Lam Research Corporation (LRCX) Stock Analysis
Temp Headwind edge
Technology · Semiconductor Equipment & Materials
Wait for pullback to $252.04. At $281.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $252.04 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company.
Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global semiconductor memory, foundry, and IDM customers. Non-U.S. sales constituted approximately 93% of total revenue in fiscal 2025; Samsung Electronics and TSMC are... Read more
Wait for pullback to $252.04. At $281.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $252.04 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Score 5.8/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 70d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
Recent Developments — Lam Research Corporation
Latest news
- Lam Research Ends March Quarter Like A Lion. Here's Why. - Investor's Business Daily — Investor's Business Daily positive
- LAM RESEARCH ($LRCX) Releases Q3 2026 Earnings, Stock Rises - Quiver Quantitative — Quiver Quantitative positive
- Lam Research Stock Jumps On Q3 Record Revenue, Earnings - Benzinga — Benzinga positive
- Lam Research (NASDAQ:LRCX) Surprises With Q1 Sales, Inventory Levels Improve - StockStory — StockStory positive
- Lam Research perks up as Q3 results, guidance top estimates (LRCX:NASDAQ) - Seeking Alpha — Seeking Alpha positive
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicnon-U.S. sales93%10-K Item 1A: 'Non-U.S. sales...accounted for approximately 93%, 93%, and 91% of total revenue in fiscal years 2025, 2024, and 2023, respectively'
- HIGHCustomerSamsung Electronics Company and Taiwan Semiconductor Manufacturing Company10-K Item 1: 'Our most significant customers during the fiscal years ending June 29, 2025, June 30, 2024, and June 25, 2023 included Samsung Electronics Company, Ltd. and Taiwan Semiconductor Manufacturing Company'
- HIGHSuppliersingle-source components10-K Item 1: 'Certain components and sub-assemblies that we include in our products may only be obtained from a single supplier'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers·2 ceiling hits
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $252.04. At $281.85 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $252.04 (50-day MA) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Target $286.72 (+1.7%), stop $234.40 (−20.2%), Setup A.R:R 2.0:1. Score 5.8/10, moderate confidence.
Take-profit target: $286.72 (+13.8% upside). Target $286.72 (+1.7%), stop $234.40 (−20.2%), Setup A.R:R 2.0:1. Stop-loss: $234.40.
Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company; Analyst target reached - limited upside remaining.
Lam Research Corporation trades at a P/E of 51.6 (forward 34.5). TrendMatrix value score: 2.9/10. Verdict: Buy (Wait for Entry).
41 analysts cover LRCX with a consensus score of 4.0/5. Average price target: $312.
What does Lam Research Corporation do?Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global...
Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global semiconductor memory, foundry, and IDM customers. Non-U.S. sales constituted approximately 93% of total revenue in fiscal 2025; Samsung Electronics and TSMC are the most significant customers.