Lam Research Corporation (LRCX) fair value analysis
S&P 500 · Updated 2026-10-19
LRCX price how computed
Forward Fair Value verdict
OvervaluedLRCX is trading at a 10–25% premium to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $318.84
- Sector
- Technology
- 12-month range
- $139.59–$433.33
- Market cap
- $399B
- From 52-week high
- -26.4%
- Shares outstanding
- 1.25B
- Rank in Technology by discount to fair value
- #124 of 181
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Lam Research Corporation manufactures semiconductor processing equipment used in the fabrication of microchips and other electronic components. The company operates globally, with significant operations and presence across the United States, Asia, and Europe, serving major semiconductor manufacturers worldwide.
LRCX currently ranks #124 of 181 Technology stocks by discount to fair value. It has screened as Overvalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $399B
- P/E (trailing)
- 55x
- Revenue (TTM)
- $23.2B
- Net margin
- 31.3%
- EPS (TTM)
- $5.82
- Gross margin
- 51.7%
- Debt / equity
- 0.33
- Revenue growth (3-yr avg)
- 31.0%
- Shares outstanding
- 1.25B
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Expanding
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 42 · neutral
- 50-day average
- $309.10
- 200-day average
- $281.95
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $1.11 per share (4 payments)
- Yield on last price
- 0.35%
- Consecutive years of increases
- 0 (no streak on complete calendar years)
- Last ex-dividend date
- 2026-09-23
- Last payment date
- 2026-10-14
Earnings how computed
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-06 ▲ beat (+7.7%)
2026-03 ▲ beat (+8.1%)
2025-12 ▲ beat (+8.5%)
2025-09 ▲ beat (+3.3%)
2025-06 ▲ beat (+9.9%)
2025-03 ▲ beat (+4.0%)
2024-12 ▲ beat (+3.4%)
2024-09 ▲ beat (+6.2%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 29 buy · 6 hold · 0 sell (35 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $376
- Target vs last price
- +17.9%
What our data shows for LRCX
- Our model validated 8 trailing price-to-earnings windows for LRCX, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $139.59–$433.33.
- The 14-day relative strength index sits at a neutral 42.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for LRCX
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent LRCX news
TickrTrends' derived news-sentiment signal for LRCX is currently leaning positive, computed from recent coverage.
- AI stocks slip and global markets retreat as oil hits 5-month high (fastcompany.com, 2026-10-22)
TickrTrends take: Lam Research operates in a technology sector that has shown sensitivity to broader market retreats, particularly when risk appetite diminishes across global equities. Given TickrTrends' current assessment that LRCX is overvalued, investors monitoring valuation metrics should pay attention to how semiconductor equipment demand correlates with the current market pullback and elevated oil prices, as these factors can influence technology spending cycles. The combination of AI stock weakness and retreating global markets may warrant closer examination of LRCX's revenue growth expectations and whether current valuation multiples remain justified if technology sector momentum continues to soften. - Steep bill for AI buildout punishes Meta, other tech favorites (economictimes.indiatimes.com, 2026-10-22)
TickrTrends take: The article highlights rising infrastructure costs associated with artificial intelligence development, a challenge that affects large technology companies across the sector. Given TickrTrends' current assessment that LRCX is overvalued, investors focused on valuation metrics should monitor whether increased capital expenditures for AI buildout by major customers compress margins in the semiconductor equipment industry. The cost pressures described in the headline represent a factor that valuation-conscious investors may want to track as they evaluate whether current pricing for LRCX reflects these potential headwinds. - AI stocks weigh on markets Thursday as oil rises to highest price since May - National (globalnews.ca, 2026-10-22)
TickrTrends take: LRCX trades in a Technology sector environment where AI-related stocks are experiencing downward pressure, which creates a disconnect worth monitoring given TickrTrends' current Overvalued assessment. As oil prices reach their highest levels since May, investors should observe whether increased input costs or market rotation away from technology positions will further pressure valuations in this space. The combination of AI sector weakness and rising commodity prices presents valuation-focused readers with an opportunity to track whether LRCX's premium pricing continues to hold amid broader market headwinds.
More LRCX news
- The Ithaka Group Q3 2026 Commentary (seekingalpha.com, 2026-10-21)
- Lam Research (LRCX) Set to Report Q1 Fiscal 2027 Earnings Amid Elevated Valuation Concerns (gurufocus.com, 2026-10-20)
- Asian stocks skid on AI worries, Wall Street and bonds aided by oil slip (business-standard.com, 2026-10-19)
- Semiconductor index at 11,137.29, down 3.83% Friday: air pocket or 2008? (financefeeds.com, 2026-10-18)
- Lam Research vs. Applied Materials: Which Buybacks Are Better Covered by Cash? (insidermonkey.com, 2026-10-17)
- We're downgrading this retail stock after a big comeback. Plus, AI names slide again (cnbc.com, 2026-10-16)
- Lam Research Stock: Strong FY27 Setup Makes It A Solid Bet Ahead Of Q1 (NASDAQ:LRCX) (seekingalpha.com, 2026-10-13)
- Lam Research’s Support Revenue Jumped 43%. How Much Protection Does It Offer? (insidermonkey.com, 2026-10-11)
- Jim Cramer Has a Clear Pecking Order for These Three Chip-Equipment Stocks (insidermonkey.com, 2026-10-09)
What people are saying
Follow the LRCX conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — LRCX's position within the Technology sector has shifted this week, with its sector discount rank declining from 152 to 159. The stock maintains an Overvalued valuation verdict according to TickrTrends' derived indicators. This change reflects a modest deterioration in LRCX's relative valuation standing compared to other Technology sector peers.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — LRCX's sector positioning weakened this week as its discount rank within the Technology sector declined to 158 from 149, indicating the stock moved further down in relative valuation standing among its peers. The current valuation verdict remains Overvalued.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — LRCX's relative valuation position improved this week as its sector discount rank moved from 155 to 147 among Technology companies, indicating it has become more competitively priced within its peer group. The company's valuation verdict shifted from Overvalued to Fairly valued, reflecting a change in how TickrTrends' derived indicators assess its current market price relative to fundamental metrics. LRCX now trades at a valuation level considered appropriate relative to the Technology sector.
- 2026-09-21 — LRCX's sector discount rank declined this week, moving from number 150 to number 155 among Technology sector companies, indicating a weakening relative valuation position. The stock maintains an Overvalued valuation verdict according to TickrTrends' derived indicators. This deterioration in rank suggests LRCX has become less attractively valued compared to its Technology sector peers.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is LRCX stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), LRCX is trading at a 10–25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.
What is LRCX's TickrTrends verdict?
LRCX's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.
How does LRCX compare to other Technology stocks?
LRCX ranks #124 of 181 Technology stocks in TickrTrends' coverage by discount to fair value.
Is LRCX overbought or oversold?
LRCX's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does LRCX pay a dividend?
Yes. LRCX paid $1.11 per share over the last twelve months (4 payments), a 0.35% yield on TickrTrends' last price. The last ex-dividend date was 2026-09-23.
Does LRCX usually beat earnings estimates?
Over its last 8 reported quarters LRCX beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about LRCX?
Of 35 analysts covering LRCX, 29 rate it a buy, 6 a hold and 0 a sell - buy-leaning, with a consensus price target of $376 (+17.9% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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