekly Movement	8.1%
Semiconductor Industry Average Movement	7.6%
Market Average Movement	4.3%
10% most volatile stocks in IT Market	7.6%
10% least volatile stocks in IT Market	2.6%

Stable Share Price: 1LRCX's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: Insufficient data to determine 1LRCX's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1980	17,700	Tim Archer	www.lamresearch.com

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; and VECTOR plasma-enhanced CVD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions.

Lam Research Corporation Fundamentals Summary

How do Lam Research's earnings and revenue compare to its market cap?
1LRCX fundamental statistics
Market cap	€99.19b
Earnings (TTM)	€3.89b
Revenue (TTM)	€14.97b

25.5x

P/E Ratio

6.6x

P/S Ratio

Is 1LRCX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1LRCX income statement (TTM)
Revenue	US$15.59b
Cost of Revenue	US$8.16b
Gross Profit	US$7.44b
Other Expenses	US$3.38b
Earnings	US$4.06b

Last Reported Earnings

Sep 29, 2024

Next Earnings Date

Jan 29, 2025

Earnings per share (EPS)	3.15
Gross Margin	47.69%
Net Profit Margin	26.02%
Debt/Equity Ratio	58.8%

How did 1LRCX perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

27%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/21 21:50
End of Day Share Price	2025/01/21 00:00
Earnings	2024/09/29
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lam Research Corporation is covered by 69 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Kelleher	Argus Research Company
Ishan Majumdar	Baptista Research
Christopher Muse	Barclays

Lam Research BIT:1LRCX Stock Report