Lam Research

Lam Research Corp. is a supplier of semiconductor manufacturing equipment and services to the world’s chipmakers. The Company's advanced process technology is transforming the way semiconductor devices are made, with atomic-scale features that are more than 1,000 times smaller than a grain of sand. Lam collaborates with customers to help them build smaller, faster, and more power-efficient devices that drive technology into everyday life. The Company focuses on solid product performance and value, continuous innovation, and a values-based culture that delivers on its commitments.

Company Growth (employees)
Type
Public
HQ
Fremont, US
Founded
1980
Size (employees)
7,500 (est)
Lam Research was founded in 1980 and is headquartered in Fremont, US

Lam Research Office Locations

Lam Research has an office in Fremont
Fremont, US (HQ)
4650 Cushing Pkwy

Lam Research Data and Metrics

Lam Research Financial Metrics

Lam Research's revenue was reported to be $5.9 b in FY, 2016 which is a 12% increase from the previous period.
USD

Revenue (FY, 2016)

5.9 b

Revenue growth (FY, 2015 - FY, 2016), %

12%

Gross profit (FY, 2016)

2.6 b

Gross profit margin (FY, 2016), %

44%

Net income (FY, 2016)

914 m

EBIT (FY, 2016)

1.1 b

Market capitalization (23-Jun-2017)

24.5 b

Closing share price (23-Jun-2017)

150

Cash (31-Dec-2016)

5 b

EV

23.8 b
Lam Research's current market capitalization is $24.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

4.6 b5.3 b5.9 b

Revenue growth, %

14%12%

Cost of goods sold

2.6 b3 b3.3 b

Gross profit

2 b2.3 b2.6 b

Gross profit Margin, %

44%43%44%

Operating expense total

1.3 b1.5 b1.5 b

EBIT

677.7 m788 m1.1 b

EBIT margin, %

15%15%18%

Pre tax profit

723.4 m740.9 m960.1 m

Income tax expense

91.1 m(85.3 m)(46.1 m)

Net Income

632.3 m655.6 m914 m
USDFY, 2014FY, 2015FY, 2016

Cash

1.5 b1.5 b5 b

Inventories

740.5 m943.3 m971.9 m

Current Assets

4.8 b6.3 b9.2 b

PP&E

543.5 m621.4 m639.6 m

Goodwill

1.5 b1.4 b1.4 b

Total Assets

8 b9.4 b12.3 b

Accounts Payable

223.5 m300.2 m348.2 m

Total Debt

1.3 b2.4 b4.3 b

Current Liabilities

1.6 b2.6 b2.4 b

Additional Paid-in Capital

5.2 b5.4 b5.6 b

Retained Earnings

3.6 b4.1 b4.8 b

Total Equity

5 b5.1 b5.9 b

Debt to Equity Ratio

0.3 x0.5 x0.7 x

Debt to Assets Ratio

0.2 x0.3 x0.4 x

Financial Leverage

1.6 x1.8 x2.1 x
USDFY, 2014FY, 2015FY, 2016

Net Income

632.3 m655.6 m914 m

Inventories

(190.1 m)(207.5 m)(66.4 m)

Accounts Payable

18.7 m76.6 m41.6 m

Cash From Operating Activities

717 m785.5 m1.4 b

Capital Expenditures

(145.5 m)(198.3 m)(175.3 m)

Cash From Investing Activities

(265.2 m)(1.1 b)592.5 m

Cash From Financing Activities

(162.7 m)378.5 m1.6 b

Free Cash Flow

571.5 m587.2 m1.2 b
USDY, 2016

EV/EBIT

22.1 x

EV/CFO

17.6 x

EV/FCF

20.2 x

Revenue/Employee

795.4 k

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x

Lam Research Operating Metrics

Lam Research's Order Book was reported to be $1.4 b in FY, 2016, which is a 56% increase from the previous period
FY, 2015FY, 2016

Order Book

$880 m$1.37 b

Lam Research Market Value History

Lam Research Revenue Breakdown

Lam Research Median Salaries

Source: 335 public H-1B filings from Lam Research

Lam Research Online and Social Media Presence

Lam Research News and Updates

Lam Research Company Life and Culture

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