OverviewSuggest Edit

Lam Research is a supplier of semiconductor manufacturing equipment and services to chipmaking companies. The Company offers transistor, interconnect, patterning, advanced memory, and chip packaging solutions, as well as provides sensors and transducers, analog and mixed signal, discretes and power devices, optoelectronics and photonics solutions. It leverages an advanced process technology, comprising deposition, etching, strip and clean techniques, and mass metrology.

TypePublic
Founded1980
HQFremont, US
Websitelamresearch.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Aug 2018)10,900(+16%)
Job Openings250
Revenue (FY, 2018)$11.1 B(+39%)
Share Price (Oct 2019)$236.1

Key People/Management at Lam Research

Tim Archer

Tim Archer

President, CEO
Jerry Davis

Jerry Davis

VP, Chief Security Officer
Robert Hawthorne

Robert Hawthorne

Chief Information Officer
Doug Bettinger

Doug Bettinger

Executive Vice President and Chief Financial Officer
Rick Gottscho

Rick Gottscho

Executive Vice President and Corporate Chief Technology Officer
Pat Lord

Pat Lord

SVP, Manager, Customer Support Business Group
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Lam Research Office Locations

Lam Research has offices in Fremont, Albany, Albuquerque, Austin and in 56 other locations
Fremont, US (HQ)
4650 Cushing Pkwy
Albany, US
255 Fuller Rd #106
Albuquerque, US
100 Sun Ave NE #603
Austin, US
12345 N Lamar Blvd #150
Ballston Spa, US
107 Hermes Rd #200
Boise, US
9179 W Black Eagle Dr
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Lam Research Financials and Metrics

Lam Research Revenue

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Lam Research's revenue was reported to be $11.08 b in FY, 2018
USD

Revenue (Q3, 2019)

2.4b

Gross profit (Q3, 2019)

1.1b

Gross profit margin (Q3, 2019), %

44%

Net income (Q3, 2019)

547.4m

EBIT (Q3, 2019)

565.5m

Market capitalization (17-Oct-2019)

34.2b

Closing stock price (17-Oct-2019)

236.1

Cash (31-Mar-2019)

4.9b
Lam Research's current market capitalization is $34.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

4.6b5.3b5.9b8.0b11.1b

Revenue growth, %

14%12%

Cost of goods sold

2.6b3.0b3.3b4.4b5.9b

Gross profit

2.0b2.3b2.6b3.6b5.2b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.0b1.1b1.2b1.2b1.2b1.4b1.6b1.4b1.3b1.6b1.9b2.2b2.5b2.6b2.9b2.3b2.5b2.4b

Cost of goods sold

583.2m628.3m696.6m646.8m695.6m792.7m877.7m799.0m742.8m916.2m1.0b1.2b1.3b1.4b1.6b1.3b1.4b1.4b

Gross profit

431.9m487.8m530.8m505.5m536.7m600.6m722.4m626.5m571.3m716.2m846.8m971.4m1.1b1.2b1.3b1.1b1.1b1.1b

Gross profit Margin, %

43%44%43%44%44%43%45%44%43%44%45%45%46%47%46%45%45%44%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.5b1.5b5.0b2.4b4.5b

Inventories

740.5m943.3m971.9m1.2b1.9b

Current Assets

4.8b6.3b9.2b9.1b9.1b

PP&E

543.5m621.4m639.6m685.6m902.5m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

1.2b1.1b1.3b1.3b981.3m1.6b1.7b2.0b2.2b5.9b2.5b2.1b2.4b1.7b4.7b2.6b3.4b4.9b

Inventories

614.8m661.6m717.4m815.6m913.4m919.7m916.7m879.8m934.9m931.6m1.0b1.1b1.3b1.5b1.7b1.9b1.7b1.6b

Current Assets

3.9b4.2b4.4b4.7b4.9b6.1b6.5b6.7b6.9b9.6b8.5b8.9b9.2b9.7b10.4b7.5b7.4b9.4b

PP&E

564.8m546.2m552.6m555.7m585.4m579.8m636.8m643.7m664.4m649.6m672.6m675.7m745.6m807.3m826.5m951.4m1.0b1.0b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

632.3m655.6m914.0m1.7b2.4b

Depreciation and Amortization

291.0m306.9m326.4m

Inventories

(190.1m)(207.5m)(66.4m)(307.9m)(701.0m)

Accounts Payable

18.7m76.6m41.6m126.8m35.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

85.5m234.5m398.9m141.1m176.9m206.3m288.7m511.7m655.1m263.8m596.6m1.2b590.7m580.7m1.4b533.4m1.1b1.6b

Depreciation and Amortization

74.3m147.9m221.1m67.9m70.6m142.4m216.1m74.6m151.6m227.9m79.1m159.0m241.3m79.8m161.6m243.9m

Inventories

916.7m879.8m934.9m931.6m1.0b1.1b

Accounts Payable

254.3m231.0m373.2m349.7m445.1m473.4m
USDY, 2019

Financial Leverage

2.4 x
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Lam Research Operating Metrics

Lam Research's Backlog was reported to be $1.4b in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$866 m$880 m$1.37 b
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Lam Research Revenue Breakdown

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Lam Research revenue breakdown by geographic segment: 25.2% from Taiwan, 18.0% from Korea, 17.7% from China, 16.7% from Japan, 10.3% from Southeast Asia, 8.4% from United States and 3.7% from Other

Lam Research Online and Social Media Presence

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Lam Research News and Updates

Stocks This Week: Buy Adobe And Lam Research

Here are a pair of buy recommendations from the NASDAQ.

Lam Research stock rises after Evercore turns bullish

Shares of Lam Research Corp. are up 0.6% in premarket trading Tuesday after Evercore ISI analyst C.J. Muse upgraded the stock to outperform from in-line. "As we look to earnings power of $16.50 into CY20 followed by potential path to $20 in CY21 largely on mix and service growth, we think Lam is ri…

Lam Research Corporation Announces Increase in Quarterly Dividend

FREMONT, Calif., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a $0.05 increase in its quarterly dividend from $1.10 to $1.15 per share of common stock. The dividend payment will be made October 16, 2019 to holder…

Lam Research earnings cut nearly in half amid chip inventory glut

Lam Research Corp.'s earnings were nearly cut in half from last year in its fiscal fourth quarter, according to an earnings report released Wednesday, but still beat downgraded expectations amid a chip glut. Shares in the semiconductor-equipment supplier initially fell about 2% in late trading afte…

Applied Materials, Lam Research stocks rise after Goldman turns bullish

Goldman Sachs analyst Toshiya Hari upgraded Applied Materials Inc. and Lam Research Corp. shares to buy from neutral on Monday, while also upgrading KLA Corp. shares to neutral from sell. His increasing conviction on the sector reflects his view that the memory market is showing early signs of st…

Applied Materials, Lam Research stocks fall after D.A. Davidson downgrades

Shares of Applied Materials Inc. and Lam Research Inc. are falling in premarket trading Monday after D.A. Davidson analyst Thomas Diffely cut his ratings on both stocks to sell as part of a broader downgrade of the chip-equipment industry. " We are moving to a neutral stance on the semico…
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Lam Research Blogs

Stepping Up for Wellness

At Lam, we want our employees to feel well, so they can perform at their best. With our active employee base participating in running events and rowing competitions across the globe, we’re certainly taking the time to keep fit. Take a look at how our employees got active this past season.

Atomic-Scale Processing and More at AVS Symposium

The science and technology of materials, interfaces, and processing will be in the spotlight at the AVS 66th International Symposium and Exhibition, being held October 20-25 in Columbus, Ohio. This flagship event includes technical talks, focus topics on emerging technologies, short courses in vacuu…

Electrochemistry Conference Preview

The fall meeting of the Electrochemical Society will be held October 13-17 in Atlanta, Georgia. A forum for the latest scientific and technical developments in both electrochemistry and solid state science and technology, the biannual meeting features technical symposia, presentations, and poster se…

SEDEX 2019: Semiconductor Industry Showcase

The 21st Semiconductor Exhibition (SEDEX) will be held this year at COEX in Seoul, Korea, October 8-11. The tradeshow will cover the full spectrum of ...

Lam Celebrates Employees’ Children Across the Globe

At Lam Research, having a balanced home and family life are integral to being a place where successful people want to work. That philosophy is ...

Tech Brief: Scaling Down and Up

You don’t have to look very far in the semiconductor world before you see the word “scaling.” Perhaps you read an industry news article headline ...
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Lam Research Frequently Asked Questions

  • When was Lam Research founded?

    Lam Research was founded in 1980.

  • Who are Lam Research key executives?

    Lam Research's key executives are Tim Archer, Jerry Davis and Robert Hawthorne.

  • How many employees does Lam Research have?

    Lam Research has 10,900 employees.

  • What is Lam Research revenue?

    Latest Lam Research annual revenue is $11.1 b.

  • What is Lam Research revenue per employee?

    Latest Lam Research revenue per employee is $1 m.

  • Who are Lam Research competitors?

    Competitors of Lam Research include Applied Materials, KLA-Tencor and ASML.

  • Where is Lam Research headquarters?

    Lam Research headquarters is located at 4650 Cushing Pkwy, Fremont.

  • Where are Lam Research offices?

    Lam Research has offices in Fremont, Albany, Albuquerque, Austin and in 56 other locations.

  • How many offices does Lam Research have?

    Lam Research has 77 offices.