Lam ResearchLRCX +7.21%85 FCF Margin % is 13.86% as of Mar. 2026, which is 39% below its 10-year median of 22.76. GuruFocus rates LRCX with a GF Score™ of 85/100 and a GF Value™ of $130.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Semiconductors companies, Lam Research ranks better than 94.04% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Lam Research's Free Cash Flow for the
three
months ended in Mar. 2026 was $810 Mil. Lam Research's Revenue for the
three
months ended in Mar. 2026 was $5,841 Mil. Therefore, Lam Research's FCF Margin % for the quarter that ended in Mar. 2026 was 13.86%.
The historical rank and industry rank for Lam Research's FCF Margin % or its related term are showing as below:
LRCX'
s FCF Margin % Range Over the Past 10 Years
Min: 14.82 Med: 22.76 Max: 29.76
Current: 27.7
During the past 13 years, the highest FCF Margin % of Lam Research was 29.76%. The lowest was 14.82%. And the median was 22.76%.
LRCX's FCF Margin % is ranked better than 94.04% of 1024
companies
in the Semiconductors industry
Industry Median: -0.8
vs LRCX: 27.70
Lam Research FCF Margin % Related Terms
Lam Research FCF Margin % Historical Data
* Premium members only.
The historical data trend for Lam Research's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Semiconductor Equipment & Materials subindustry, Lam Research's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lam Research FCF Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Lam Research's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Lam Research's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lam Research (LRCX) has a FCF Margin % of 13.86% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Lam Research and its competitors. This is 39% below median its historical median of 22.76. Over the past decade, Lam Research's FCF Margin % has ranged from 14.82 to 29.76. According to the industry distribution chart, Lam Research ranks #61 out of 1024 companies in the Semiconductors industry, placing it in the top 6%.
Is Lam Research's FCF Margin % too high?
Lam Research's current FCF Margin % of 13.86% is 39% below median its 10-year median of 22.76. Over the past 10 years, this metric has ranged from a low of 14.82 to a high of 29.76. Based on the distribution chart, Lam Research ranks #61 out of 1024 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Lam Research has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lam Research's FCF Margin % compare to AMAT and KLAC?
According to the Semiconductors industry distribution chart, Lam Research ranks #61 out of 1024 companies for FCF Margin %. This places Lam Research in the top 6% of its industry — outperforming the majority of peers. Historically, Lam Research's own FCF Margin % has ranged from 14.82 to 29.76 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Lam Research and its competitors. Lam Research's current FCF Margin % is 13.86%, which is 39% below median its own 10-year median of 22.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lam Research stock overvalued right now?
Based on GuruFocus' analysis, Lam Research (LRCX) is currently considered Significantly Overvalued. The stock's GF Value™ is $130.59, compared to a current price of $401.82 — trading 207.7% above its estimated fair value. The current FCF Margin % is 13.86%, which is 39% below median its 10-year median of 22.76. Lam Research's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Lam Research (LRCX), the current FCF Margin % is 13.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lam Research (LRCX) Overvalued in 2026?
Based on GuruFocus' analysis, Lam Research stock appears to be overvalued.
The current stock price of $401.82 is trading 207.7% above its estimated GF Value™ of $130.59.
GuruFocus considers Lam Research to be Significantly Overvalued.
Key valuation signals for LRCX:
FCF Margin %: 13.86% (39% below median its 10-year median of 22.76)
GF Value™: $130.59 vs. price of $401.82 (207.7% above fair value)
No single metric tells the full story. See the LRCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
85GF Score
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