LRCX vs. MCHP: Lam Research vs. Microchip Stock Comparison

November 11, 2026

How do Lam Research (LRCX) and Microchip (MCHP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

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

Company profile comparison for Lam Research (LRCX) and Microchip (MCHP)
Profile Item	LRCX	MCHP
Name	Lam Research Corp.	Microchip Technology Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductor Materials & Equipment	Semiconductors
Market Capitalization	250.84 billion USD	31.76 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 4, 1984	March 19, 1993
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LRCX

MCHP

GSPC

Lam Research (LRCX) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Lam Research (LRCX) and Microchip (MCHP). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Lam Research (LRCX) and Microchip (MCHP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Total Return (1Y)	36.98%	11.53%
Total Return (3Y, Annualized)	50.75%	-3.63%
Total Return (5Y, Annualized)	29.74%	-3.83%

Risk Profile

Drawdown History

LRCX

MCHP

GSPC

Lam Research (LRCX) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Lam Research (LRCX) and Microchip (MCHP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Volatility (1Y, Annualized)	68.85%	52.96%
Beta (5Y)	2.02	1.91
Max Drawdown (5Y)	-57.22%	-63.77%
Avg. Volume (3M)	9.82M	10.34M

Risk-Adjusted Performance

Risk-Return Positioning

LRCX and MCHP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Sharpe Ratio (1Y)	0.47	0.14
Sortino Ratio (1Y)	0.69	0.21

Profitability

ROE (TTM)

Lam Research (LRCX) at 70.12% clears its industry range for ROE, a sharper capital-efficiency signal than Microchip (MCHP) at 12.57%, which is closer to a typical peer reading.

LRCX

Semiconductors & Semiconductor Equipment industry group

70.12%

LRCX: 70.12%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

MCHP

Semiconductors & Semiconductor Equipment industry group

12.57%

Max: 52.82%
Q3: 22.26%
MCHP: 12.57%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Lam Research (LRCX) at 32.34% retains a top-quartile share of revenue as profit, ahead of Microchip (MCHP) at 14.96%, which keeps about the industry-typical share.

LRCX

Semiconductors & Semiconductor Equipment industry group

32.34%

Max: 63.80%
LRCX: 32.34%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

MCHP

Semiconductors & Semiconductor Equipment industry group

14.96%

Max: 63.80%
Q3: 28.36%
MCHP: 14.96%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Lam Research (LRCX) at 39.95% operates in the top operating margin quartile, ahead of Microchip (MCHP) at 29.13%, which runs around its industry’s norm.

LRCX

Semiconductors & Semiconductor Equipment industry group

39.95%

Max: 58.66%
LRCX: 39.95%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

MCHP

Semiconductors & Semiconductor Equipment industry group

29.13%

Max: 58.66%
Q3: 30.23%
MCHP: 29.13%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
ROE (TTM)	70.12%	12.57%
ROA (TTM)	25.01%	5.19%
Net Margin (TTM)	32.34%	14.96%
Operating Margin (TTM)	39.95%	29.13%
Gross Margin (TTM)	51.05%	62.70%

Growth

Revenue Growth

Lam Research (LRCX) at 26.02% sits in the top revenue growth quartile, while Microchip (MCHP) at 7.08% is closer to the peer norm — faster top-line expansion for LRCX.

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their Revenue Growth across different time periods.

EPS Growth

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

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Revenue Growth (YoY)	26.02%	7.08%
Revenue Growth (3Y CAGR)	10.06%	-17.65%
EPS Growth (YoY)	38.80%	--
EPS Growth (3Y CAGR)	20.15%	-62.03%

Financial Strength

Current Ratio (MRQ)

Lam Research (LRCX) at 2.48 keeps current ratio within its industry’s typical mid-range, while Microchip (MCHP) at 2.24 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MCHP.

LRCX

Semiconductors & Semiconductor Equipment industry group

2.48

Max: 10.33
Q3: 5.62
Median: 3.33
LRCX: 2.48
Q1: 2.35
Min: 1.03

MCHP

Semiconductors & Semiconductor Equipment industry group

2.24

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
MCHP: 2.24
Min: 1.03

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Lam Research (LRCX) at 0.27 carries an industry-typical debt-to-equity mix, while Microchip (MCHP) at 0.84 uses more debt funding than most peers.

LRCX

Semiconductors & Semiconductor Equipment industry group

0.27

Max: 1.46
Q3: 0.65
LRCX: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

MCHP

Semiconductors & Semiconductor Equipment industry group

0.84

Max: 1.46
MCHP: 0.84
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Current Ratio (MRQ)	2.48	2.24
Debt / Equity (MRQ)	0.27	0.84
Net Debt / EBITDA	-0.37	2.73

Dividends

Dividend Yield (TTM)

Lam Research (LRCX) at 0.60% pays an industry-typical yield; Microchip (MCHP) at 2.81% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

LRCX

Semiconductors & Semiconductor Equipment industry group

0.60%

Max: 1.37%
Q3: 0.65%
LRCX: 0.60%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCHP

Semiconductors & Semiconductor Equipment industry group

2.81%

MCHP: 2.81%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Microchip (MCHP) reports payout ratio above 100% at 136.84%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Lam Research (LRCX) reports 16.54%, ranking against industry peers normally.

LRCX

Semiconductors & Semiconductor Equipment industry group

16.54%

Max: 49.64%
Q3: 21.71%
LRCX: 16.54%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCHP

Semiconductors & Semiconductor Equipment industry group

136.84%

MCHP: 136.84%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
Dividend Yield (TTM)	0.60%	2.81%
Dividend Payout Ratio (TTM)	16.54%	136.84%

Valuation

P/E Ratio (TTM)

Both Lam Research (LRCX) at 29.87 and Microchip (MCHP) at 43.87 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

LRCX

Semiconductors & Semiconductor Equipment industry group

29.87

Max: 110.34
Q3: 66.81
Median: 37.02
LRCX: 29.87
Q1: 23.96
Min: 8.12

MCHP

Semiconductors & Semiconductor Equipment industry group

43.87

Max: 110.34
Q3: 66.81
MCHP: 43.87
Median: 37.02
Q1: 23.96
Min: 8.12

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Lam Research (LRCX) at 9.60 and Microchip (MCHP) at 5.67 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

LRCX

Semiconductors & Semiconductor Equipment industry group

9.60

Max: 21.42
Q3: 12.27
LRCX: 9.60
Median: 5.76
Q1: 2.73
Min: 0.00

MCHP

Semiconductors & Semiconductor Equipment industry group

5.67

Max: 21.42
Q3: 12.27
Median: 5.76
MCHP: 5.67
Q1: 2.73
Min: 0.00

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Microchip (MCHP) at 4.78 sits near its industry’s typical P/B ratio, while Lam Research (LRCX) at 18.00 prices above its benchmark range — LRCX looks rich relative to book.

LRCX

Semiconductors & Semiconductor Equipment industry group

18.00

LRCX: 18.00
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

MCHP

Semiconductors & Semiconductor Equipment industry group

4.78

Max: 14.06
Q3: 7.44
MCHP: 4.78
Median: 4.29
Q1: 2.30
Min: 0.20

Lam Research (LRCX) vs. Microchip (MCHP): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Lam Research (LRCX) and Microchip (MCHP)
Metric	LRCX	MCHP
P/E Ratio (TTM)	29.87	43.87
P/S Ratio (TTM)	9.60	5.67
P/B Ratio (MRQ)	18.00	4.78
Free Cash Flow Yield (TTM)	1.81%	4.85%