LAM RESEARCH CORP LRCX 76.51
Industrials · NASDAQ · Data as of 2026-10-22
LAM RESEARCH CORP (LRCX) has delivered +10.9% annualized revenue growth, +15.5% earnings growth, and +17.9% dividend growth over 10 years of data. Ranked #161 of 1968 stocks overall and #39 of 442 in the Industrials sector by Steady Score.
About LAM RESEARCH CORP
Company Overview
Lam Research supplies equipment and services used to manufacture semiconductors. Chip producers rely on its systems for thin-film deposition, plasma etching, photoresist removal and wafer cleaning, all of which shape and prepare microscopic layers during fabrication. The company serves memory, foundry and logic manufacturers worldwide, supporting both advanced production processes and the installed base of tools already operating in customer factories.
Read more
Business Model & Revenue
Revenue comes from sales of new wafer-fabrication systems and from customer support for installed equipment. Support revenue includes spare parts, upgrades, services and refurbished tools, creating demand throughout a system's operating life. New-system purchases depend heavily on semiconductor manufacturers' capital spending and technology transitions. Lam works directly with large chipmakers and recognizes equipment revenue when contractual delivery and acceptance requirements are satisfied.
Key Facts & Market Position
Lam concentrates on several technically demanding steps that are repeated as chips add more layers and complex structures. Its installed equipment base connects new tool sales with ongoing parts, service and upgrade activity. A small number of major semiconductor manufacturers account for substantial spending, so revenue can be concentrated and cyclical despite the continuing support business.