NASDAQ · STOCK
Lam Research
$293.49
52W $92.47 – $438.50
57/100
$366.44B
50.6
1.80
Is LRCX Bullish or Bearish?
Mixed.
Innellis AI committee rates Lam Research (LRCX) Watch with a composite score of 57/100
, based on 7 analysts with 86% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +2.78 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -17.22 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Some positive signals exist — revenue growing 26.0% yoy -- genuine top-line momentum — but they are not yet strong enough to justify a Buy. The committee is monitoring for confirmation.
Bull & Bear Case
Bull Case
- ROE of 67.0% shows genuine earnings power backing the valuation — Value
- Revenue growing 26.0% YoY -- genuine top-line momentum — Growth
- EPS growing 38.6% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Low leverage (debt-to-equity 0.30) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 52.6 is expensive by classic value standards — Value
- Price-to-book of 41.2x prices in significant intangible value — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 34.0% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
57/100
Agreement
86%
Analysts
7
Conviction
High
Sector Rank
Top 20%
of 172 Technology peers
Value Analyst
neutral
49
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 67.0% shows genuine earnings power backing the valuation
− P/E of 52.6 is expensive by classic value standards
Growth Analyst
bullish
84
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 26.0% YoY -- genuine top-line momentum
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.30) -- balance sheet can absorb a shock
− Bollinger bandwidth of 34.0% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 57.5 to 57.2.
- Conviction strengthened -- analysts aligned more closely.
- Committee agreement increased sharply from 43% to 86%.
- New bearish signals: 4 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 6 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, News Analyst, Technical Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: stance bullish->neutral; score 64->60 (-4).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: stance bearish->neutral; score 38->48 (+10).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
44.6
Neutral
MACD Histogram
-4.476
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$194.21
Resistance
$438.36
Bollinger %B
0.28
Inside Bands
Price vs Moving Averages
EMA 9
$295.43
Below
EMA 21
$314.65
Below
EMA 50
$320.40
Below
EMA 200
$252.28
Above
Fundamental Analysis
Valuation
28
Growth
86
Profitability
2
Financial Health
100
Cash Flow
37
Valuation
P/E Ratio
50.6×
P/B Ratio
29.49×
PEG Ratio
1.31
Dividend Yield
0.00%
52W High
$438.50
52W Low
$92.47
Quality & Growth
ROE
58.3%
ROA
30.9%
Gross Margin
50.5%
Operating Margin
35.3%
Revenue Growth YoY
—
Debt / Equity
0.30
AI Fundamental Assessment
P/E ratio of 50.6 (rich relative to a 15-40x range); Price-to-book of 29.5x; PEG ratio of 1.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.6%; Return on assets of 0.3%; Net margin of 0.3%; Gross margin of 0.5%; Current ratio of 2.63 (healthy short-term liquidity); Debt-to-equity of 0.30; Free cash flow margin of 0.8% (thin cash generation); Free cash flow per share is positive (3.90); Most recent quarter beat estimates by 6.0%; 5 consecutive earnings beats; EPS growth accelerating (+15.0% -> +24.7% QoQ); Average YoY EPS growth of 36.8%; Analyst estimates rising over recent quarters
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