LRCX — Lam Research Corporation
Technology · Semiconductor Equipment & Materials
What LRCX does
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.
Place in the AI trade
Semiconductor equipment — the machines that make AI chips. A picks-and-shovels bet one level below the chipmakers themselves.
Key data · delayed ~15 min, as of 30 June 2026
| Ticker | LRCX |
| Company | Lam Research Corporation |
| Price | $435.77 |
| Market cap | $544.88B |
| Sector / industry | Technology / Semiconductor Equipment & Materials |
| Performance | 1W +16.9% · 1M +36.5% · 1Y +348.3% |
| Analyst mean target | $346 (31 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~19%/yr earnings growth (punchy), on a reverse-DCF of forward earnings ($8.03). Run your own assumptions in the fair-value calculator.
Chart
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