Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced CVD products. It also provides Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. Further, it provides Reliant deposition, etch, and clean products; and Sense.i platform products, as well as customer service, spares, and upgrades. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
Semiconductor Titan | Lam Research dominates wafer fabrication equipment market, with strong financials and a 50% return on equity, poised for growth in a $100 billion industry by 2025 |
Innovation Drivers | Explore Lam's "Four Horsemen" technologies, including Gate-All-Around and Advanced Packaging, propelling the company's market share to potentially reach 12.5% by 2028 |
Market Challenges | Delve into Lam's navigation of geopolitical tensions, NAND market dynamics, and industry cyclicality, while maintaining a strong competitive edge in etch technologies |
Future Prospects | Learn about Lam's potential to double earnings power by 2028, with analyst price targets ranging from $90 to $1,200, driven by AI boom and advanced chip demand |
Metrics to compare | LRCX | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipLRCXPeersSector | |
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P/E Ratio | 23.7x | 26.0x | 11.7x | |
PEG Ratio | 0.57 | −0.28 | 0.01 | |
Price/Book | 12.9x | 2.6x | 2.4x | |
Price / LTM Sales | 6.9x | 2.2x | 2.2x | |
Upside (Analyst Target) | 13.9% | 15.6% | 17.2% | |
Fair Value Upside | Unlock | 13.1% | 3.6% | Unlock |