TechnologySemiconductor Equipment & MaterialsUnited States

LRCX.US · Lam Research Corporation

NMS · US · USD

Latest price267.78美元

30D+26.19%

Vs. base value+553%

Research summary

LRCX.US latest organized financial period shows revenue year-over-year comparison is not complete and net income up 0% year over year. Current price is about 267.78美元, while the model base case is about 41.04美元; the price is 553% from the base case. This summary is intended for public-information research and model review.

Key financial trend

Unit: 美元

80 records

Revenue184.4亿美元

Net income53.58亿美元

Free cash flow54.14亿美元

Operating cash flow61.73亿美元

Price trend

Price date: 2026/04/23 · Updated: 2026/04/25 07:52

Valuation model range

Hover each model row to inspect formulas and inputs.

Current price267.78美元

Base value41.04美元

Vs. base+553%

Price date2026/04/23

41.04美元41.04美元42.87美元

+552%

Calculated

DCF

Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.

51.99美元51.07美元57.23美元

+424%

51.07美元Current price is 424.3% above the base model value.

FormulaValue/share = PV(FCF/share for 10 years) + PV(terminal value)Inputs used

Result: 51.07美元
Current price: 267.78美元
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Bear value: 51.99美元
Base value: 51.07美元
Bull value: 57.23美元
基准 FCF/股：4.19
基准增长：-0.5%
WACC：9.5%
永续增长：3.0%

Calculated

Owner Earnings

Uses recent net income as an owner-earnings proxy and discounts scenario growth.

47.59美元47.59美元51.25美元

+463%

47.59美元Current price is 462.7% above the base model value.

FormulaValue/share = PV(owner earnings/share) + PV(terminal value)Inputs used

Result: 47.59美元
Current price: 267.78美元
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Bear value: 47.59美元
Base value: 47.59美元
Bull value: 51.25美元
近 3 年净利润均值近似所有者收益
基准增长：0.0%
WACC：9.5%

Calculated

Reverse DCF

Solves the forward FCF growth rate implied by the current price.

---

21.6%当前价格隐含未来 FCF 年化增长约 21.6%。

FormulaSolve growth where DCF value/share = current priceInputs used

Result: 21.6%
Current price: 267.78美元
Estimated shares: 1,291,136,627
Discount rate: 9.5%
基准 FCF/股：4.19
WACC：9.5%
永续增长：3.0%

Calculated

Earnings Power Value

Estimates earnings power value without assuming growth.

34.49美元34.49美元34.49美元

+676%

34.49美元Current price is 676.4% above the base model value.

FormulaEPV/share = normalized NOPAT / WACC / sharesInputs used

Result: 34.49美元
Current price: 267.78美元
Estimated shares: 1,291,136,627
Discount rate: 9.5%
Base value: 34.49美元
近 3 年营业利润均值
有效税率按 21% 估算
WACC：9.5%

Updated: 2026/04/25 07:52

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Quarterly and annual financial table

Financial DetailsShowing latest 5 / 80

Period	Type	Revenue	Net Income	Free Cash Flow	Diluted EPS
2025/06/29	Annual	184.4亿美元	53.58亿美元	54.14亿美元	4.15
2025/06/28	Annual	-	53.58亿美元	61.73亿美元	4.15
2024/06/29	Annual	-	38.28亿美元	46.52亿美元	29
2023/06/29	Annual	174.3亿美元	45.11亿美元	46.77亿美元	3.32
2023/06/24	Annual	-	45.11亿美元	51.79亿美元	33.21

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