LRCX — Lam Research Corporation
Etch and deposition equipment company; reactive-ion etch (RIE) and atomic layer deposition (ALD) tools relevant to superconducting qubit fabrication (niobium resonator patterning, dielectric gap-layer deposition).
Coiled
19
52w range compression, breakout-adjusted
Watched
100
7-day news volume + tape quietness
Sound
100
Margins, growth, FCF composite
Critical
77
Supply-chain concentration × demand
Pressure
69
Pricing Power
50.0%
Filling fast
Financials
Numbers on the wire.
Market cap
$371.6B
P/E (TTM)
51.20
P/S (TTM)
15.84
EV / EBITDA
57.03
Gross margin
49.98%
Op margin
34.26%
Net margin
30.94%
FCF margin
—
Rev growth YoY
26.53%
EPS growth YoY
47.61%
ROE
65.79%
ROA
31.41%
Debt / Equity
0.35
Current ratio
2.54
Price / Book
23.62
Beta
1.84
Source: Finnhub. TTM = trailing twelve months.
Supply Chain
Layer Presence.
Our take
Lam Research's etch and deposition tools are used in superconducting qubit fabrication for resonator patterning and passivation layers. Quantum is a rounding error of LRCX's ~$17B revenue today. Similar optionality profile to AMAT. Risk: decade-scale timeline to commercial foundry volumes.
Recent filings
From the EDGAR wire.
News
From the tape.
- YahooLam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
- ChartMillPeace Hopes, Chip Fireworks, and a Disney Encore
- YahooSemiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
- YahooShould You Buy, Sell or Hold AMAT Stock at a P/S Valuation of 9.39X?
- BenzingaMichael Burry's Chip Short Just Got Wilder: SOXX Went From 43% Above Trend To 60%
- BenzingaElon Musk Plans To Spend Up To $119 Billion On Chip Plant To Take On TSMC