Lam Research Corporation
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Range $290 – $500
Price Chart
About the company
Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies.
- CEO
- Timothy Archer
- IPO
- 1984
- Employees
- 23,300
- HQ
- Fremont, CA, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a long-term uptrend, trading well above its 200-day average of 251.33, but it has pulled back sharply from the 52-week high of 438.5. That leaves the setup constructive over the secular cycle, though the recent break from the 50-day average signals a reset after a strong multi-month run.
Street sentiment stays constructive: 39 Buy, 10 Hold, and 1 Sell, with a Buy consensus and a $371.29 target versus a $309.21 share price. Recent target moves were mixed but mostly still positive, with several firms trimming targets while others raised them into the $333-$355 range.
Lam has a clean beat streak, going 8-for-8 over the last eight quarters, including a 7.7% EPS beat in the latest report. The next watchpoint is whether that cadence holds as EPS estimates point to $8.18 next year, with revenue growth still positive at 30% and management execution likely to matter more than macro noise.
Insider activity skews negative on discretionary trades, led by multiple open-market sales from the CEO and directors. Several entries are automatic award, vesting, or tax-related flows, but the clear signal is net selling rather than insider accumulation.
Profitability remains strong, with a 50.5% gross margin, 37.39% operating margin, and 31.27% net margin. Growth is still healthy, with revenue up 30% year over year and EPS up 34.8%, while free cash flow of $6.82 billion and net cash of $1.46 billion leave the balance sheet flexible.
Lam sits near the top tier of semiconductor equipment names on margins and cash generation, which supports premium positioning versus lower-quality peers. The stock still trades at a rich 53.13x earnings, so the market is paying for execution and cycle durability.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $388.16B
- P/E
- 53.78
- Fwd P/E
- 32.74
- PEG
- 1.39
- P/S
- 16.76
- P/B
- 31.34
- EV/EBITDA
- 44.57
- Div Yield
- 0.33%
- Gross Margin
- 50.47%
- Op Margin
- 35.29%
- Net Margin
- 31.27%
- ROE
- 66.97%
- ROIC
- 40.77%
Latest fiscal year · YoY change
- Revenue
- $23.23B+26.0%
- Gross Profit
- $11.73B+30.6%
- Op Income
- $8.20B
- Net Income
- $7.27B+35.6%
- EPS
- $5.79+38.8%
- OCF Growth
- -5.1%
- FCF Growth
- -9.7%
- 52W High
- $438.50
- 52W Low
- $94.11
- 50D MA
- $337.77
- 200D MA
- $252.07
- Beta
- 1.86
- RSI (14)
- 47
- Avg Volume
- 11.71M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Robinhood reported record Q2 revenue, EPS, net deposits, and profitability, while highlighting rapid product expansion across trading, banking, cards, crypto, and tokenization.· July 29, 2026
- Record Q2 revenue of $1.3 billion, up 32% year over year, with adjusted EBITDA of $741 million and a 57% margin.
- Adjusted EPS was $0.62, up 48% year over year; adjusted OpEx and SBC were $641 million, below prior outlook.
- Net deposits hit a record $22 billion, and nearly 1 million funded customers were added in the quarter.
- Gold subscribers reached 4.8 million, a new high and a 17% attach rate to net funded accounts.
- Management said it lowered and tightened 2026 adjusted OpEx and SBC guidance to $2.675 billion to $2.775 billion while self-funding new investments.
- New product momentum included Trump Accounts, Robinhood Chain, Agentic Trading, the Gold Card, and international expansion via WonderFi and Singapore licensing.
Q2 revenue was a record $1.3 billion, up 32% from a year ago. Adjusted EBITDA was $741 million, up 35% year over year, with a 57% margin, and adjusted EPS was $0.62, up 48% year over year. Net deposits were a record $22 billion, Gold subscribers reached 4.8 million, and adjusted OpEx and SBC came in at $641 million. Looking ahead, management said July average daily volumes were in a similar area to Q2 for equities, options, and event contracts, July net deposits were tracking toward the $4 billion area, and full-year 2026 adjusted OpEx and SBC guidance was lowered and tightened to $2.675 billion to $2.775 billion.
Vlad Tenev framed the quarter as proof that Robinhood is progressing on its long-term vision of making everyone an owner, with growth coming from active traders, family/wallet-share products, and international expansion. He emphasized product velocity across the core app and newer offerings, pointing to records in equities, options, prediction markets, and deposits, plus early traction in Agentic Trading, Trump Accounts, Robinhood Chain, and stock tokens. His tone was upbeat and expansive, but he also stressed there is “more to do” on product development and global rollouts.
Shiv Verma said the core business remains strong, citing record net deposits of $22 billion, nearly 1 million funded customers added, and records across equities, options, prediction markets, and margin. He highlighted profitability discipline with adjusted EBITDA of $741 million and 57% margins, while adjusted OpEx and SBC were $641 million and below prior outlook even after adding Rothera and WonderFi costs. He also said the company opportunistically raised $2.2 billion of capital in June, repurchased 7.5 million shares for $664 million year to date, and lowered 2026 adjusted OpEx and SBC guidance to $2.675 billion to $2.775 billion.
Analysts pressed on what drove the surge in funded customers, and management said it was a mix of strong market conditions, new products like Banking and Credit Card, the SpaceX IPO, an acquisition that added a couple hundred thousand accounts, and continued overseas growth. Questions on prediction markets focused on durability after the World Cup; management said events like football season and the midterms should keep driving engagement, and that pricing and routing improvements through Rothera should improve economics. Analysts also asked about Trump Accounts, with management saying 7 million children have signed up and nearly $1.5 billion has already been contributed, and about perps, tokenization, and global expansion, where management repeatedly framed the opportunity as broad but still early.
The call showed broad-based operating momentum: record revenue, record deposits, strong EBITDA margins, and nearly 1 million new funded customers. Management sounded confident that newer products — especially Banking, Credit Card, prediction markets, Robinhood Chain, and Trump Accounts — are creating a larger ecosystem and more durable deposit growth.
Management acknowledged that some growth drivers are still early and subject to regulation, especially U.S. perps, tokenization, and broader crypto/DeFi expansion. Net deposits can also fluctuate with macro, seasonality, and promotions, and management said Robinhood still has work to do on product orchestration and on making the app experience coherent as it adds more offerings.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.7%
- Shares Outstanding
- 1.25B
- Float Shares
- 1.25B
of shares held by institutions
2,714 13F filers
Buy/sell ratio 0.33. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for LRCX, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| David TaylorHouse · OH02 | Sell | Jun 5, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Apr 27, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Apr 27, 26 | Filing → |
| David TaylorHouse · OH02 | Buy | Mar 12, 26 | Filing → |
| Tony WiedHouse · WI08 | Sell | Feb 3, 26 | Filing → |
| Tony WiedHouse · WI08 | Sell | Feb 9, 26 | Filing → |
| Tony WiedHouse · WI08 | Sell | Feb 12, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Feb 26, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Feb 26, 26 | Filing → |
| Cleo FieldsHouse · LA06 | Buy | Feb 3, 26 | Filing → |
| John BoozmanSenate · AR | Sell | Jan 8, 26 | Filing → |
| John BoozmanSenate · AR | Sell | Jan 8, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Jan 16, 26 | Filing → |
| David TaylorHouse · OH02 | Sell | Jan 8, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 132.73M | ▼ 124.54K |
| Vanguard Group Inc | 131.19M | ▲ 211.12K |
| Vanguard Capital Management LLC | 81.68M | ▲ 527.89K |
| State Street Corp | 60.70M | ▲ 1.55M |
| Invesco Ltd. | 52.32M | ▲ 26.11M |
| Jpmorgan Chase & Co | 45.32M | ▲ 12.60M |
| Geode Capital Management, LLC | 34.51M | ▼ 669.69K |
| Fmr LLC | 33.68M | ▲ 103.02K |
| Price T Rowe Associates Inc | 24.60M | ▲ 11.36M |
| Morgan Stanley | 19.22M | ▲ 246.66K |
| Norges Bank | 18.12M | ▲ 18.12M |
| Ameriprise Financial Inc | 17.33M | ▼ 3.45M |
Held by 2,626 ETFs
Biggest fund positions in LRCX by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 6, 26 | ARCHER TIMOTHY | other | 30,000 |
| Aug 6, 26 | ARCHER TIMOTHY | sell | 30,000 |
| Aug 6, 26 | ARCHER TIMOTHY | other | 30,000 |
| Aug 5, 26 | Harter Ava | other | 5,790 |
| Jul 13, 26 | TALWALKAR ABHIJIT Y | sell | 18,282 |
| Jul 2, 26 | ARCHER TIMOTHY | other | 30,000 |
| Jul 2, 26 | ARCHER TIMOTHY | sell | 30,000 |
| Jul 2, 26 | ARCHER TIMOTHY | other | 30,000 |
| Jun 12, 26 | BRANDT ERIC | sell | 300 |
| Jun 12, 26 | BRANDT ERIC | sell | 1,393 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our LRCX coverage
Recent articles, reports, and earnings notes.

Lam Research (LRCX): AI Packaging and Memory Growth
Lam Research posted record fiscal 2026 results as AI-related packaging, memory, and customer support revenue broadened the growth story. Valuation remains the main constraint, but execution and spending momentum support a Buy view.

Lam Research Corporation (LRCX) drops 5.7% on sector selloff
Lam Research Corporation (LRCX) drops sharply as semiconductor equipment stocks come under pressure, extending its retreat from recent highs. The move appears driven by sector-wide profit-taking and valuation concerns, not a Lam-specific earnings miss. Strong recent results still support the long-term story, but the stock remains volatile.

AMAT's 5% post-earnings drop is ignoring the AI equipment boom
AMAT's 5.1% post-earnings slide looks like an expectations reset, not a broken AI equipment cycle. Management's forecast for more than 30% semiconductor-equipment growth in calendar 2026 gives the pullback a stronger fundamental backdrop than the tape suggests.
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Lam Research Corporation $LRCX Shares Sold by Envestnet Portfolio Solutions Inc.
defenseworld.net · Aug 20
Fulcrum Capital LLC Sells 5,127 Shares of Lam Research Corporation $LRCX
defenseworld.net · Aug 20
Athena Wealth Management LLC Has $272,000 Stock Holdings in Lam Research Corporation $LRCX
defenseworld.net · Aug 20
Applied Materials Falls 4%, Lam Research and Teradyne Sink 5%: What's Prompting the Selloff in Chip Equipment Stocks?
247wallst.com · Aug 19
Gateway Investment Advisers LLC Boosts Stake in Lam Research Corporation $LRCX
defenseworld.net · Aug 19
Applied Materials Rockets 98% in 2026: How Does AMAT Compare to Lam Research and KLA as AI Capex Powers Chip Gear Stocks?
247wallst.com · Aug 18
Lam Research (LRCX) Recently Broke Out Above the 50-Day Moving Average
zacks.com · Aug 18
Lam Research's DRAM Push Gains Steam: Can It Boost Growth Further?
zacks.com · Aug 18
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 19, 2026 · Live quote · Not investment advice