NASD · Technology · Semiconductor Equipment & Materials · USA
Lam Research Corp is a mega cap company (market value over $200 billion) in the Semiconductor Equipment & Materials industry.
Lam Research Corporation manufactures processing systems used by chip producers to create semiconductors for mobile phones, computers, servers, and storage devices. The company serves memory, foundry, and integrated device manufacturers with equipment for depositing materials, etching patterns, and cleaning wafers. It also provides maintenance, upgrades, and refurbished systems through its customer support division.
From its FY2026 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Lam Research Corp stock.
Overvalued: intrinsic value $197.52 per share, market price $272.20, margin of safety -37.8% (as of 2026-10-19).
A 10.6x revenue multiple, adjusted for growth and margin, values the shares at $197.52; the price of $272.20 is 38% above that value.
Leak Score: 61/100 on 12 of 12 signals (Faint Leak).
17 more funds hold it; the full list is part of the paid plan.
All 29 Semiconductor Equipment & Materials stocks
4 more in this industry show a wider margin of safety.
LRCX is overvalued (as of the 2026-10-19 close). A 10.6x revenue multiple, adjusted for growth and margin, values the shares at $197.52; the price of $272.20 is 38% above that value.
$197.52 per share (as of the 2026-10-19 close), against a market price of $272.20. That is a margin of safety of -37.8%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
The price pays more for each dollar of sales than its growth and margins justify. Times its sales the price pays: 14.6x. Multiple we apply for its growth and margins: 10.6x.
61 out of 100, which we rate "Faint Leak", on 12 of 12 value investing signals.