Lam Research Corporation

Lam Research Corporation (LRCX) Market Cap

Lam Research Corporation has a market capitalization of $379.27B.

Price: $303.28

-33.13 (-9.85%)

Market Cap: 379.27B

NASDAQ · time unavailable

CEO: Timothy Archer

Sector: Technology

Industry: Semiconductors

IPO Date: 1984-05-04

Website: https://www.lamresearch.com

Lam Research Corporation (LRCX) - Company Information

Market Cap: 379.27B|Sector: Technology

Company Profile

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; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD 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. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Analyst Sentiment

77%
Strong Buy

From 36 Active Polls

1Y Forecast: $320.61

▲ +5.7% Potential Upside

Consensus Target Metrics

Low Bound

$200

Median

$305

High Bound

$575

Average

$321

Price & Moving Averages

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🎯 Wall Street Analyst Intelligence Report

1-Year structural target targets, chart projections, and sentiment maps.

Average 1Y Target
$320.61
▲ +5.71% Upside
Low Target
$200.00
-34% Risk
Median Target
$305.00
1% Mid
High Target
$575.00
90% Max
Consensus
Buy
39 / 50 Buys

Consensus Trend Projection

Trailing closures vs. 12-month metrics map.

Analyst Vote Distribution

Aggregate institutional coverage sentiment weights.

📊 Historical Valuation Multiples

Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.

Fiscal QuarterTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Period EndingTrailing 12MMar 29, 2026Dec 28, 2025Sep 28, 2025Jun 29, 2025Mar 30, 2025Dec 29, 2024Sep 29, 2024Jun 30, 2024
Market Cap ($M)379,273249,858221,535165,756124,03893,33192,865106,031139,373
Enterprise Value ($M)378,256248,842219,838163,547122,13292,36492,182104,947138,509
Price to Earnings Ratio (P/E)56.5034.2234.7526.4218.0317.5319.4923.7434.15
Price/Earnings-to-Growth Ratio (PEG)3.6889.728.941.892.233.903.1016.62
Price to Sales Ratio (P/S)17.4942.7741.4531.1323.9919.7721.2225.4436.00
Price to Book Ratio (P/B)35.8123.6121.8416.2612.589.8110.5412.5216.32
Price to Free Cash Flow Ratio (P/FCF)58.79308.54133.04104.0052.0791.45108.9372.73182.98
Enterprise Value to Sales (EV/Sales)42.6041.1330.7223.6219.5721.0725.1835.78
Enterprise Value to EBITDA (EV/EBITDA)47.35114.82110.8683.3865.0555.0061.8873.21107.44
Debt to Equity Ratio-0.130.350.440.440.450.470.570.590.58

LRCX Growth Runway Model

Standard long term linear growth fade

Multi-Stage Discounted Cash Flow Sandbox

Market Price$303.28
Intrinsic Value$185.30
Market Alignment
Overvalued by 38.9%relative to calculated intrinsic value
9.00%
Exp: 7%7%
i

Growth runway slowdown

This value provides a time window for the growth rate to decline beyond Stage 1 toward the terminal rate. Longer windows are most useful for companies with high growth starting conditions or strong competitive advantages. This option stretches out the growth rate slowdown across 5, 10, or 15-year steps. A high-growth starting condition (exceeding a 25% initial growth rate) automatically applies a curve decay to simulate realistic, rapid market saturation.
i

Terminal growth rate

With long-term inflation between 3-5%, revenue must grow by that baseline to maintain flat real-world market share. This value sets the permanent terminal growth rate to factor into the valuation beyond the growth slowdown runway toward maturity.

3-Stage Financial Runway Horizon

🧠 Perpetuity Horizon Engine (Stage 3: Post-2035)

Terminal FCF Base$7.85B
Perpetuity TV Value$147.64B
Discounted TV (PV)$62.37B
TV Weighting %61.6%
⚠️
Financial Model Disclaimer & Risk Disclosure: This interactive scenario simulator is an educational sandbox provided strictly for informational and analytical research purposes. Core historical financial statements and consensus estimates are sourced directly via Financial Modeling Prep (FMP). All downstream outputs are entirely deterministic, hypothetical projections generated by combining automated mathematical formulas (including linear interpolation and Gaussian bell-curve decay models) with user-selected variables and third-party financial data inputs. Users assume all liability for trading decisions executed based on these sandbox calculations.

📘 Full Research Report

ℹ️

AI-Generated Research: This report is for informational purposes only.

📘 LAM RESEARCH CORP (LRCX) — Investment Overview

🧩 Business Model Overview

Lam Research supplies process equipment and related subsystems used in semiconductor wafer fabrication. Its tools are primarily deployed in advanced logic and memory manufacturing steps that require controlled deposition and etch processes, including film formation and pattern transfer across demanding device geometries. The customer value proposition is less about “one machine” and more about achieving repeatable yields at scale: tool performance must be qualified inside a specific fab workflow, integrated with upstream/downstream equipment, and validated through extensive process development.

The economic engine is anchored in an installed base. After qualification, Lam’s role expands through ongoing technology upgrades, consumables/replacement parts, and service offerings. This creates a customer relationship that extends beyond the initial equipment purchase, with higher lifetime value driven by maintenance, process refinements, and continuous yield optimization.

💰 Revenue Streams & Monetisation Model

Revenue is typically composed of (1) equipment systems sold for new capacity and technology transitions, and (2) after-sales monetisation tied to service, spares, and maintenance. Equipment revenue is generally more transactional and tied to fab capex programs, while service and consumables-like categories exhibit greater durability because they scale with the size and utilization of the installed base.

Margin drivers include:

  • Installed-base intensity: Service and parts grow with the number of qualified tools and wafer starts.
  • Process complexity: More intricate films and thinner layers often increase tool utilization requirements and the need for specialized support.
  • Mix shift: A higher share of service/recurring revenue can dampen cyclicality and support steadier gross margin.
  • Supply chain and execution: Tool builds require tight component availability and predictable throughput; operational discipline affects margins during demand swings.

🧠 Competitive Advantages & Market Positioning

Lam’s moat is primarily built on switching costs and process-specific know-how. Semiconductor fabs treat process integration as a long-cycle engineering effort: changing a deposition/etch workflow involves requalification, re-optimization, and yield risk. As a result, competitors cannot easily “substitute” Lam tools without demonstrating equivalent performance within the customer’s end-to-end manufacturing environment.

Additional durability comes from high barriers to entry: leading-edge steps require deep materials science, tight process control, and reliability across demanding operating windows. Tool qualification and ramp-to-volume validation create a structural challenge for new entrants.

  • Switching costs / qualification lock-in: Tools must pass fab-specific process validation, and integration with existing equipment reduces buyer willingness to switch.
  • Cost advantages in execution: Scale in engineering, manufacturing discipline, and service operations can support more consistent performance and uptime.
  • Customer relationships over product cycles: Ongoing optimization and lifecycle support reinforce vendor stickiness.

Competitive benchmarking:

  • Applied Materials (AMAT): Broad coverage across wafer fabrication steps. Lam competes where deposition/etch process depth and integration matter, while AMAT often competes across a wider portfolio footprint.
  • Tokyo Electron (TEL): Strength in multiple etch/deposition and related processing categories. Lam’s differentiation depends heavily on process capability and installed-base performance within specific manufacturing steps.
  • ASML (ASML Holding): Predominantly lithography-focused rather than deposition/etch. ASML’s technology role is different in the value chain, so Lam and ASML typically complement rather than directly displace one another within the process stack.

Overall, Lam’s positioning emphasizes process equipment depth in thin-film and pattern-transfer-related operations, contrasting with AMAT/TEL’s broader or differently weighted portfolios and with ASML’s lithography-centric role.

🚀 Multi-Year Growth Drivers

A five- to ten-year outlook for Lam is supported less by “capacity growth alone” and more by the continued intensification of wafer processing requirements:

  • More complex process stacks: Advanced nodes and higher memory density increase the number of critical process steps, raising equipment content per wafer.
  • Deposition/etch sophistication: Thin films and demanding material systems require tighter control, supporting sustained demand for specialized process tools and lifecycle support.
  • Advanced packaging and heterogeneous integration: As packaging architectures evolve, additional processing capabilities can expand the addressable equipment envelope.
  • Ongoing technology transitions: Yield improvements, defect reduction, and uniformity enhancements continue to drive retooling and upgrades across leading fabs.
  • Installed-base monetisation: As tool populations scale, service and parts become a structural tailwind independent of incremental unit growth.

While semiconductor equipment markets remain cyclical, the underlying driver for Lam’s installed-base economics is that modern manufacturing increasingly depends on precise, repeatable process control across many wafer steps—making lifecycle support and process expertise economically valuable over time.

⚠ Risk Factors to Monitor

  • Capital expenditure cyclicality: Semiconductor equipment demand is sensitive to downturns in memory/logic spending; order timing can swing materially.
  • Technological substitution risk: Shifts in device architectures or process schemes may reduce demand for certain process steps or change the tool mix.
  • Qualification and yield-performance risk: New deployments can face longer ramp times if yield targets are not met; that can impact customer willingness to expand.
  • Geopolitical/export controls: Restrictions on shipments and technology transfer can alter customer access, alter product requirements, and affect regional demand.
  • Concentration of customer programs: A relatively small number of high-volume customers can influence order patterns and bargaining dynamics.
  • Supply chain and component constraints: Tool execution depends on constrained components and manufacturing capacity; disruptions can affect delivery schedules and margins.

📊 Valuation & Market View

Semiconductor equipment companies are commonly valued using frameworks tied to earnings durability and the strength of the installed base, even though revenue remains cyclical. Market participants often look at:

  • EV/EBITDA and operating margin trajectory: Reflects how much of the business mix is service-like versus purely transactional.
  • P/S as a proxy for growth and order visibility: Particularly when the market expects elevated equipment-related content per wafer.
  • Backlog/order intake quality: The durability of orders and the proportion tied to advanced process transitions.
  • Service mix and installed-base utilization: Higher recurring/service contribution typically supports valuation resilience.

Key valuation sensitivities typically include the durability of customer spending on advanced process steps, the extent to which service and parts sustain margins through cycles, and execution consistency in meeting tool delivery and qualification schedules.

🔍 Investment Takeaway

Lam Research’s long-term investment case rests on structural stickiness in wafer fabrication: customers face high switching costs due to process qualification and integration requirements, and Lam benefits from deep process expertise that reinforces installed-base monetisation through service and lifecycle support. Despite cyclical end-market demand, the company’s competitive position is anchored in barriers to entry and customer workflow lock-in across advanced thin-film processing, supporting a durable franchise for multi-year secular demand tied to device complexity and evolving manufacturing processes.


⚠ AI-generated — informational only. Validate using filings before investing.

📰 Market News & Coverage

15 Stories Available

Real-time institutional reporting and market updates for LRCX.

seekingalpha.com2026-06-05

Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy - Despite A Rich Valuation

Lam Research earns a Buy rating with a 12-month price target of $360–$380, driven by industry leadership and AI-fueled chip complexity tailwinds. LRCX boasts a majority share in global etch, a robust deposition position, and sticky customer relationships, underpinned by high recurring service revenues. Despite a trailing P/E of 63x and insider selling, I believe LRCX's earnings normalization and secular growth justify a premium multiple.

zacks.com2026-06-04

Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade

Lam Research (LRCX) concluded the recent trading session at $336.41, signifying a -2.12% move from its prior day's close.

zacks.com2026-06-03

Will Strong Cash Flows Support Lam Research's Buyback Strategy Ahead?

LRCX's strong cash flow powers share repurchase activities. About $4.3B is left authorized for buybacks as AI-led demand lifts revenues and margins.

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Top Wide-Moat Stocks to Buy for Steady Long-Term Returns

EL, TER, LRCX and ASML use strong moats to fend off rivals and deliver consistent returns amid market shifts.

seekingalpha.com2026-06-02

Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript

Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript

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Why Lam Research (LRCX) is a Top Stock for the Long-Term

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$700 Billion and Most Investors Are Watching The Wrong Companies

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247wallst.com2026-05-31

The Semiconductor Play Nobody Owns Just Lapped Wall Street's Biggest Names

A $10,000 position in Invesco Semiconductors ETF (NASDAQ:PSI) on the last trading day of 2025 was worth ~$20,496 by the close on May 26, 2026, and that is the kind of arithmetic that ruins dinner parties.

marketbeat.com2026-05-30

Lam Research CEO Sees AI Fueling $140 Billion Chip Equipment Boom

Lam Research NASDAQ: LRCX President and CEO Tim Archer said AI demand is reshaping the semiconductor equipment market across logic, memory, storage and packaging, creating what Bernstein analyst Stacy Rasgon described as a “renaissance” for wafer fab equipment.

247wallst.com2026-05-30

Top 5 Stocks That Will Ride the Data Center Chip Equipment Supercycle

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seekingalpha.com2026-05-30

Lam Research Corporation (LRCX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Lam Research Corporation (LRCX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

247wallst.com2026-05-29

What If Chip Stocks Aren't in a Supercycle After All?

Semiconductor stocks have looked virtually unstoppable this year, and while the year-to-date rally looks unsustainable and adds more air into a bubble that was already on the verge of becoming far larger than in any other corners of the AI trade, questions linger as to what could prick the bubble.

cnbc.com2026-05-28

This is the greatest time ever for semiconductors, says CEO of key equipment supplier

Applied Materials CEO Gary Dickerson said the semiconductor industry is experiencing its strongest period ever. He said artificial intelligence is driving unprecedented computing demand and long-term growth.

247wallst.com2026-05-25

BofA's Vivek Arya Sees Nvidia at $350 as Agentic AI Drives an “Unprecedented” Chip Cycle

Bank of America's Vivek Arya walked onto CNBC with a number that sits well above consensus.

zacks.com2026-05-22

Why Is Lam Research (LRCX) Up 16.9% Since Last Earnings Report?

Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock?

📊 AI Financial Analysis

Powered by StockMarketInfo
Earnings Data: Q Ending 2026-03-29

"LRCX delivered a strong latest quarter with Revenue of $5.84B and Net Income of $1.83B (EPS $1.46). On a QoQ basis, Revenue rose +9.2% (from $5.34B) and Net Income increased +14.5% (from $1.59B). On a YoY basis, Revenue grew +23.7% (from $4.72B) and Net Income jumped +37.2% (from $1.33B). Profitability improved: net margin expanded to ~31.3% in the latest quarter versus ~29.8% QoQ, and versus ~28.2% a year ago—indicating operating leverage. Cash flow quality looks solid given sustained earnings power, while balance sheet resilience remains evident. Total assets eased QoQ (to $20.8B from $21.4B) but equity strengthened to $10.6B (from $10.15B). Leverage remains conservative with net debt still negative (net cash position), though net cash was smaller than a year ago. Shareholder returns have been exceptional: the stock is up +310.8% over 1 year (well above the >20% momentum threshold). The company also continued modest share count reduction (buyback/repurchase effects) and pays a small dividend (yield ~0.13%). With consensus price targets around $278 vs ~$267.6, valuation implies only modest upside despite very strong recent fundamentals and momentum."

Revenue Growth

Strong

Revenue increased +9.2% QoQ and +23.7% YoY, with each quarter showing an upward trajectory across the 4-quarter window.

Profitability

Excellent

Net margin expanded to ~31.3% from ~29.8% QoQ and ~28.2% YoY. EPS rose to $1.46 (+15.0% QoQ, +40.4% YoY).

Cash Flow Quality

Strong

High earnings conversion supported by strong net income; dividend remains covered with a reasonable payout ratio (~17.8% latest). Net cash position persists.

Leverage & Balance Sheet

Good

Equity improved QoQ to $10.6B, but assets declined slightly. Net debt remains negative (net cash), though net cash was less favorable than a year ago.

Shareholder Returns

Excellent

Exceptional total return profile driven by price momentum (+310.8% 1Y). Dividend yield is small (~0.13%) but buyback effects likely aided share count reduction.

Analyst Sentiment & Valuation

Good

Consensus target (~$278) suggests modest upside (~4% vs ~$267.6). Elevated valuation (P/E ~34.4) is consistent with strong growth but limits margin of safety.

Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.

Fundamentals Overview

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Lam delivered a strong March 2026 quarter with record revenue ($5.84B), record EPS ($1.47), and gross margin of 49.9% at the high end of guidance, despite mix headwinds. The key signal is an accelerating AI-driven WFE environment: management raised 2026 WFE outlook to $140B (upside bias) and expects served SAM to expand to slightly above mid-30s% while moving toward high-30s% over the next few years. On NAND, the narrative strengthened: AI data center demand plus a conversion pull-forward (majority of ~$40B before end-2027) should lift deposition/etch intensity and Lam content. For DRAM, management highlighted 1C-node transition benefiting dielectric deposition SAM growth (>20%). Operationally, self-help (closer factory footprint) and tool maturity/reliability improvements supported margins. Outlook is equally constructive with June guidance for revenue $6.6B, gross margin 50.5%, operating margin 36.5%, and EPS $1.65, plus encouragement that gross margin levels will be stable through the rest of 2026.

AI IconGrowth Catalysts

  • AI-driven rise in deposition/etch intensity (served SAM expanding to slightly more than mid-30s% of WFE; target high 30s% over next few years)
  • NAND conversion pull-forward: majority of ~$40B conversion spending now expected before end of calendar 2027 to reach >200 layers
  • NAND leadership at 3D NAND installed-base: expanding deposition/etch opportunities as layer count rises (cryo etch, dielectric stack deposition, metallization, backside stress management, gap fill)
  • Conductor etch momentum: customers shifting to Kio systems for improved defect performance/yield; one customer switched mid-production ramp
  • DRAM transition to 1C generation: Stryker carbide solution for low dielectric, capacitive scaling; DRAM dielectric deposition SAM growing >20%
  • Foundry logic momentum: achieved dielectric etch wins at a leading foundry/logic manufacturer and advanced packaging demand (copper plating, TSC Edge)

Business Development

  • New agreement with a leading foundry/logic customer to deploy Lam Equipment Intelligence services for critical deposition applications
  • Top memory customers expected to utilize Equipment Intelligence in R&D to enable faster NAND and DRAM node ramps
  • CSBG win/momentum: customers using Dextro cobots in production; expanded Dextro coverage to 8 Lam tool types and first shipment for a deposition product
  • Customer Kio win: a customer switched to Kio in the middle of a production ramp due to superior defect performance and better yield

AI IconFinancial Highlights

  • March quarter revenue: $5.84B; +9% sequential and +24% YoY; record third consecutive record revenue quarter
  • EPS: $1.47 diluted, exceeding the top end of guided range (record EPS; guidance not explicitly quantified in transcript)
  • Gross margin: 49.9% (high end of guidance); drivers cited: favorable product mix and improved factory efficiencies
  • Operating margin: 35% (high end of guidance); driven by higher revenue and improved gross margin
  • Non-GAAP tax rate: 9.2% (benefited from higher equity compensation vesting deductible in-quarter); management sees tax rate below mid-teens for calendar 2026
  • Deferred revenue: $2.22B, flat sequentially; customer down payments down ~$300M; down payments at lowest level in nearly 4 years
  • June 2026 guidance: revenue $6.6B (+/- $400M); gross margin 50.5% (+/- 1pp); operating margin 36.5% (+/- 1pp); EPS $1.65 (+/- $0.15) on ~1.255B shares
  • Capital return impact: interest income down due to lower cash balance; OI&E variability expected quarter-to-quarter

AI IconCapital Funding

  • Share buybacks: ~$800M in March quarter (including open repurchases plus $200M accelerated share repurchase); average buyback price ~$211/share
  • Debt: retired $750M of unsecured notes at maturity using cash from balance sheet
  • Dividends: $326M paid
  • Free cash flow: returned 139% of free cash flow in the quarter; plan to return at least 85% of free cash flow over time
  • Remaining authorization: $4.3B on board-authorized repurchase program
  • Cash: ~$4.8B at quarter end (down from $6.2B at Dec 2025 due to capital return and capital spending)

AI IconStrategy & Ops

  • Factory/self-help improvements: expanded factory footprint closer to customers delivered efficiency benefits (proximity logistics, slightly lower labor cost, better supply chain setup)
  • Tool performance/maturity emphasized: higher R&D to ensure new tools reach field maturity; benefits include lower installation/warranty spending and thus gross margin
  • Supply chain readiness: managing inventory/supply chain to align with accelerating demand; DSO increased to 64 days from 59 days despite improved inventory turns
  • Inventory: inventory turns improved to 2.9x from 2.7x (highest in over 4 years); inventory and supply chain aligned to growing demand
  • Malaysia: investments enabling a second manufacturing facility in Malaysia; additional lab-related investments in US and Taiwan
  • CSBG tooling/services scale: expanded Dextro coverage to 8 tool types (from 6) and introduced next-gen Dextro with 10x more compute power in smaller footprint
  • Operational focus: monetization framed around services/upgrade pathways (Equipment Intelligence, cobots) plus new tools

AI IconMarket Outlook

  • 2026 WFE: updated to $140B with bias to upside (from $135B previously); management cites customer spend moving higher across device segments and ongoing constraint resolution
  • WFE to 2027: expects another year of compelling WFE growth in 2027 (qualitative; no numeric WFE figure provided)
  • NAND spending timing: conversion spending majority pulled forward to occur before end of calendar 2027
  • Second half calendar 2026 revenues expected to exceed first half
  • Guided margin leveling: management encouraged analysts to model rest of year gross margin roughly at June guided levels (i.e., around 50.5% +/- 1pp)

AI IconRisks & Headwinds

  • China revenue mix: China 34% of total revenue in March vs 35% in December; management expects China revenue in June to decline from March levels
  • Customer mix headwinds: June quarter gross margin expectation includes “slight headwinds” from customer mix despite expanding gross margin
  • Deferred down payments falling: down payments at lowest level in nearly 4 years could signal longer working-capital timing, even as other deferred lines rise
  • Quarter-to-quarter variability in OI&E expected due to venture portfolio and interest income changes

Q&A: Analyst Interest

  • Gross margin decomposition and forward level: Management attributed strong March gross margin and June 50.5% guidance to self-help (factory footprint expansion closer to customers) plus tool performance maturity reducing installation/warranty costs. CFO added to keep modeling gross margin roughly at June levels for the rest of the year as it should level out.
  • NAND market change vs 90 days ago: Management said higher NAND activity is driven by AI data center importance in NAND memory hierarchy plus underinvestment/capability catch-up (early-2025 installed base ~2/3 in <200-layer tech). Conversion pull-forward plus eventual need for greenfield capacity above 200 layers underlies the acceleration.
  • CSBG sustainability, monetization, and productivity: Management emphasized high industry utilization supporting spares and service sustainability, and highlighted Equipment Intelligence and Dextro cobots. They framed monetization as services plus, in some cases, new tools. They cited troubleshooting and ramp-time reduction from wafer-level data to drive yield/output gains.

Sentiment: POSITIVE

Note: This summary was synthesized by AI from the LRCX March 2026 quarter (Q3 2026 earnings call; reported on March quarter, outlook for June 2026) earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.

📋 Official Regulatory 10-K / 10-Q SEC Filings

Direct authenticated documentation links to audited SEC database reports for LRCX.

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SEC Filings (LRCX)

© 2026 Stock Market Info — Lam Research Corporation (LRCX) Financial Profile