TechnologySemiconductor Equipment & MaterialsUnited States

LRCX.US · Lam Research Corporation

NMS · US · USD

Latest price248.91 USD

30D-16.7%

Vs. base value+507%

Research summary

LRCX.US latest organized financial period shows revenue lacks a complete YoY comparison and net income grew +0% YoY. Current price is about 249 USD, while the model base case is about 41.04 USD; the current price sits +507% versus the base case. This summary is intended for public-information research and model review.

Key financial trend

Annual financial metrics with switchable views. · Unit: USD

10 records

Revenue18B USD

Net income5B USD

Free cash flow5B USD

Operating cash flow6B USD

Gross profit

Revenue after direct costs, useful for reading core product or service profitability.

Price trend

Price date: 2026/04/28 · Updated: 2026/04/29 07:22

Adjusted close trend. Current price sample covers: 2026/03/09 - 2026/04/28.

Valuation model range

Hover each model row to inspect formulas and inputs.

Current price248.91 USD

Base value41.04 USD

Vs. base+507%

Price date2026/04/28

41.04 USD41.04 USD42.87 USD

+507%

Calculated

DCF

Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.

51.99 USD51.07 USD57.23 USD

+387%

51.07 USDCurrent price is 387.4% above the base model value.

FormulaValue/share = PV(FCF/share for 10 years) + PV(terminal value)Inputs used

Result: 51.07 USD
Current price: 248.91 USD
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Bear value: 51.99 USD
Base value: 51.07 USD
Bull value: 57.23 USD
Base FCF/share：4.19
Base growth：-0.5%
WACC：9.5%
Terminal growth：3.0%

Calculated

Owner Earnings

Uses recent net income as an owner-earnings proxy and discounts scenario growth.

47.59 USD47.59 USD51.25 USD

+423%

47.59 USDCurrent price is 423.1% above the base model value.

FormulaValue/share = PV(owner earnings/share) + PV(terminal value)Inputs used

Result: 47.59 USD
Current price: 248.91 USD
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Bear value: 47.59 USD
Base value: 47.59 USD
Bull value: 51.25 USD
Average net income over the last 3 years proxies owner earnings
Base growth：0.0%
WACC：9.5%

Calculated

Reverse DCF

Solves the forward FCF growth rate implied by the current price.

Implied growth20.6%

Current price implies roughly 20.6% annualized FCF growth.

20.6%Current price implies roughly 20.6% annualized FCF growth.

FormulaSolve growth where DCF value/share = current priceInputs used

Result: 20.6%
Current price: 248.91 USD
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Base FCF/share：4.19
WACC：9.5%
Terminal growth：3.0%

Calculated

Earnings Power Value

Estimates earnings power value without assuming growth.

34.49 USD34.49 USD34.49 USD

+622%

34.49 USDCurrent price is 621.7% above the base model value.

FormulaEPV/share = normalized NOPAT / WACC / sharesInputs used

Result: 34.49 USD
Current price: 248.91 USD
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Base value: 34.49 USD
Average operating income over the last 3 years
Effective tax rate is estimated at 21%
WACC：9.5%

Updated: 2026/04/29 07:22

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Quarterly and annual financial table

Financial DetailsShowing latest 5 / 10

Period	Type	Revenue	Net Income	Free Cash Flow	Diluted EPS
2025/06/29	Annual	18B USD	5B USD	5B USD	4.15
2025/06/28	Annual	-	5B USD	6B USD	4.15
2024/06/29	Annual	-	4B USD	5B USD	29
2023/06/29	Annual	17B USD	5B USD	5B USD	3.32
2023/06/24	Annual	-	5B USD	5B USD	33.21

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LRCX.US · Lam Research Corporation

Research summary

Key financial trend

Price trend

Valuation model range

DCF

Owner Earnings

Reverse DCF

Earnings Power Value

Quarterly and annual financial table

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