What is Lam Research Corp?
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.
The story behind the price, the case for and against, and what could go wrong. Open a part to read it.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical deposition products for copper interconnect transition, which support copper damascene manufacturing; Striker single-wafer atomic layer deposition products for dielectric film solutions; and VECTOR plasma-enhanced chemical vapor deposition (CVD) products. The company is listed on the NASDAQ in USA, operating in the Technology sector, with a market capitalisation of 399.00B, and a P/E ratio of 55.4x.
A short list of Semiconductor Equipment & Materials names that are close enough in size to make side-by-side comparison useful.
| Shares sold | Shares bought | |
|---|---|---|
| 0-3months | 0 | 0 |
| 3-6months | 0 | 0 |
| 6-9months | 5130,886 shares $29.7M | 0 |
| 9-12months | 240,110 shares $6.0M | 0 |
Openbook research
Micron closed fiscal 2026 with USD 133.2bn of revenue and an 87% Q4 non-GAAP gross margin, then guided USD 25bn of capex for the first half.
A Lam Research stock analysis of the etch and deposition maker: fiscal 2026 results, its installed-base service business, and the risks to watch.