LRCX (Lam Research) Moat Score: 8/10 (As of Jul. 05, 2026)


LRCX Lam Research Corp LRCX
85 GF Score
Price $351.41
GF Value $131.44
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Lam Research Moat Score?

Lam Research LRCX -10.19% 85 Moat Score is 8 as of Jul. 05, 2026. GuruFocus rates LRCX with a GF Score™ of 85/100 and a GF Value™ of $131.44 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 998 Semiconductors companies, Lam Research ranks better than 99.6% on this metric.

Lam Research has the Moat Score of 8, which implies that the company might have Wide Moat - Clear and robust wide moat.

Lam Research has Wide Moat: Lam Research Corp possesses a robust wide moat with strong intellectual property, significant R&D capabilities, and durable cost advantages in semiconductor manufacturing equipment. Its market leadership and customer loyalty further reinforce its competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Lam Research might have Wide Moat - Clear and robust wide moat.

Lam Research  (NAS:LRCX) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Lam Research Moat Score Related Terms

LRCX vs AMAT, KLAC, TER: Moat Score Comparison

For the Semiconductor Equipment & Materials subindustry, Lam Research's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Lam Research's Moat Score distribution charts can be found below:

* The bar in red indicates where Lam Research's Moat Score falls into.


LRCX
85GF Score
Lam Research Corp LRCX
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 8 mean?
Lam Research (LRCX) has a Moat Score of 8 as of Jul. 05, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Lam Research ranks #4 out of 998 companies in the Semiconductors industry, placing it in the top 0.40000000000001%.
Is Lam Research's Moat Score too high?
Lam Research's current Moat Score is 8. Based on the distribution chart, Lam Research ranks #4 out of 998 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 Moat Score compare to AMAT and KLAC?
According to the Semiconductors industry distribution chart, Lam Research ranks #4 out of 998 companies for Moat Score. This places Lam Research in the top 0% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Semiconductors company?
A good Moat Score depends on the Semiconductors industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Lam Research's current Moat Score is 8. 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 $131.44, compared to a current price of $351.41 — trading 167.4% above its estimated fair value. The current Moat Score is 8. Lam Research's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Lam Research (LRCX), the current Moat Score is 8 as of Jul. 05, 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 $351.41 is trading 167.4% above its estimated GF Value™ of $131.44. GuruFocus considers Lam Research to be Significantly Overvalued.

Key valuation signals for LRCX:

  • Moat Score: 8
  • GF Value™: $131.44 vs. price of $351.41 (167.4% above fair value)
  • GF Score™: 85/100 with 5 warning signs

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 Business Description

Address 4650 Cushing Parkway, Fremont, CA, USA, 94538
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

Get the complete analysis for LRCX

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$351.41
Price
$131.44
GF Value