Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.
Highlights
The quick ratio is up by 37% since the previous quarter and by 32% year-on-year
Lam Research's EPS has decreased by 16% YoY but it has increased by 2.4% from the previous quarter
The equity has contracted by 14% YoY but it has grown by 3.6% from the previous quarter
LRCX's price to earnings (P/E) is 82% higher than its 5-year quarterly average of 14.6 and 60% higher than its last 4 quarters average of 16.7
The net income has declined by 22% year-on-year
Key stats
What are the main financial stats of LRCX
Market
Shares outstanding
145.16M
Market cap
$55.67B
Enterprise value
$56.54B
Valuations
Price to earnings (P/E)
26.63
Price to book (P/B)
12.3
Price to sales (P/S)
5.8
EV/EBIT
23.21
EV/EBITDA
20.95
EV/Sales
5.88
Earnings
Revenue
$9.61B
EBIT
$2.44B
EBITDA
$2.7B
Free cash flow
$1.98B
Per share
EPS
$14.4
Free cash flow per share
$13.59
Book value per share
$31.18
Revenue per share
$66.17
TBVPS
$77.58
Balance sheet
Total assets
$12.94B
Total liabilities
$8.39B
Debt
$5.09B
Equity
$4.54B
Working capital
$7.3B
Liquidity
Debt to equity
1.12
Current ratio
4.47
Quick ratio
3.72
Net debt/EBITDA
0.32
Margins
EBITDA margin
28.1%
Gross margin
45.9%
Net margin
21.8%
Operating margin
26.4%
Efficiency
Return on assets
17%
Return on equity
45.3%
Return on invested capital
27.8%
Return on capital employed
22.5%
Return on sales
25.3%
Dividend
Dividend yield
1.2%
DPS
$4.6
Payout ratio
31.9%
LRCX stock price
How has the Lam Research stock price performed over time
Financial performance
How have Lam Research's revenue and profit performed over time
Revenue
$9.61B
Gross profit
$4.41B
Operating income
$2.54B
Net income
$2.1B
Gross margin
45.9%
Net margin
21.8%
The net income has declined by 22% year-on-year
The net margin is down by 15% year-on-year
Lam Research's operating income has decreased by 10% YoY but it has increased by 5% QoQ
Lam Research's revenue has decreased by 8% YoY
Valuation
What is Lam Research stock price valuation
P/E
26.63
P/B
12.3
P/S
5.8
EV/EBIT
23.21
EV/EBITDA
20.95
EV/Sales
5.88
LRCX's price to earnings (P/E) is 82% higher than its 5-year quarterly average of 14.6 and 60% higher than its last 4 quarters average of 16.7
Lam Research's EPS has decreased by 16% YoY but it has increased by 2.4% from the previous quarter
The P/B is 186% above the 5-year quarterly average of 4.3 and 62% above the last 4 quarters average of 7.6
The equity has contracted by 14% YoY but it has grown by 3.6% from the previous quarter
LRCX's price to sales (P/S) is 107% higher than its 5-year quarterly average of 2.8 and 61% higher than its last 4 quarters average of 3.6
Lam Research's revenue has decreased by 8% YoY
Efficiency
How efficient is Lam Research business performance
Lam Research's return on invested capital has decreased by 40% YoY and by 4.1% QoQ
LRCX's ROA is down by 25% YoY
Lam Research's ROS has decreased by 6% YoY
The return on equity has grown by 6% since the previous quarter but it has declined by 3% year-on-year
Dividends
What is LRCX's dividend history
DPS
$4.6
Dividend yield
1.2%
Payout ratio
31.9%
Recent dividends
Financial health
How did Lam Research financials performed over time
LRCX's total assets is 54% greater than its total liabilities
The quick ratio is up by 37% since the previous quarter and by 32% year-on-year
The current ratio has grown by 36% from the previous quarter and by 33% YoY
The debt is 12% greater than the equity
Lam Research's debt to equity has increased by 24% YoY and by 11% from the previous quarter
The debt is up by 15% since the previous quarter and by 7% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.