Lam Research
LRCX · NASDAQ · Technology
$307.28
$3.63 (-1.18%) today
Market Cap
$384.51B
24h Volume
$2.8B
P/E Ratio
51.7
52w High
$433.33
52w Low
$127.68
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About Lam Research
Lam Research makes semiconductor manufacturing equipment. It makes money selling deposition, etch, and clean systems, the machines that build chip structures layer by layer, to foundries and memory makers worldwide.
Its products carry intelligence of their own: AI-optimized etch systems tune processes for advanced chips, the Sense.i platform brings data and analytics to the fab floor, and Equipment Intelligence helps tools run and correct themselves.
Founded in 1980 and headquartered in Fremont, California, Lam Research trades on the NASDAQ and employs about 17,500 people.
Lam Research in the AI buildout
Lam Research sits in the Chip Equipment & Foundries layer of the AI buildout. Its deposition and etch equipment fabricates the AI logic chips and the high-bandwidth memory those chips require, making Lam essential whenever foundries and memory makers add AI capacity. That expansion is a key demand driver for its tools. Orders still cycle with overall semiconductor capital spending, so the AI wave lifts a business that remains tied to the broader chip cycle.
LRCX is tracked in Chip Equipment & Foundries, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
LRCX trades at $307.28, 59% of the way up its 52-week range of $127.68 to $433.33.
Market cap
Market capitalization is $384.51B, with an AI Exposure Score of 50 out of 100.
Valuation vs peers
Its P/E ratio of 51.7 is in line with the Chip Equipment & Foundries category median of 45.5.
Next earnings
Lam Research is next expected to report earnings on October 21, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Lam Research do?
Lam Research sells deposition, etch, and clean equipment to chipmakers. Foundries and memory makers use its machines to build the structures inside advanced semiconductors, layer by layer.
How is Lam Research exposed to AI?
Through chip capacity. Its equipment fabricates AI logic chips and high-bandwidth memory, and AI-driven expansion is a key demand driver. Supercycle rates it an AI Exposure Score of 50 out of 100.
What are Lam Research's main products?
AI-optimized etch systems for advanced chips, the Sense.i platform for fab data and analytics, and Equipment Intelligence that helps its tools monitor and correct themselves.
Is LRCX a pure play AI stock?
No. Lam serves the whole semiconductor industry, and orders cycle with total chip capital spending. AI capacity expansion is a key driver within that, reflected in its AI Exposure Score of 50 out of 100.
Where is Lam Research based and who leads it?
Lam Research is headquartered in Fremont, California, and is led by CEO Tim Archer. The company was founded in 1980 and employs about 17,500 people.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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