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L
LRCX
Lam Research Corp
97
POWER
★ LegendaryIndustrials⚡ 1 event
LRCX
Revenue
$6.7B
+30%
Operating income
$2.5B
+44%
Operating cash flow
$5.9B
-5.1%

“Lam Research makes the etch and deposition equipment that chipmakers use to build memory and logic chips.”

Growth
25/25
Profit
25/25
Cash
17/20
Fortress
15/15
Dilution
15/15
💸 Insider selling
10-K · 2026-06-28TAP TO FLIP ↻
L
LRCX
★ Legendary

🐂 Bull

  • AI and advanced memory need more etch and deposition steps
  • 37% GAAP operating margin last quarter
  • Revenue grew +30% YoY last quarter ($5.2B → $6.7B)

🐻 Bear

  • Chip-equipment spending is cyclical and exposed to China export rules
  • Insiders sold ~$97M in open-market trades since 2026-04-18

What changed

Quarter revenue $6.7B, +30% YoY; operating income $2.5B vs $1.7B a year ago (+44%).

⚔️ Battle LRCX

LRCX · Lam Research Corp

Industrials · ★ Legendary · Power 97/100 · CIK 0000707549

What it does

Lam Research makes the etch and deposition equipment that chipmakers use to build memory and logic chips.

What changed

10-K for the period ending 2026-06-28, filed 2026-08-07 0000707549-26-000037

Quarter revenue $6.7B, +30% YoY; operating income $2.5B vs $1.7B a year ago (+44%).

  • Revenue (qtr to 2026-06-28): $6.7B (+30% YoY) 0000707549-26-000037
  • Operating income (qtr to 2026-06-28): $2.5B (+44% YoY) 0000707549-26-000037
  • Operating cash flow (FY to 2026-06-28): $5.9B (-5.1% YoY) 0000707549-26-000037

🐂 Bull case

  • AI and advanced memory need more etch and deposition steps
  • 37% GAAP operating margin last quarter 0000707549-26-000037
  • Revenue grew +30% YoY last quarter ($5.2B → $6.7B) 0000707549-26-000037

🐻 Bear case

  • Chip-equipment spending is cyclical and exposed to China export rules
  • Insiders sold ~$97M in open-market trades since 2026-04-18 0001190639-26-000004

🚩 Red flags

  • 💸 Insider selling: ~$97M of open-market sales in 10 of 13 Form 4s since 2026-04-18 0001190639-26-000004, 0001190639-26-000006, 0001316065-26-000012

⚡ LRCX event cards

EVENT#295 / 500
🏆
LRCX
Record Quarter
Q4 FY26
Revenue $6.7B, highest of 68 quarters in EDGAR (beat prior record by 15%, +30% YoY)
📄 0000707549-26-000037
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10-year history PRO

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How the power level is computed

Power (0–100) = Growth 25 × clip(quarter revenue YoY ÷ 30%) + Profit 25 × clip(quarter GAAP operating margin ÷ 30%) + Cash 20 × clip(FY free cash flow ÷ FY revenue ÷ 25%) + Fortress 15 (full if cash + short-term investments ≥ debt, else 15 × clip(1 − net debt ÷ FY revenue); half if debt isn't tagged) + Dilution 15 (full if diluted shares flat/down YoY, 0 at +5%). Missing inputs get half credit. Banks and insurers get a Financials frame: their score isn't comparable.

Not investment advice. Ticker Card summarizes public SEC EDGAR filings, which can be restated or late. No stock prices. Every number cites the filing's accession number. Source: SEC EDGAR.