What is the 13F Pro Quality Score for LRCX?

13F Pro ranks LAM RESEARCH CORP (LRCX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LRCX's current score at https://13fpro.ai/company/LRCX (free sign-up required for the full ranking).

Which hedge funds own the most LRCX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LRCX include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/LRCX as soon as new 13F filings post.

Where does 13F Pro source LRCX data?

All LAM RESEARCH CORP fundamentals and ownership data come directly from SEC EDGAR. LAM RESEARCH CORP files with the SEC under CIK 707549. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LRCX in?

LAM RESEARCH CORP (LRCX) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What are LRCX's largest expenses?

LAM RESEARCH CORP's latest 10-K reports these as the largest expense items: Total cost of goods sold ($11.5B, vs $9.46B in FY2025); Research and development ($2.4B, +13.3% YoY); Selling, general, and administrative ($1.1B, +17.1% YoY). Sourced directly from SEC EDGAR filing text for FY2026 (fiscal year ended June 28, 2026).

How often is LRCX research updated on 13F Pro?

LRCX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LAM RESEARCH CORP(LRCX)Stock Analysis

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13F Pro Quality Score

79.4/100

Rank #38 of 2,961 stocksTOP 5%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

84.4/100

Profitability

91.5/100

Balance Sheet

98.8/100

Earnings Quality

31.6/100

Free Cash Flow

74.1/100

Institutional Flow

85.5/100

Revenue Scale

93.5/100

Dilution Risk

43.6/100

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Why LRCX Scores 79/100

exact factor attribution · 2026-09-11

LRCX's composite is driven by revenue growth and scale, held back by earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+6.9 pts

84th pct

Scale

+6.5 pts

94th pct

Profitability

+6.2 pts

92th pct

Capital efficiency

+4.9 pts

99th pct

Free cash flow

+3.6 pts

74th pct

Institutional flow

+1.8 pts

86th pct

Earnings growth

+1.7 pts

84th pct

Shareholder dilution

-0.3 pts

44th pct

Earnings quality

-1.8 pts

32th pct

Latest change (2026-08-07): 82 → 80 · ↓ Revenue growth 82→70; ↓ Earnings growth 78→69

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

LRCX Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for LAM RESEARCH CORP (LRCX), a Industrials sector company. 13F Pro's AI-powered ranking engine scores LRCX at 79.4/100 on a 32-signal composite quality model, placing it at rank #38 of 2,961 stocks — the top 5% of the AI-ranked universe. LRCX scores in the top quartile across balance sheet strength (98.8), revenue scale (93.5), profitability (91.5). Areas of concern include earnings quality (31.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 43.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), LAM RESEARCH CORP reports quarterly revenue of $6.7B, net income of $2.3B, an operating margin of 37.4%. Top institutional holders of LRCX by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. LRCX trades on the Nasdaq exchange and files with the SEC under CIK 707549. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LRCX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LAM RESEARCH CORP directly from SEC EDGAR. LAM RESEARCH CORP's 13F Pro composite quality score has ranged between 68 and 86 since 2021, currently 79.4 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about LAM RESEARCH CORP

Quirks, history, and lore behind LRCX — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. semiconductor equipment company · large-cap · listed on Nasdaq · headquartered in the San Francisco Bay Area.
2
The Numbers
Annual revenue roughly $15–17 billion, with operating margins that make most industrials jealous — because when chipmakers need to etch wafers, they really need to etch wafers.
3
The History
Founded in 1980, it quietly became one of the most critical links in the global chip supply chain — the kind of company that makes headlines only when governments start panicking about export controls.
4
The Secret
It doesn't make chips — it makes the machines that make chips, specializing in etch and deposition processes that carve and coat microscopic circuit patterns onto silicon wafers.
5
The Lore
Its customers include basically every major chipmaker on Earth, and its tools are so specialized that U.S. export restrictions specifically targeting its equipment caused diplomatic tremors with China.
6
The Giveaway
Its ticker rhymes with "Larcks," its name rhymes with a baby sheep doing research, and without its plasma etch systems, the world's most advanced semiconductors simply don't get made.

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What's Driving LRCX's Business? Latest 10-K Breakdown

✓ 31/31 datapoints verified

AI-extracted from LAM RESEARCH CORP's 10-K filed 2026-08-07 — FY2026 (fiscal year ended June 28, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue rose 26.0% to $23.2B on foundry equipment spending, with gross margin up 180 bps to 50.5% and net income up 35.6% to $7.27B.

Biggest Revenue Drivers

Systems revenue$14.9B+29.5% YoY

Increased $3.39 billion primarily due to foundry equipment customer spending

Customer support-related revenue and other$8.3B+20.2% YoY

Increased $1.40 billion mainly due to revenue from spares and non-leading-edge equipment

Biggest Revenue Drivers

Total revenue: $23.2B+26.0% YoY

Systems revenue$14.9B+29.5% YoY

Increased $3.39 billion primarily due to foundry equipment customer spending

Customer support-related revenue and other$8.3B+20.2% YoY

Increased $1.40 billion mainly due to revenue from spares and non-leading-edge equipment

Largest Expense Items

Total cost of goods sold$11.5Bvs $9.46B in FY2025

Gross margin percentage improved on favorable customer mix, partly offset by aluminum and steel tariff-related spend

Research and development$2.4B+13.3% YoY

$131.4M in employee-related costs from increased headcount and $69.8M higher engineering supplies expense

Selling, general, and administrative$1.1B+17.1% YoY

Mainly driven by a $180.0 million increase in employee-related costs from additional headcount

Income tax expense$997.1M+66.2% YoY

Effective tax rate rose to 12.1% from 10.1% on prior-year unrecognized tax benefit releases and Global Minimum Tax

Margins: Gross margin reached 50.5% of revenue, up 180 basis points from 48.7%, largely due to favorable customer mix, partially offset by aluminum and steel tariff-related spend.

Watch Items from the Filing

China represented approximately 34% of total revenue in FY2026 and FY2025 (42% in FY2024) and remains exposed to U.S. export license requirements.
Foundry rose to 54% of equipment/upgrade revenue while Memory fell 300 bps to 39% and Logic/IDM dropped to 7% from 13%.
A 15-year Malaysia tax incentive cut worldwide taxes by $967.9M ($0.77 per diluted share); the effective tax rate was only 12.1%.
Accounts receivable rose $1.96B, pushing operating cash flow down to $5.86B from $6.17B despite net income rising to $7.27B.
Non-U.S. sales were approximately 93% of total revenue in each of fiscal 2026, 2025 and 2024; China controls key rare earth inputs.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q2 2026

$6.7B

Net Income

Q2 2026

$2.3B

Free Cash Flow

Q2 2026

$1.3B

Operating Margin

Q2 2026

37.4%

ROIC

Q2 2026

62.0%

D/E Ratio

Q2 2026

0.30

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+26.0% YoY

$23.23BFY 2026

FY23 $17.43BFY24 $14.91BFY25 $18.44BFY26 $23.23B

Net Income

+35.6% YoY

$7.27BFY 2026

FY23 $4.51BFY24 $3.83BFY25 $5.36BFY26 $7.27B

Operating Income

+39.0% YoY

$8.20BFY 2026

FY23 $5.17BFY24 $4.26BFY25 $5.90BFY26 $8.20B

EPS (Diluted)

+38.8% YoY

$5.76FY 2026

FY23 $0.33FY24 $0.29FY25 $4.15FY26 $5.76

Total Assets

+10.2% YoY

$23.53BFY 2026

FY23 $18.78BFY24 $18.74BFY25 $21.35BFY26 $23.53B

Total Debt

-37.5% YoY

$3.73BFY 2026

FY23 $5.01BFY24 $5.97BFY25 $5.97BFY26 $3.73B

Op. Cash Flow

-5.1% YoY

$5.86BFY 2026

FY23 $5.18BFY24 $4.65BFY25 $6.17BFY26 $5.86B

Free Cash Flow

-9.7% YoY

$4.89BFY 2026

FY23 $4.68BFY24 $4.26BFY25 $5.41BFY26 $4.89B

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$23.23B +26.0%	$18.44B +23.7%	$14.91B -14.5%	$17.43B +1.2%	$17.23B +17.8%	$14.63B
Net Income	$7.27B +35.6%	$5.36B +40.0%	$3.83B -15.1%	$4.51B -2.0%	$4.61B +17.8%	$3.91B
Operating Income	$8.20B +39.0%	$5.90B +38.4%	$4.26B -17.6%	$5.17B -3.8%	$5.38B +20.1%	$4.48B
EPS (Diluted)	$5.76 +38.8%	$4.15 +1331.0%	$0.29 -12.7%	$0.33 -89.9%	$3.27 +21.7%	$2.69
Total Assets	$23.53B +10.2%	$21.35B +13.9%	$18.74B -0.2%	$18.78B +9.2%	$17.20B +8.2%	$15.89B
Total Debt	$3.73B -37.5%	$5.97B -0.0%	$5.97B +19.2%	$5.01B +0.1%	$5.01B +0.1%	$5.00B
Operating Cash Flow	$5.86B -5.1%	$6.17B +32.7%	$4.65B -10.2%	$5.18B +67.1%	$3.10B -13.6%	$3.59B
Free Cash Flow	$4.89B -9.7%	$5.41B +27.2%	$4.26B -9.0%	$4.68B +83.2%	$2.55B -21.2%	$3.24B

AI Insight: LRCX Financial Trends

Revenue accelerated 12% YoY to $6.7B in Q2 2026 while operating margin expanded to 37.4%, but operating cash flow trails earnings growth.

• Revenue grew from $5.3B (Q2 2025) to $6.7B (Q2 2026); operating income margin improved from 33.8% to 37.4%.

• Net income surged 55% YoY to $2.3B in Q2 2026; net margin expanded from 33.3% to 33.9%.

• Total debt declined to $3.7B (Q1 2026 onward) from $5.0B–$6.0B prior year; leverage improving.

⚠ Operating cash flow of $1.5B in Q2 2026 lags net income of $2.3B; cash conversion weakness warrants monitoring.

⚠ Revenue growth decelerated from 13.4% (Q1 2026) to 12.1% (Q2 2026) despite margin expansion.

AI Insight: LRCX Ratio Trends

Lam Research exhibits exceptional profitability acceleration, with operating margin reaching 37.4% in Q2 2026 and ROIC surging to 62.0%, while simultaneously de-leveraging.

• Operating margin expanded 710bp from Q3 2024 (30.3%) to Q2 2026 (37.4%), reflecting sustained operational leverage.

• ROIC jumped 2,440bp over same period: 37.6% to 62.0%, indicating dramatically improved capital efficiency.

• Debt-to-equity fell from 0.59 in Q3 2024 to 0.30 in Q2 2026, demonstrating significant balance sheet strengthening.

• Net profit margin reached 33.9% in Q2 2026, up 710bp from 26.8% in Q3 2024, showing pricing power and cost discipline.

⚠ ROE spiked to 73.0% in Q2 2026 from 58.3% TTM; sharp quarterly swings warrant monitoring for sustainability.

⚠ D/E ticked up to 0.61 in Q2 2025 before declining; ensure leverage remains controlled amid potential cyclical pressures.

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Available Research

13F Pro tracks comprehensive data for LAM RESEARCH CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LRCX

BlackRock, Inc.
$57.5B132,727,776 sh
VANGUARD CAPITAL MANAGEMENT LLC
$35.4B81,683,639 sh
STATE STREET CORP
$26.3B60,704,130 sh
Invesco Ltd.
$22.7B52,319,973 sh
JPMORGAN CHASE & CO
$18.6B45,317,479 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$15.9B36,635,534 sh
GEODE CAPITAL MANAGEMENT, LLC
$14.9B34,506,240 sh
FMR LLC
$14.6B33,677,858 sh
PRICE T ROWE ASSOCIATES INC /MD/
$10.7B24,596,295 sh
MORGAN STANLEY
$8.3B19,217,787 sh

Fund	Value	Shares
BlackRock, Inc.	$57.5B	132,727,776
VANGUARD CAPITAL MANAGEMENT LLC	$35.4B	81,683,639
STATE STREET CORP	$26.3B	60,704,130
Invesco Ltd.	$22.7B	52,319,973
JPMORGAN CHASE & CO	$18.6B	45,317,479
VANGUARD PORTFOLIO MANAGEMENT LLC	$15.9B	36,635,534
GEODE CAPITAL MANAGEMENT, LLC	$14.9B	34,506,240
FMR LLC	$14.6B	33,677,858
PRICE T ROWE ASSOCIATES INC /MD/	$10.7B	24,596,295
MORGAN STANLEY	$8.3B	19,217,787

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Is LRCX a good stock to buy?

13F Pro's AI-powered analysis of LAM RESEARCH CORP (LRCX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LRCX are available on the LRCX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. LRCX is classified as a mega company.

Which hedge funds own LRCX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LRCX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LAM RESEARCH CORP's investment landscape.