CBRS vs. LRCX: Cerebras Systems vs. Lam Research Stock Comparison

Company Profile

Cerebras Systems (CBRS) and Lam Research (LRCX) both belong to the Semiconductors & Semiconductor Equipment industry, though CBRS is classified under Semiconductors while LRCX falls under Semiconductor Materials & Equipment.

Lam Research (LRCX) has been public since May 4, 1984, giving it decades of market history across multiple cycles, while Cerebras Systems (CBRS) listed only on May 14, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both CBRS and LRCX need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Lam Research (LRCX) earns 70.12% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.

Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile Lam Research (LRCX) reports 32.34%, ranking against industry peers normally.

Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Lam Research (LRCX) reports 39.95%, ranking against industry peers normally.

Profitability Metrics

Growth

Both companies are growing quickly, but Cerebras Systems (CBRS) at 75.71% is the standout with revenue growth above its industry range; Lam Research (LRCX) at 26.02% also sits in the top quartile.

Only one side can be read here: Lam Research (LRCX) reports EPS growth of 38.80%, ranked against its industry; Cerebras Systems (CBRS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Lam Research (LRCX) at 2.48 keeps current ratio within its industry’s typical mid-range, while Cerebras Systems (CBRS) at 5.83 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Both Cerebras Systems (CBRS) at 0.16 and Lam Research (LRCX) at 0.27 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Cerebras Systems (CBRS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lam Research (LRCX) reports a yield of 0.60%, ranking against industry peers normally.

Cerebras Systems (CBRS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lam Research (LRCX) reports a payout of 16.54%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Lam Research (LRCX) trades at 29.87 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.

Lam Research (LRCX) at 9.60 prices around its industry’s typical P/S ratio, while Cerebras Systems (CBRS) at 31.30 clears its benchmark range — CBRS looks notably rich on sales.

Cerebras Systems (CBRS) at 2.23 sits in the lower P/B ratio quartile relative to book while Lam Research (LRCX) at 18.00 prices above its industry range — a wide valuation gap against assets.

Valuation Metrics