LAM Research Corp.

LRCX · Nasdaq · ·

下次财报：2026年10月28日

US$323.97+3.0%9月29日收盘

1M: +7.4%
6M: +62.3%
1Y: +143.1%
5Y: +452.7%

对比

Lam Research makes equipment and provides services used to manufacture semiconductors.

LAM Research Corp.（LRCX）股票——这是一门好生意吗？ — InspectStocks

LAM Research Corp.

LRCX · Nasdaq · ·

下次财报：2026年10月28日

US$323.97+3.0%9月29日收盘

1M: +7.4%
6M: +62.3%
1Y: +143.1%
5Y: +452.7%

对比

Lam Research makes equipment and provides services used to manufacture semiconductors.

怎么赚钱

Semiconductor manufacturing systems64%
Customer support and other36%

各项收入占比是对quarter ended 2026-03-31的估算，并非来自已提交报告的数字。

竞争对手

ASMIYASM International
240810Wonik IPS
TOELYTokyo Electron
SCRNYSCREEN Holdings

卖什么6

Deposition equipment, including ALTUS, SABRE, Striker, and VECTOR
Machines that put thin layers of metal or insulating material onto a wafer. Those layers form parts of a chip, including its wiring and electrical barriers.
Etch equipment, including Akara, Kiyo, Flex, Vantex, and Syndion
Machines that remove selected material from a wafer to form tiny chip features, including holes, trenches, and wiring patterns.
Wafer-cleaning equipment, including EOS, DV-Prime, Da Vinci, SP Series, and Coronus
Machines that remove particles, residues, and unwanted films from wafer surfaces or wafer edges during chip production.

再显示 3 项

Aether dry-resist equipment
Machines that apply and develop a dry photoresist film used to create fine patterns on a wafer.
Advanced packaging equipment, including SABRE 3D and Syndion
Machines used to make connections through silicon and plate copper for packaging chips together, including in stacked-memory packages.
Customer support products and services
Spare parts, upgrades, equipment servicing, monitoring tools, and new or refurbished Reliant machines for manufacturing steps that do not need the newest equipment.

谁在买3

Semiconductor memory manufacturers, foundries, and integrated device manufacturers buy wafer-processing machines for their chip factories.
Named significant customers include Micron Technology, Samsung Electronics, SK hynix, and Taiwan Semiconductor Manufacturing Company.
Customers also buy spare parts, upgrades, and service for Lam equipment already installed in their factories.

靠什么支撑，什么会击垮它

业务依赖什么

1Demand depends on semiconductor manufacturers’ spending on factory equipment, which is affected by their business conditions, chip demand, and available factory capacity.
2Some parts and subassemblies can be obtained from only one supplier, so a prolonged supply interruption could affect production and customer deliveries.
3A substantial portion of sales and operations are outside the United States, and sales to customers in China are affected by export-license requirements and other trade rules.

可能出什么问题

1After a manufacturer qualifies a competitor’s equipment for a particular production step, it may continue buying that equipment, making it harder for Lam to sell to that customer for that use.
2Changes in semiconductor industry spending or broader economic conditions can cause rapid increases or declines in equipment demand and affect Lam’s results.
3Export controls and other government actions affecting China can restrict sales of Lam equipment and spare parts to customers there.

完整财务报表 →

与同行业相比处在什么位置

三项评分，每一项都是相对我们在Semiconductor Equipment and Materials覆盖的 30 家公司的百分位。刻意分开而不揉成一个总分：便宜、上涨和经营得好是三件不同的事，一个数字会把它们是哪一件藏起来。

动量

82在同行业中满分 100

接近同行业顶部

截至一个月前的 12 个月203.1%

截至一个月前的 6 个月29.3%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

37在同行业中满分 100

低于行业内多数公司

每单位价格对应的利润1.79%

每单位价格对应的现金1.21%

每单位价格对应的营收5.73%

每单位价格对应的资产3.08%

整个企业对应的经营利润2.16%

这些是收益率，所以数值越高越便宜——亏损的公司会排在最后，而不是被剔除。便宜不等于好：高收益率往往意味着股价是有原因才跌下来的。五项指标齐全。

资本配置

4/5大体克制

1 项检验未披露

资本回报率43.5%

股东回报率1.26%

股本数量，3 年-7.9%

净债务 / EBITDA-0.55x

内部人，12 个月-US$71.3M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报投入资本回报 43.5%
债务与盈利之比现金多于债务
回馈给股东的现金每年 1.3% 用于回购和分红
三年间的股本数量三年间股本数量减少 7.9%
现金流对派付的覆盖派付多于赚取
内部人在公开市场的买入净卖出 US$71.3M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于LAM Research Corp.

Lam sells machines that add thin material layers to silicon wafers, shape tiny features in those layers, and clean the wafers during chip production. Its customers are semiconductor manufacturers that make memory, logic, and other chips. Lam also sells spare parts, equipment upgrades, and services for machines already in customers’ factories.

总部: Fremont, California, United States
成立于: 1980
员工人数: approximately 23,300 (as of 2026-08-04, high)
上市于: NASDAQ
财年结束: June (the fiscal year ended 2026-06-28)

基于 LAM Research Corp. 自己向 SEC 提交的申报文件。数字如实呈报，每股历史已重述到今天的股数口径。这是对一门生意的描述——不是投资建议，也不是买卖任何证券的推荐。

怎么赚钱

Semiconductor manufacturing systems64%
Customer support and other36%

各项收入占比是对quarter ended 2026-03-31的估算，并非来自已提交报告的数字。

竞争对手

ASMIYASM International
240810Wonik IPS
TOELYTokyo Electron
SCRNYSCREEN Holdings

卖什么6

Deposition equipment, including ALTUS, SABRE, Striker, and VECTOR
Machines that put thin layers of metal or insulating material onto a wafer. Those layers form parts of a chip, including its wiring and electrical barriers.
Etch equipment, including Akara, Kiyo, Flex, Vantex, and Syndion
Machines that remove selected material from a wafer to form tiny chip features, including holes, trenches, and wiring patterns.
Wafer-cleaning equipment, including EOS, DV-Prime, Da Vinci, SP Series, and Coronus
Machines that remove particles, residues, and unwanted films from wafer surfaces or wafer edges during chip production.

再显示 3 项

Aether dry-resist equipment
Machines that apply and develop a dry photoresist film used to create fine patterns on a wafer.
Advanced packaging equipment, including SABRE 3D and Syndion
Machines used to make connections through silicon and plate copper for packaging chips together, including in stacked-memory packages.
Customer support products and services
Spare parts, upgrades, equipment servicing, monitoring tools, and new or refurbished Reliant machines for manufacturing steps that do not need the newest equipment.

谁在买3

Semiconductor memory manufacturers, foundries, and integrated device manufacturers buy wafer-processing machines for their chip factories.
Named significant customers include Micron Technology, Samsung Electronics, SK hynix, and Taiwan Semiconductor Manufacturing Company.
Customers also buy spare parts, upgrades, and service for Lam equipment already installed in their factories.

靠什么支撑，什么会击垮它

业务依赖什么

1Demand depends on semiconductor manufacturers’ spending on factory equipment, which is affected by their business conditions, chip demand, and available factory capacity.
2Some parts and subassemblies can be obtained from only one supplier, so a prolonged supply interruption could affect production and customer deliveries.
3A substantial portion of sales and operations are outside the United States, and sales to customers in China are affected by export-license requirements and other trade rules.

可能出什么问题

1After a manufacturer qualifies a competitor’s equipment for a particular production step, it may continue buying that equipment, making it harder for Lam to sell to that customer for that use.
2Changes in semiconductor industry spending or broader economic conditions can cause rapid increases or declines in equipment demand and affect Lam’s results.
3Export controls and other government actions affecting China can restrict sales of Lam equipment and spare parts to customers there.

完整财务报表 →

与同行业相比处在什么位置

动量

82在同行业中满分 100

接近同行业顶部

截至一个月前的 12 个月203.1%

截至一个月前的 6 个月29.3%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

37在同行业中满分 100

低于行业内多数公司

每单位价格对应的利润1.79%

每单位价格对应的现金1.21%

每单位价格对应的营收5.73%

每单位价格对应的资产3.08%

整个企业对应的经营利润2.16%

资本配置

4/5大体克制

1 项检验未披露

资本回报率43.5%

股东回报率1.26%

股本数量，3 年-7.9%

净债务 / EBITDA-0.55x

内部人，12 个月-US$71.3M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报投入资本回报 43.5%
债务与盈利之比现金多于债务
回馈给股东的现金每年 1.3% 用于回购和分红
三年间的股本数量三年间股本数量减少 7.9%
现金流对派付的覆盖派付多于赚取
内部人在公开市场的买入净卖出 US$71.3M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于LAM Research Corp.

总部: Fremont, California, United States
成立于: 1980
员工人数: approximately 23,300 (as of 2026-08-04, high)
上市于: NASDAQ
财年结束: June (the fiscal year ended 2026-06-28)

怎么赚钱

竞争对手

卖什么6

谁在买3

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于LAM Research Corp.

怎么赚钱

竞争对手

卖什么6

谁在买3

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于LAM Research Corp.

成长与现金——5 项中通过 4 项