Lam Research manufactures wafer-fabrication equipment used to deposit, etch, and clean materials during semiconductor production. Its systems are central to building three-dimensional memory structures and advanced logic devices with tightly controlled nanoscale features. Revenue includes new equipment and support for the large installed base, including spares, upgrades, and services.
Lam Research Corporation (LRCX) has a MarketKingdoms composite score of 74.2 (B+), an B-range rating. It ranks 81st of 1,866 covered companies, 17th of 176 in Technology (sector average 67.1) and 3rd of 21 in Semiconductor Equipment & Materials. Scores as of 2026-10-26.
Its strongest lenses are Industry opportunity at 92 (Technology average 88) and KPI momentum at 86 (Technology average 84). Its weakest lenses are Price (valuation) at 46 (sector average 50) and Trend (momentum) at 50 (sector average 50).
| Lens | Type | LRCX | Technology average | Semiconductor Equipment & Materials average | Percentile in sector |
|---|---|---|---|---|---|
| Industry opportunity | Research signal | 92 | 88 | 92 | 94th |
| Stock selection | Research signal | 83 | 82 | 85 | 52nd |
| KPI momentum | Research signal | 86 | 84 | 88 | 54th |
| Catalyst watch | Research signal | 78 | 76 | 78 | 52nd |
| Price (valuation) | Fundamental lens | 46 | 50 | 43 | 44th |
| Expansion (growth) | Fundamental lens | 72 | 51 | 56 | 82nd |
| Quality (profitability) | Fundamental lens | 76 | 50 | 47 | 91st |
| Trend (momentum) | Fundamental lens | 50 | 50 | 43 | 51st |
The most recent call analysed was held on 2026-10-21 (fiscal 2027 Q1). MarketKingdoms checks what management promised on each call against what it later delivered.
The stock's valuation gap is -7.3%: its price is below the path its market, sector and industry moves explain (undervalued versus the model path). Factor sensitivity: market beta 1.01, sector beta -0.01, industry beta 0.88; the factor model explains 79% of its moves (R²).
| Company | Composite | Grade | Valuation gap |
|---|---|---|---|
| Teradyne, Inc. (TER) | 74.8 | B+ | -10.7% |
| ASML Holding N.V. (ASML) | 74.7 | B+ | -14.4% |
| Kulicke and Soffa Industries, Inc. (KLIC) | 73.2 | B+ | -1.9% |
| Onto Innovation Inc. (ONTO) | 72.3 | B+ | -35.3% |
| Applied Materials, Inc. (AMAT) | 71.3 | B+ | -9.0% |
| Camtek Ltd. (CAMT) | 70.4 | B+ | -33.5% |
| Ichor Holdings Ltd. (ICHR) | 69.9 | B | -40.2% |
| FormFactor Inc. (FORM) | 69.3 | B | -13.0% |
Lam Research Corporation financial statements · Technology sector ranking · Semiconductor Equipment & Materials industry ranking · All covered companies
The composite score (0–100, graded A+ to D-) blends research signals from each earnings call with fundamental lenses from SEC filings and market prices. Research signals: Industry opportunity, Stock selection, KPI momentum and Catalyst watch, read from what management said and whether it delivered. Fundamental lenses: Price (valuation), Expansion (growth), Quality (profitability) and Trend (momentum). Scores are recalculated every night and after every earnings call. The valuation gap compares the actual price path with the path the stock's market, sector and industry moves explain; it is a model comparison, not a fair-value estimate.
General information, not investment advice.