Lam Research Corp. R

Lam Research Corp. R

LAR0.DE
Lam Research Corp. RDE flagDeutsche Börse
285.85
EUR
+5.45
- -
357.48BMarket Cap
Lam Research Corp. R
LAR0.DE
(Deutsche Börse)

Recent

price

285.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.68
2.62
2.15
2.13
2.8
3.29
3.7
4.94
6.85
6.33
6.94
10.18
12.31
12.87
11.34
14.33
17.2
Revenue per Share
0.27
0.59
0.14
0.07
0.38
0.41
0.58
1.05
1.47
1.44
1.55
2.72
3.29
3.33
2.91
4.17
5.32
Basic EPS, GAAP
0.28
0.61
0.4
0.43
0.44
0.49
0.85
1.25
1.64
2.08
1.47
2.5
2.22
3.82
3.54
4.8
5.52
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.07
0.12
0.15
0.19
0.44
0.45
0.51
0.58
0.67
0.78
0.89
0.98
Dividend per Share
1.55
2.18
2.3
1.76
2.17
2.57
3.03
3.85
5.11
6.51
7.96
10.23
13.19
16.26
18.88
22.54
26.17
Book Value per Share
1.21
1.82
2.12
1.27
1.73
2.02
2.61
3.2
2.96
1.98
2.44
3.07
3.33
4.74
5.16
6.26
6.9
Tangible Book Value per Share
1,269
1,235
1,242
1,689
1,647
1,596
1,589
1,622
1,616
1,525
1,448
1,436
1,399
1,355
1,314
1,286
1,261
Basic Weighted Avg Shares
2,134
3,238
2,665
3,599
4,607
5,259
5,886
8,014
11,077
9,654
10,045
14,626
17,227
17,429
14,905
18,436
21,682
Sales/Revenue/Turnover
20.94
25.2
8.92
3.28
14.71
16.49
18.25
23.74
29.01
25.53
26.62
30.64
31.24
29.93
28.73
32.01
34.26
Operating Margin (%)
71
75
101
304
292
278
291
307
326
309
269
307
334
342
360
386
420
Depreciation Expense
347
724
169
114
632
656
914
1,698
2,381
2,191
2,252
3,908
4,605
4,511
3,828
5,358
6,708
Net Income, GAAP
19.41
9.63
17.46
- -
12.59
11.51
4.8
6.29
24.47
10.43
12.55
10.58
11.32
11.71
12.21
10.07
10.39
Effective Tax Rate (%)
16.25
22.35
6.33
3.16
13.72
12.47
15.53
21.19
21.49
22.7
22.42
26.72
26.73
25.88
25.68
29.06
30.94
Profit Margin (%)
1,198
2,593
2,988
2,389
3,202
3,639
6,795
6,192
6,000
6,189
7,691
8,125
7,720
9,043
8,545
7,949
8,055
Working Capital
18
738
762
789
817
1,001
3,378
1,785
1,807
3,823
4,971
4,984
4,998
5,003
4,479
3,730
3,730
LT Debt
1,768
2,470
5,322
4,676
5,213
5,345
6,102
6,987
6,580
4,723
5,183
6,027
6,278
8,210
8,539
9,862
10,585
Total Equity
21.6
28.94
3.97
- -
9.36
10.67
11.2
17.57
25.62
23.95
22.85
35.52
41.3
36.24
27.46
37.13
46.22
Return on Invested Capital (%)
18.99
26.87
5.31
- -
14.94
12.68
13.36
19.99
25.02
18.3
15.16
22.13
22.11
18.52
14.04
17.44
19.94
Return on Capital (%)
19.31
31.08
6.08
3.91
19.31
17.09
20.5
30.67
32.81
24.09
20.99
29.83
27.79
22.28
16.34
19.92
22.15
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
754
754
4
LT Borrowings
3,730
3,730
3,730
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,259
1,251
1,251
Market Capitalization
169,610
224,071
260,218

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
14,807
14,018
13,297
Cash, Cash Equivalents & STI
6,693
6,180
4,751
Accounts Receivable, Net
3,633
3,492
4,133
Inventories
4,095
4,038
4,000
Total Current Liabilities
6,708
6,213
5,242
Payables & Accruals
1,652
1,571
1,586
ST Debt
754
754
4
Deferred Revenue
2,646
2,165
2,091

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.51%
14.14%
15.48%
Free Cash Flow
28.43%
28.95%
32.69%
Net Income, GAAP
27.44%
22.84%
39.98%
Sales/Revenue/Turnover
15.12%
14.75%
23.68%
Total Cash Common Dividend
29.49%
11.85%
12.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,482
3,758
3,794
3,872
14,905
2025
4,168
4,376
4,720
5,171
18,436
2026
5,324
5,345
5,841
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.67
0.72
0.74
0.78
2.91
2025
0.86
0.93
1.04
1.35
4.17
2026
1.24
1.27
1.46
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.2
0.2
0.2
0.78
2025
0.2
0.23
0.23
0.23
0.89
2026
0.23
0.26
0.26
- -
- -
Business
Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the semiconductor industry. The company manufactures and sells advanced products for semiconductor manufacturing including deposition systems (ALTUS®, VECTOR®, Vantex®), etch systems (SABRE®, SPEED®, SP Series), clean systems (Striker®), and advanced materials solutions. Its products cater to various semiconductor processes such as deposition, etching, and wafer cleaning, enabling customers to produce advanced memory, logic, and specialty devices. Lam Research operates globally, serving major technology markets across North America, Asia, and Europe since its founding in 1980 and is headquartered in Fremont, California. In the last two years, Lam Research has focused on strategic partnerships and innovation-driven growth. Notably, it entered a non-exclusive cross-licensing and collaboration agreement with JSR Corporation and its subsidiary Inpria Corporation to advance next-generation semiconductor manufacturing, specifically focusing on dry resist technology for extreme ultraviolet (EUV) lithography and advanced atomic layer etching and deposition processes. This partnership leverages JSR’s materials innovation and Lam’s equipment capabilities to accelerate the semiconductor industry's transition to next-generation chip patterning. The company also maintains strong financial growth, reporting record revenue of $18.4 billion in the fiscal year 2025 with significant investments in research and development exceeding $4.6 billion. Lam Research continues to innovate its product portfolio with ongoing launches and enhancements across key product families supporting chipmakers’ evolving needs in AI, high-performance computing, and advanced packaging. The company has also increased its quarterly dividend by 15% in 2024, reflecting confidence in sustainable cash flow generation. Lam Research primarily serves semiconductor device manufacturers and suppliers globally, positioning itself as a critical technology enabler for the semiconductor fabrication ecosystem. The company maintains subsidiaries and extensive manufacturing and service operations across major chipmaking regions and sustains a robust R&D and capital infrastructure to support technological leadership. Its latest operational highlights include increasing deferred revenues due to growing customer demand and adapting to evolving tax frameworks such as the One Big Beautiful Bill Act. Lam Research remains focused on innovation in deposition, etch, and clean technologies, with continued momentum in its business driven by the secular demand for semiconductors and advancements in 3D device scaling and chip integration.