Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
1989
17.4K+
LTM Revenue $16.7B
LTM EBITDA $5.4B
$105B
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Lam Research has a last 12-month revenue of $16.7B and a last 12-month EBITDA of $5.4B.
In the most recent fiscal year, Lam Research achieved revenue of $14.9B and an EBITDA of $4.9B.
Lam Research expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Lam Research valuation multiples based on analyst estimatesFY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $17.2B | $17.4B | $14.9B | $16.7B | XXX |
Gross Profit | $7.9B | $7.8B | $7.1B | XXX | XXX |
Gross Margin | 46% | 45% | 47% | XXX | XXX |
EBITDA | $5.7B | $5.6B | $4.9B | $5.4B | XXX |
EBITDA Margin | 33% | 32% | 33% | 33% | XXX |
Net Profit | $4.6B | $4.5B | $3.8B | XXX | XXX |
Net Margin | 27% | 26% | 26% | XXX | XXX |
Net Debt | $1.4B | n/a | n/a | XXX | XXX |
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As of February 10, 2025, Lam Research's stock price is $82.
Lam Research has current market cap of $106B, and EV of $105B.
See Lam Research trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$105B | $106B | XXX | XXX | XXX | XXX | $3.47 |
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Sign UpAs of February 10, 2025, Lam Research has market cap of $106B and EV of $105B.
Lam Research's trades at 6.3x LTM EV/Revenue multiple, and 19.3x LTM EBITDA.
Analysts estimate Lam Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lam Research and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $105B | XXX | XXX | XXX |
EV/Revenue | 6.4x | XXX | XXX | XXX |
EV/EBITDA | 19.5x | XXX | XXX | XXX |
P/E | 24.4x | XXX | XXX | XXX |
P/E/Growth | 2.1x | XXX | XXX | XXX |
EV/FCF | 23.9x | XXX | XXX | XXX |
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Sign UpLam Research's NTM/LTM revenue growth is 9%
Lam Research's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Lam Research's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lam Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lam Research and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | -14% | XXX | XXX | XXX | XXX |
EBITDA Margin | 33% | XXX | XXX | XXX | XXX |
EBITDA Growth | -13% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 42% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
Opex to Revenue | 19% | XXX | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
ASM International | XXX | XXX | XXX | XXX | XXX | XXX |
ASML | XXX | XXX | XXX | XXX | XXX | XXX |
Besi | XXX | XXX | XXX | XXX | XXX | XXX |
4DS Memory | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lam Research acquired XXX companies to date.
Last acquisition by Lam Research was XXXXXXXX, XXXXX XXXXX XXXXXX . Lam Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was Lam Research founded? | Lam Research was founded in 1989. |
Where is Lam Research headquartered? | Lam Research is headquartered in United States of America. |
How many employees does Lam Research have? | As of today, Lam Research has 17.4K+ employees. |
Who is the CEO of Lam Research? | Lam Research's CEO is Mr. Timothy M. Archer. |
Is Lam Research publicy listed? | Yes, Lam Research is a public company listed on NAS. |
What is the stock symbol of Lam Research? | Lam Research trades under LRCX ticker. |
When did Lam Research go public? | Lam Research went public in 1984. |
Who are competitors of Lam Research? | Similar companies to Lam Research include e.g. ASM International, ASML, Besi, 4DS Memory. |
What is the current market cap of Lam Research? | Lam Research's current market cap is $106B |
What is the current revenue of Lam Research? | Lam Research's last 12-month revenue is $16.7B. |
What is the current EBITDA of Lam Research? | Lam Research's last 12-month EBITDA is $5.4B. |
What is the current EV/Revenue multiple of Lam Research? | Current revenue multiple of Lam Research is 6.3x. |
What is the current EV/EBITDA multiple of Lam Research? | Current EBITDA multiple of Lam Research is 19.3x. |
What is the current revenue growth of Lam Research? | Lam Research revenue growth between 2023 and 2024 was -14%. |
Is Lam Research profitable? | Yes, Lam Research is EBITDA-positive (as of the last 12 months). |
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