Professional
Added to YB: 2026-09-17
Pitch date: 2026-06-30
LRCX [bullish]
Lam Research Corporation
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
$342.2B
Pitch Price
N/A
Price Target
N/A
Dividend
0.38%
EV/EBITDA
38.69
P/E
47.48
EV/Sales
14.67
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Durable Advantage Fund Portfolio Holding: Lam Research Corporation
LRCX (earnings): Lam Research’s March 2026 quarter reinforced the bullish thesis: revenue grew 24% year over year and operating margin reached 35%, both above expectations, on broad wafer-fabrication-equipment strength and market-share gains tied to its NAND positioning. Lam should benefit as AI expands semiconductor demand and increasingly three-dimensional chip architectures require more etch and deposition steps, supporting management’s expectation to outgrow WFE for several years.
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