Lam Research Corporation (NASDAQ: LRCX)
Semiconductor Equipment & Materials · Fremont, CA, United States · Founded 1980
- Market capitalization: $100.0 billion
- Annual revenue: $3.24 billion
- Net income: $5.36 billion
- Employees: 17,700
- Sector: Technology
- Headquarters: Fremont, United States
- Founded: 1980
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Lam Research is a critical semiconductor equipment maker specializing in etch and deposition — two of the most important steps in chip manufacturing. Revenue is about $17 billion annually. As chips get more complex (3D NAND with 200+ layers, advanced logic nodes), Lam's tools become more essential because more etch and deposition steps are required. The company holds dominant market share in its core segments.
Systems revenue (new equipment sales) and Customer Support (spare parts, upgrades, services) split roughly 60/40. The installed base of over 90,000 chambers worldwide generates predictable service revenue. Memory manufacturers (Samsung, SK Hynix, Micron) are major customers, making Lam more exposed to memory cycles than peers. Each additional NAND layer requires more Lam equipment.
David Lam founded the company in 1980 in Fremont, California, initially focused on plasma etch equipment. The company went public in 1984. Lam merged with Novellus Systems in 2012, adding deposition capabilities and creating a more diversified equipment portfolio. CEO Tim Archer has led since 2018, navigating trade restrictions and cyclical swings.
| Market Capitalization | $100.0B |
| Annual Revenue | $3.24B |
| Net Income | $5.36B |
| Profit Margin | 165% |
| Revenue per Employee | $183051K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | LRCX |
Financial data is approximate and based on most recent annual filings.
The transition from 2D to 3D NAND flash memory was a massive windfall for Lam — 3D NAND requires roughly 3-4x more etch steps than 2D. Lam's equipment operates in conditions more extreme than outer space — plasma chambers reach temperatures and pressures that would destroy most materials. The company bought back over $10 billion in stock in just three years.
Lam's leverage to the memory recovery and 3D NAND layer count increases makes it the most cyclical of the big equipment makers. When memory spending rebounds, Lam will outperform — it's a matter of timing, not if.
What is Lam Research Corporation's revenue?
Lam Research Corporation generates approximately $3.24 billion in annual revenue.
How many employees does Lam Research Corporation have?
Lam Research Corporation employs approximately 17,700 people worldwide.
What is Lam Research Corporation's market cap?
Lam Research Corporation (LRCX) has a market capitalization of approximately $100.0 billion on the NASDAQ.
When was Lam Research Corporation founded?
Lam Research Corporation was founded in 1980 and is headquartered in Fremont, CA, United States.
Who is the CEO of Lam Research Corporation?
Tim Archer is the current CEO of Lam Research Corporation.
What is Lam Research Corporation's website?
Lam Research Corporation's official website is lamresearch.com.
| CEO | Tim Archer |
| Sector | Technology |
| Industry | Semiconductor Equipment & Materials |
| Founded | 1980 |
| HQ | Fremont, CA |
| Country | United States |
| Website | lamresearch.com |
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