Lam Research Corporation LRCX
Strong Semiconductors sector · Chip-making equipment for etch and deposition — picks-and-shovels for every fab.
Lam Research Corporation (LRCX) is an established Semiconductors company, graded Strong on FrontierLab's evidence-based quality rubric (data as of 2026-10-05). Revenue grew 26% year-over-year at a 50.5% gross margin. Gross-profits-to-assets is 0.5; Rule of 40 is 61.3. Net share issuance -1.2% YoY (flat share count). No risk flags are currently noted. Analyst mix: 35 buy / 6 hold / 0 sell. Track record: 55% of Strong-graded names beat the S&P over 63 sessions (95% CI 38–72%, N=29). Median excess vs the S&P was +2.2%.
These sentences are generated from the day's data by deterministic templates.
Key quality signals
| Revenue growth (YoY) | 26% |
|---|---|
| Gross margin | 50.5% |
| Gross profits / assets | 0.5 |
| Rule of 40 | 61.3 |
| Net margin | 35.3% |
| Cash runway (months) | — |
| PEG | 1.6 |
| Price / sales | 18.7 |
Quality checklist
Each line is one quality test behind the grade — ✓ passed · ~ borderline · ✗ failed. Hover a metric in the tables below for what it means.
- ✓ Revenue growth — 26% (pass ≥ 20%)
- ✓ Gross profits / assets — 0.5 (pass ≥ 0.33)
- · Rule of 40 — 61.3 (context — graded for software only)
- ✓ Gross margin — 50.5% (pass ≥ 50% · Semiconductors)
- ✓ Cash generation
- ✓ Share dilution — -1.2%
- ~ Competitive moat — Narrow
- ✓ Market size (TAM) — Large
Grade history
Graded Strong since 2026-06-10 — no grade changes recorded yet.
How have Strong-graded names performed?
The forward returns of all Strong-graded names since each grade was recorded — the bucket this name currently sits in, not a forecast of this individual stock.
| Window | Forward record vs the S&P | Median |
|---|---|---|
| ~1 month | 50% of Strong-graded names beat the S&P over 21 sessions (95% CI 33–67%, N=30). | Median excess vs the S&P was +0.9%. |
| ~3 months | 55% of Strong-graded names beat the S&P over 63 sessions (95% CI 38–72%, N=29). | Median excess vs the S&P was +2.2%. |
| ~6 months | building — 46 more sessions needed | |
Scope: these are forward returns vs the S&P among names still covered at each horizon's end, within the curated universe — not a survivorship-clean whole-market backtest. Names later dropped from coverage are counted as attrition (not hidden), and single-session moves beyond ±300% are treated as split/data artifacts and excluded. How this is measured → · Full track record →
How it compares
Coarse same-sector, same-stage context — not a percentile or rank. GP/A is graded on its absolute level, not position.
Fundamentals
| Market cap | $434.56B |
|---|---|
| Stage | Established |
| Share issuance (YoY) | -1.2% · flat share count |
| Moat | Narrow |
| TAM | LARGE |
| P/E (trailing) | 60.3 |
| EPS (trailing) | $5.76 |
| Burn multiple | — |
| Gross-margin trend (pts) | 1.8 |
| Cash / assets | 0.24 |
| Accruals (%) | 6.3% |
| Net debt / EBITDA | -0.2 |
| Statements as of | Q4 FY2026 · filed 2026-08-07 |
Momentum context — describes the past, not a signal
Low reached Oct 10, 2025 · high reached Jun 30, 2026 — by daily close.
| Price | $347.49 (as of 2026-10-02) |
|---|---|
| Last session move | — |
| % off 52-wk high | -20.8% |
| RSI (14) | 68 |
| Relative volume | 0.8× |
Insider activity (90 days)
| Cluster buyers | 0 |
|---|---|
| Sellers | 5 |
Insider selling is routine diversification, not a bearish signal.
Analyst mix
| Strong buy | 10 |
|---|---|
| Buy | 25 |
| Hold | 6 |
| Sell | 0 |
| Strong sell | 0 |
Ratings are context, not a price target. "Momentum" = how the mix changed over recent weeks, not a forecast.
From the headlines
Lam Research rated cautious buy; AI manufacturing complexity and installed-base growth support thesis.
- What is Lam Research’s (LRCX) Economic Moat, and is it Widening or Narrowing?
- Lam Research: AI Manufacturing Complexity And Installed-Base Growth Support A Cautious Buy
- Analog Devices, AMD, KLA Corporation, Lam Research, and Marvell Technology Stocks Trade Up, What You Need To Know
AI take — daily, AI-generated
AI leans positive
Lam Research offers balanced growth (26%), reasonable 1.6 PEG, and strong fundamentals with AI manufacturing tailwinds, making it the most fairly valued of the group.
Generated by an AI model from the day's news — an opinion for context only. Not financial advice, not a recommendation, and not a price target.
Similar Semiconductors names
← All Semiconductors names · Open LRCX in the interactive screener →
Data as of 2026-10-05 08:19 (end-of-day). How grades are computed →