Key facts, as of
As of October 9, 2026, Lam Research (LRCX) trades at $320.59, up 124.9% over the past year. Its 52-week range runs from $131.02 to $438.50; the price is 26.9% below that high. It is 26.9% below its all-time high of $438.50, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +3862.8%, against +312.9% for the S&P 500 (SPY). It sits 15.1% above its 200-day average of $278.44, the usual sign of a long-term uptrend. Its 30-day volatility is 52.7% annualized, which we rate very high risk. It has a trailing P/E of 55.7 and a dividend yield of 0.41%.
Cite: Portfolio Terminal, "Lam Research (LRCX) stock analysis", 2026-10-09. https://portfolio-terminal.com/analyse/lrcx
Where it trades today
trading 62% of the way up its 52-week range
How the price has moved
How far it is from its record
Lam Research (LRCX) is 26.9% below its all-time high of $438.50, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +3862.8%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- LRCX trades at 55.7x earnings, well above the technology average of 28.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 52.7%, above the sector norm of 28.0%, so position sizing matters more than usual.
- Relative performance versus AAPL, MSFT, NVDA matters here because leadership inside technology rarely stays static for long.
Portfolio Use Case
- LRCX is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in LRCX.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as AAPL, MSFT, NVDA start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for LRCX come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for LRCX. Last refresh: Oct 9, 2026, 12:51 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What Lam Research does
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. It also provides Akara, a conductor etch system…
Employees
23,300
Industry
Semiconductor Equipment & Materials
Headquarters
Fremont, United States
What analysts expect
LRCX carries a strong buy consensus from 31 analysts, with an average price target of $375.65 versus $320.59 today (+17.2%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
LRCX generated $23.23B in trailing revenue (30.0% year over year), with a 31.3% net margin, and $3.09B of free cash flow, supported by $1.46B of net cash.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2026 | $23.23B | $11.73B | $8.20B | $7.27B | $5.79 | $4.89B |
| 2025 | $18.44B | $8.98B | $5.90B | $5.36B | $4.17 | $5.41B |
| 2024 | $14.91B | $7.05B | $4.28B | $3.83B | $2.91 | $4.26B |
| 2023 | $17.43B | $7.78B | $5.22B | $4.51B | $3.33 | $4.68B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
LRCX is in 13 of the 30 ETFs we track. It weighs most in SMH: 4.19% of the fund, holding #13 of 25.
Famous investors who hold it
LRCX is in the latest 13F of 4 of the 15 famous investors we follow. Chase Coleman (Tiger Global Management) holds the most of it: 5.72% of the portfolio, position #6 of 46, as of Q2 2026.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
LRCX beside the technology names it is usually measured against.
What the chart is saying
In an uptrend, above both moving averages.
uptrend- Price is 3.3% above its 50-day average and 15.1% above its 200-day.
- RSI at 52 is neither stretched nor washed out.
- Nothing above has stopped it this year; the nearest floor is $299.72 (-6.5%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is LRCX a good investment in 2026?
Lam Research trades at a P/E ratio of 55.7, with very high volatility (52.7% annualized). The stock is in a consolidation phase.
What is the risk level of LRCX?
Based on 30-day volatility of 52.7%, LRCX has VERY HIGH risk. Beta of 1.85 indicates higher sensitivity to market movements than average.
Does LRCX pay dividends?
Yes, Lam Research has a dividend yield of 0.41%.
How far is LRCX from its all-time high?
Lam Research is 26.9% below its all-time high of $438.50, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +3862.8%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold LRCX?
13 of the 30 popular ETFs we track hold Lam Research. The largest weights: SMH (4.19%), SOXX (3.65%), XLK (2.19%), QQQM (1.78%) and VIG (1.61%). Measured on each issuer's full holdings file, dated August 31 to October 1, 2026.
How much of VOO is LRCX?
0.57%, as of August 31, 2026: LRCX is holding #27 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $5.70 in Lam Research.
Which famous investors own LRCX?
Chase Coleman (5.72% of Tiger Global Management's 13F), David Tepper (2.15% of Appaloosa's 13F), Ray Dalio (1.67% of Bridgewater Associates's 13F) and Stanley Druckenmiller (0.36% of Duquesne Family Office's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for LRCX?
The average analyst price target for Lam Research (LRCX) is $375.65 based on 31 analyst estimates, about 17.2% above the current price of $320.59. The published range runs from $290.00 to $500.00.
How much revenue does LRCX generate?
Lam Research reported $23.23B in trailing twelve-month revenue. Revenue growth is running at 30.0% year over year. Net margin sits at 31.3%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare LRCX with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.