Lam Research Stock's High P/E: Justified Premium or Too Pricey to Buy?

Key Takeaways Lam Research trades at a 38.14 forward P/E after a 174.9% stock surge, far outpacing peers and the industry.LRCX posted Q2 FY26 revenues of $5.34B, up 22% year over year, with non-GAAP operating margin rising to 34.3%.LRCX is likely to witness double-digit revenue and EPS growth amid strong AI and advanced packaging demand.Lam Research Corporation (LRCX) , a leader in semiconductor fabrication equipment, currently trades at a forward 12-month price-to-earnings (P/E) ratio of 38.14, significant ...