LRCX
NASDAQ
Semiconductors
$313.30
USD
-$7.66 (-2.39%)
At close: Jul 17, 2026, 4:00 PM EDT
Market Cap:
$375.30B
Volume:
12.8M
Previous Close
$320.96
Day Range
$298.65 - $322.07
52 Week Range
$90.94 - $434.97
Average Volume (10 Days)
11.7M
P/E Ratio (TTM)
55.95
Dividend Yield
0.33%
Lam Research Corp. engages in the design, manufacture, marketing, refurbishment, and provision of semiconductor processing equipment used in the fabrication of integrated circuits. The company is headquartered in Fremont, California and currently employs 19,000 full-time employees. The firm designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, cloud and enterprise servers, wearables, automotive vehicles and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. The company offers services in areas like nanoscale manufacturing enablement, chemistry, plasma and fluidics, and others.
CEO
Mr. Timothy Archer
Headquaters
Fremont, CALIFORNIA, US
Founded
1984
Employees
19,000
ASML, the sole manufacturer of EUV lithography machines required for advanced chip production, reported Q2 2026 earnings showing strong demand from AI infrastructure buildout while facing significant revenue headwinds from tightening U.S. export controls on China. The company raised full-year revenue guidance and outlined plans to increase EUV tool shipments to meet customer demand.
The semiconductor sector dropped roughly 8% in a single-day selloff, marking the 18th such decline since 2011. While some analysts view the pullback as a buying opportunity given the sector's strong recovery track record, others warn that extreme valuations-with median P/E ratios around 70x-leave the industry vulnerable to a larger correction.
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Strategic customer agreements lock in half of future revenue at high margins while supply constraints persist beyond 2027, converting a cyclical memory business into a subscription-like infrastructure model with pricing power intact.
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