← BackLAM RESEARCH CORP · Special Industry Machinery, NECLRCX
The short versionA high-quality, profitable business with growing sales. Institutions are adding.
Going well
- Sales up 54% in the latest quarter vs a year ago
- Profitable every year for 8 years
- Sales up 26% last year
Money moves
- Insiders sold $7.1M in the last 30 days, all through pre-planned sales
- Institutions added 6.2% to their holdings in the quarter ending June 2026 (1626 bought, 1253 sold)
- Held by Philippe Laffont (Coatue), Chase Coleman (Tiger Global), Ray Dalio (Bridgewater) and 2 more famous investors
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 27
$240.79+1.4% that day
- Company value
- $300.8B
- Share price times all shares
- Price vs profit (P/E)
- 35.9x
- You pay about $36 for each $1 of yearly profit
- Price vs sales
- 11.5x
- Company value is 11.5 times a year of sales
- Dividend yield
- 0.4%
- Yearly dividend as a share of today's price
- Cash vs value
- 2%
- Cash as a share of company value
- Debt vs value
- 1%
- Debt as a share of company value
From LRCX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26$8.2B+54% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $26.1B, up 33% from the 12 months before. Over 5 years, sales grew about 9.7% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.76.7%
- PassDebt under half of equityNot relying on borrowed money.0.44x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.31.3%
- PassProfitable every yearSteady profits, not one good year.8 of 8 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.9B
- PassShare count not growingNot diluting owners. Falling means buybacks.-7.2% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.50.5%
- Revenue
- $23.2B
- +26.0% vs prior year
- 5-year growth
- +9.7%/yr
- revenue, per year
- Total debt
- $4.5B
- 0.44x equity
- Current ratio
- 2.26x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 27, 2026Reported Oct 21After close4:13 pm ET - Revenue
- $8.2B
- +54.4% YoY
- EPS
- $2.19
- vs $1.24
- Op. margin
- 40.0%
- +5.6 pts
- Gross margin
- 52.3%
- +1.9 pts
- Free cash flow
- $3.2B
- Share count
- -1.1%
- vs a year ago
Insider rating
Last 90 days
43Mixed
- Pre-planned sales of $7.1M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
68/ 100
- This week
- 3
- Normal week
- 1.4
- vs normal
- 2.1x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.2%Institutions added 6.2% to their holdings. 1626 bought, 1253 sold.
Shares held by institutions1.08B
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-1.8%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.3x · $3.7B debtShares outstandingLatest reported
1.2BNext reportAround Jan 27, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 21
- Results filedJul 29
- Results filedApr 22
- Results filedJan 28
- Results filedOct 22, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$7.1M1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Timothy ArcherPresident and CEO | Sell | 31K | $227.02 | $7.1M | 1M | |
- -2.8% of their holdings
- Pre-planned sale (10b5-1)
- Filed 3 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldTimothy ArcherPresident and CEO
31,400 shares at $227.02 · $7.1M
- -3% of holdings
- Now owns 1,075,966 shares
- Pre-planned sale (10b5-1)
- Filed 3 days after trade
- Also: Option exercise
SoldBethany MayerDirector
9,557 shares at $314.74 · $3.0M
- -31% of holdings
- Now owns 20,995 shares
- Not a pre-planned sale
- Held by Trust
- Filed 1 day after trade
SoldTimothy ArcherPresident and CEO
30,000 shares at $319.26 · $9.6M
- -3% of holdings
- Now owns 1,075,966 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
- Also: Option exercise
SoldSeshasayee VaradarajanSenior Vice President
59,750 shares at $291.32 · $17.4M
- -23% of holdings
- Now owns 205,546 shares
- Pre-planned sale (10b5-1)
- 3 transactions
- Filed 1 day after trade
- Also: Option exercise
SoldAva HarterChief Legal Officer
5,000 shares at $302.46 · $1.5M
- -11% of holdings
- Now owns 42,462 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade