🚀 VC round data is live in beta, check it out!
Lam Research Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lam Research and similar public comparables like Applied Materials, AMD, Intel, CATL and more.
Lam Research Overview
About Lam Research
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.
Founded
1989
HQ
Employees
19.0K
Website
Financials (LTM)
EV
$287B
Lam Research Financials
Lam Research reported last 12-month revenue of $21B and EBITDA of $8B.
In the same LTM period, Lam Research generated $11B in gross profit, $8B in EBITDA, and $6B in net income.
Revenue (LTM)
Lam Research P&L
In the most recent fiscal year, Lam Research reported revenue of $18B and EBITDA of $7B.
Lam Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $21B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | $11B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $8B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $6B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 29% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lam Research Stock Performance
Lam Research has current market cap of $288B, and enterprise value of $287B.
Market Cap Evolution
Lam Research's stock price is $231.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $287B | $288B | 0.0% | XXX | XXX | XXX | $4.29 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialLam Research Valuation Multiples
Lam Research trades at 13.5x EV/Revenue multiple, and 37.8x EV/EBITDA.
EV / Revenue (LTM)
Lam Research Financial Valuation Multiples
As of March 22, 2026, Lam Research has market cap of $288B and EV of $287B.
Equity research analysts estimate Lam Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lam Research has a P/E ratio of 45.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $288B | XXX | $288B | XXX | XXX | XXX |
| EV (current) | $287B | XXX | $287B | XXX | XXX | XXX |
| EV/Revenue | 13.5x | XXX | 15.6x | XXX | XXX | XXX |
| EV/EBITDA | 37.8x | XXX | 44.0x | XXX | XXX | XXX |
| EV/EBIT | 39.7x | XXX | 48.1x | XXX | XXX | XXX |
| EV/Gross Profit | 27.2x | XXX | 31.9x | XXX | XXX | XXX |
| P/E | 45.6x | XXX | 53.8x | XXX | XXX | XXX |
| EV/FCF | 54.1x | XXX | 53.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lam Research Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Lam Research Margins & Growth Rates
Lam Research's revenue in the last 12 month grew by 24%.
Lam Research's revenue per employee in the last FY averaged $1.1M.
Lam Research's rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lam Research's rule of X is 95% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Lam Research Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | — | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 17% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lam Research Public Comps
See public comps and valuation multiples for other Semiconductors and AI Chips & Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Applied Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| AMD | XXX | XXX | XXX | XXX | XXX | XXX |
| Intel | XXX | XXX | XXX | XXX | XXX | XXX |
| CATL | XXX | XXX | XXX | XXX | XXX | XXX |
| KLA | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lam Research M&A Activity
Lam Research acquired XXX companies to date.
Last acquisition by Lam Research was on XXXXXXXX, XXXXX. Lam Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lam Research
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialLam Research Investment Activity
Lam Research invested in XXX companies to date.
Lam Research made its latest investment on XXXXXXXX, XXXXX. Lam Research invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lam Research
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Lam Research
| When was Lam Research founded? | Lam Research was founded in 1989. |
| Where is Lam Research headquartered? | Lam Research is headquartered in United States. |
| How many employees does Lam Research have? | As of today, Lam Research has over 19K employees. |
| Who is the CEO of Lam Research? | Lam Research's CEO is Timothy M. Archer. |
| Is Lam Research publicly listed? | Yes, Lam Research is a public company listed on Nasdaq. |
| 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? | Lam Research main competitors are Applied Materials, AMD, Intel, CATL. |
| What is the current market cap of Lam Research? | Lam Research's current market cap is $288B. |
| What is the current revenue of Lam Research? | Lam Research's last 12 months revenue is $21B. |
| What is the current revenue growth of Lam Research? | Lam Research revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Lam Research? | Current revenue multiple of Lam Research is 13.5x. |
| Is Lam Research profitable? | Yes, Lam Research is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lam Research? | Lam Research's last 12 months EBITDA is $8B. |
| What is Lam Research's EBITDA margin? | Lam Research's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Lam Research? | Current EBITDA multiple of Lam Research is 37.8x. |
| What is the current FCF of Lam Research? | Lam Research's last 12 months FCF is $5B. |
| What is Lam Research's FCF margin? | Lam Research's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of Lam Research? | Current FCF multiple of Lam Research is 54.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.