Lam Research's September-quarter results were above the midpoints of guidance. Sales rose 52% year-on-year to $8.2 billion, and profitability hit record highs of 52.4% non-GAAP gross margin and 40.2% non-GAAP operating margin. December-quarter guidance implies further strong growth and profit.
Lam is the market share leader in etch, which is the largest segment of the WFE market, and holds a clear number two share in deposition.
Lam lacks the scale of Applied Materials, its largest competitor, and could face market share losses if it is not able to adequately invest.
|
Metric
|
LRCX
|
AMAT
|
8035
|
|---|---|---|---|
Price/Earnings (Normalized) | 44.89 | 37.44 | 7.83 |
Price/Book Value | 23.47 | 12.66 | 10.78 |
Price/Sales | 12.55 | 10.60 | 8.87 |
Price/Cash Flow | 36.32 | 36.24 | 33.42 |
|
Metric
|
LRCX
|
AMAT
|
8035
|
|---|---|---|---|
Quick Ratio | 1.84 | 1.67 | 1.39 |
Current Ratio | 2.63 | 2.42 | 2.63 |
Interest Coverage | 52.42 | 33.00 | — |
|
Metric
|
LRCX
|
AMAT
|
8035
|
|---|---|---|---|
Return on Assets (Normalized) | 34.90% | 22.69% | 25.63% |
Return on Equity (Normalized) | 71.40% | 39.18% | 34.60% |
Return on Invested Capital (Normalized) | 51.03% | 25.01% | 34.60% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
|
|---|---|---|---|---|---|---|
| ASML Holding NV
ASMLF
| LOCK|#^QvKCm | LOCK|$< | $646B | |||
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ASML
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AMAT
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United States