Stock Analysis on Net
Stock Analysis on Net

Lam Research Corp. (NASDAQ:LRCX)

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Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Lam Research Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Preferred stock, at par value of $0.001 per share; none outstanding (per books)
Total equity
Add: Current portion of long-term debt and finance lease obligations (per books)
Add: Long-term debt and finance lease obligations, less current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2026-06-28).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Lam Research Corp., EV calculation

Microsoft Excel
Jun 28, 2026 Jun 29, 2025 Jun 30, 2024 Jun 25, 2023 Jun 26, 2022 Jun 27, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, at par value of $0.001 per share; none outstanding (book value)
Total equity
Add: Current portion of long-term debt and finance lease obligations (book value)
Add: Long-term debt and finance lease obligations, less current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2026-06-28), 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lam Research Corp. Annual Report.

3 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The financial metrics exhibit a period of initial volatility followed by a trajectory of accelerated growth. A contraction in valuation is observed between June 2021 and June 2022, followed by a consistent recovery and a significant expansion in enterprise value and equity through June 2026.

Enterprise Value (EV) Trends
Enterprise value experienced a decline from 82.77 billion US$ in June 2021 to 64.91 billion US$ in June 2022. This was followed by a steady upward trend, reaching 102.69 billion US$ by June 2024 and 127.19 billion US$ by June 2025. A substantial increase is recorded in June 2026, where the EV surged to 387.75 billion US$, representing a nearly threefold increase over the previous year.
Equity and Market Capitalization
Common equity market value aligns exactly with total equity across all reported periods. These figures mirror the movements of the enterprise value, dipping to 63.43 billion US$ in June 2022 before ascending to 129.09 billion US$ in June 2025. The most dramatic shift occurs in June 2026, with market value escalating to 389.60 billion US$.
Debt and Capital Structure Relationship
Total equity and debt maintain a close correlation with the enterprise value. The marginal difference between total equity and total equity and debt suggests a relatively stable debt profile relative to the overall capitalization. The gap between these figures remains proportional as the total value scales, culminating in a total equity and debt figure of 393.33 billion US$ by June 2026.
Valuation Acceleration
The period between June 2024 and June 2026 is characterized by exponential growth. While the increase from 2023 to 2025 was linear and steady, the jump in June 2026 indicates a profound shift in the market's valuation of the entity, as evidenced by the rapid expansion of both market value and enterprise value.