LRCX

Lam Research Corporation
TechnologySemiconductor Equipment & MaterialsNASDAQ
$232.96
+$8.55 (3.67%)today
Conviction
0/ 10
Fair Value$274.90
Upside+18.00%
Signal0
Market Cap$251.1B
52W Range$56.32–$256.68
Next EarningsApr 22

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$48.33
Current Price$228.36
Upside / Down-78.8%
P(Undervalued)0.0%
P(20%+ Up)0.0%
P(15%+ Down)100.0%

Fair Value Distribution — percentile bands

0.0% of simulations place fair value above current price

WHAT IS PRICED IN

FCF-Based Reverse DCF

51.1%/yr

±3.9% · FCF growth to justify current price

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

Quick Take

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.

Trailing P/E41.2x
Forward P/E29.0x
P/S12.2x
EPS (TTM)$4.86
Analyst Target$274.90
Analyst Upside18.0%

No Eagle analysis yet. Request a full review including conviction score, bull/bear cases, and thesis.

Bull Case

No analysis yet

Bear Case

No analysis yet

Research Feed

analysisMar 27
Conviction: unchanged
LRCX: Semiconductor Equipment Powerhouse Riding AI HBM + CHIPS Act Tailwinds, China Risk the Key Overhang

LRCX is a near-monopoly semiconductor equipment supplier riding the HBM and AI infrastructure supercycle. Beat Q2 FY2026 with $5.34B revenue and $1.27 EPS (+8.5% beat). HBM density expansion is the co...

sec_10qFeb 28
Conviction: unchanged
LRCX Q2 FY2026 10-Q: AI Foundry Surge Driving Cycle, China Risk the Overhang

Blowout quarter: revenue +22% YoY to .34B, gross margins hitting 50%, net income +34% YoY. Foundry now 59% of mix (from 35% YoY) — directly maps to TSMC/Samsung AI node buildout. China at 35% of Q2 re...