Added to YB: 2026-08-25
Pitch date: 2026-08-20
LRCX [neutral]
Lam Research Corporation
-2.42%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$392.9B
Pitch Price
$317.86
Price Target
370.00 (+18%)
Dividend
0.33%
EV/EBITDA
44.45
P/E
54.51
EV/Sales
16.85
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Lam Research $LRCX FQ4/FY2026 Financial Report Analysis
LRCX (overview): FQ4/FY26 record results; FY26 rev $23.2B (+26% YoY), non-GAAP EPS $5.82 (+41%), GM ~20yr high. NAND doubled, memory ~46% of systems; CY26 WFE raised to low-$150B. Long-term GM target mid-50s/OM mid-40s (multi-yr). At $328, DCF implies ~14% overvalued; author waits for $270-290 entry, trims >$370.
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