
Lam Research Corporation
Lam Research
Lam Research Corporation is the global leader in plasma etch technology and a top-tier supplier of thin-film deposition and wafer cleaning equipment, headquartered in Fremont, California. Founded in 1980, Lam generated approximately $21.68 billion in TTM revenue and employs about 19,700 people across 14 countries. The company's etch systems — including the flagship VANTEX and Sense.i platforms — dominate high-aspect-ratio applications essential to 3D NAND (300+ layers), GAA logic transistors, and HBM advanced packaging, making Lam one of the most strategically important suppliers in the AI-driven semiconductor buildout. Lam's deposition (ALTUS, VECTOR) and cleaning (SP, DV) products extend its reach across the front-end process flow, with virtually every advanced logic and memory fab integrating Lam tools.
Strengths: Lam Research's leadership in plasma etch — the most critical process for 3D NAND and GAA — gives it an essential role in every advanced fab, with dominant share of the high-aspect-ratio etch market. The company's strong position in deposition and cleaning provides portfolio synergy and cross-selling opportunities across the wafer fabrication flow. Lam benefits from deep partnerships with TSMC, Samsung, SK Hynix, and Micron, with its tools qualified at every leading-edge node. The company's recurring revenue model — spare parts, services, and consumables — provides stability through cyclical downturns, and analysts expect 2026-2028 wafer front-end equipment growth driven by cleanroom capacity shortages and AI demand.
Weaknesses: Lam Research's concentration in etch and deposition leaves it more exposed to process-technology transitions than diversified rivals like Applied Materials. The company faces intense competition from Tokyo Electron in etch and Applied Materials in deposition, particularly in Asia where TEL holds strong share. Lam's China revenue is constrained by export controls on advanced etch tools, requiring growth from US, Taiwan, Korean, and European fab expansions to offset the lost market.Read MoreShow Less
Strengths: Lam Research's leadership in plasma etch — the most critical process for 3D NAND and GAA — gives it an essential role in every advanced fab, with dominant share of the high-aspect-ratio etch market. The company's strong position in deposition and cleaning provides portfolio synergy and cross-selling opportunities across the wafer fabrication flow. Lam benefits from deep partnerships with TSMC, Samsung, SK Hynix, and Micron, with its tools qualified at every leading-edge node. The company's recurring revenue model — spare parts, services, and consumables — provides stability through cyclical downturns, and analysts expect 2026-2028 wafer front-end equipment growth driven by cleanroom capacity shortages and AI demand.
Weaknesses: Lam Research's concentration in etch and deposition leaves it more exposed to process-technology transitions than diversified rivals like Applied Materials. The company faces intense competition from Tokyo Electron in etch and Applied Materials in deposition, particularly in Asia where TEL holds strong share. Lam's China revenue is constrained by export controls on advanced etch tools, requiring growth from US, Taiwan, Korean, and European fab expansions to offset the lost market.
Listed market data
LRCX · NASDAQ · weeklyHistory →- Market cap
- $299 B
- Share price
- USD 227.56
- 1Y change
- +48.5%
- Recent change
- -4.8%
- Since first close
- ×1,187
- Revenue (TTM)
- $23.2 B
10-30 → 11-02
from 1984-05
Financial history
Full market history- 2026-11USD 227.56$299 B-13.8%
- 2026-10USD 263.94$330 B-19.7%
- 2026-09USD 328.51$432 B+9.0%
- 2026-08USD 301.49$396 B+2.9%
- 2026-07USD 293.02$385 B-32.4%
- 2026-06USD 433.33$570 B+36.2%
- 2026-05USD 318.18$418 B+23.4%
- 2026-04USD 257.86$339 B+20.7%
- 2026-03USD 213.66$281 B-8.6%
- 2026-02USD 233.89$308 B+0.2%
- 2026-01USD 233.46$307 B+36.4%
- 2025-12USD 171.18$225 B—
Ownership & Control
Shareholding as of 2026-06-30- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Brand & Manufacturer
- Insiders
- 0.28%
- Institutions
- 88.78%(4,053 holders)
- Free float
- 89.03%
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
In the press
All coverage →5 latest headlines1- Applied Materials, Lam Research, KLA Corporation, FormFactor, and Penguin Solutions shares plummet, what you need to know - Yahoo Financefinance.yahoo.com2026-10-23
- Lam Research retreats 12% amid cautious guidance, China revenue drop (LRCX:NASDAQ) - Seeking Alphaseekingalpha.com2026-10-22
- Chip stocks fall as equipment maker Lam Research cites 'supply chain constraints' - Yahoo Financefinance.yahoo.com2026-10-22
- Chip Stock Rebound Comes Undone After Lam Research Stokes Spending Fears - Barron'swww.barrons.com2026-10-22
- Lam Research Earnings: Focus on the Fundamentals - Morningstarwww.morningstar.com2026-10-22
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2026 | $23.2 B | $7.3 B |
| 2025 | $18.4 B | $5.4 B |
| 2024 | $14.9 B | $3.8 B |
| 2023 | $17.4 B | $4.5 B |
| 2022 | $17.2 B | $4.6 B |
Annual results from company filings (SEC XBRL), converted to US dollars.
Quick Facts
Headquarters
Fremont, California, United States
Founded
1980
Employees
19,700
Revenue
$21.7 B (TTM)
Market cap
$299 B
Factories
15+ Production Base
Presence
20+ Countries
Listing
NASDAQ: LRCXCategories
22 categories · scroll for more
Related
Similar listed companies
- Apple Inc.· $5 T
- Nvidia Corporation· $4.9 T
- Taiwan Semiconductor Manufacturing Company Limited ( TSMC )· $2.1 T
- Samsung Electronics Co., Ltd.· $1.1 T
- Micron Technology, Inc.· $1 T
- ASML Holding N.V.· $631 B
Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: Official Website Nasdaq : LRCX , Lam Research Company Overview (Official)
Lam Research CDP Submission 2024
Lam Research Analyst Outlook (Seeking Alpha)
SEMI Global Semiconductor Equipment Billings Report
