Lam Research Corporation (LRCX)
NASDAQ · Information Technology · market cap 397.91B
Share price
$269.31
At the last nightly close
Intrinsic value
$148.75
Range $95.35 – $103.90 before any credit for growth. The figure above credits what the franchise record earns, which is why it sits outside that range.
Margin of safety
-44.8%
($148.75 − $269.31) ÷ $269.31
EV / EBIT
126.3
On the median operating profit of 15 fiscal years through 2026.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.
The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-03.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2026-FY | 23.23B | 8.20B | 7.27B | 5.79 | 4.89B |
| 2025-FY | 18.44B | 5.90B | 5.36B | 4.17 | 5.41B |
| 2024-FY | 14.91B | 4.28B | 3.83B | 2.91 | 4.26B |
| 2023-FY | 17.43B | 5.22B | 4.51B | 3.33 | 4.68B |
| 2022-FY | 17.23B | 5.38B | 4.61B | 32.75 | 2.55B |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Lam Research Corporation (LRCX) Stock Price, News, Quote & History - Yahoo Financefinance.yahoo.com
- LRCX Poised for a Q4 Earnings Surprise: Should You Buy the Stock Now? — TradingView Newstradingview.com
- Lam Research (LRCX) Stock Price, Quote, News & History | Benzingabenzinga.com
- LRCX: Lam Research Corporation - Stock Price, Quote and ...cnbc.com
- LRCX - Lam Research Corp Stock Price, News and Moremorningstar.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on LRCX.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.