LRCX vs. MU: Lam Research vs. Micron Stock Comparison

November 11, 2026

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

Company profile comparison for Lam Research (LRCX) and Micron (MU)
Profile Item	LRCX	MU
Name	Lam Research Corp.	Micron 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	780.68 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 4, 1984	June 1, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LRCX

GSPC

Lam Research (LRCX) vs. Micron (MU), 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

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
Total Return (1Y)	36.98%	208.53%
Total Return (3Y, Annualized)	50.75%	115.89%
Total Return (5Y, Annualized)	29.74%	58.28%

Risk Profile

Drawdown History

LRCX

GSPC

Lam Research (LRCX) vs. Micron (MU), 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

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

Risk Metrics

Risk profile metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
Volatility (1Y, Annualized)	68.85%	83.85%
Beta (5Y)	2.02	2.44
Max Drawdown (5Y)	-57.22%	-57.63%
Avg. Volume (3M)	9.82M	27.63M

Risk-Adjusted Performance

Risk-Return Positioning

LRCX and MU 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 Micron (MU)
Metric	LRCX	MU
Sharpe Ratio (1Y)	0.47	2.44
Sortino Ratio (1Y)	0.69	3.87

Profitability

ROE (TTM)

Both Lam Research (LRCX) at 70.12% and Micron (MU) at 88.26% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.

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%

MU

Semiconductors & Semiconductor Equipment industry group

88.26%

MU: 88.26%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

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

Net Margin (TTM)

For every dollar of sales, both Lam Research (LRCX) at 32.34% and Micron (MU) at 63.80% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

MU

Semiconductors & Semiconductor Equipment industry group

63.80%

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

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

Operating Margin (TTM)

Micron (MU) at 80.68% shows unusually strong operating efficiency — above its industry’s operating margin range — and Lam Research (LRCX) at 39.95% also operates in the top quartile.

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%

MU

Semiconductors & Semiconductor Equipment industry group

80.68%

MU: 80.68%
Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
ROE (TTM)	70.12%	88.26%
ROA (TTM)	25.01%	44.56%
Net Margin (TTM)	32.34%	63.80%
Operating Margin (TTM)	39.95%	80.68%
Gross Margin (TTM)	51.05%	80.72%

Growth

Revenue Growth

Both companies are growing quickly, but Micron (MU) at 256.33% is the standout with revenue growth above its industry range; Lam Research (LRCX) at 26.02% also sits in the top quartile.

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

EPS Growth

Micron (MU) at 879.31% clears its industry range for EPS growth, a much stronger earnings trajectory than Lam Research (LRCX) at 38.80%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
Revenue Growth (YoY)	26.02%	256.33%
Revenue Growth (3Y CAGR)	10.06%	104.65%
EPS Growth (YoY)	38.80%	879.31%
EPS Growth (3Y CAGR)	20.15%	--

Financial Strength

Current Ratio (MRQ)

Both Lam Research (LRCX) at 2.48 and Micron (MU) at 3.31 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

MU

Semiconductors & Semiconductor Equipment industry group

3.31

Max: 10.33
Q3: 5.62
Median: 3.33
MU: 3.31
Q1: 2.35
Min: 1.03

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

Debt / Equity (MRQ)

Micron (MU) at 0.04 keeps leverage in the lower industry quartile, while Lam Research (LRCX) at 0.27 runs a more typical debt-to-equity mix.

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

MU

Semiconductors & Semiconductor Equipment industry group

0.04

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

Lam Research (LRCX) vs. Micron (MU): 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 Micron (MU)
Metric	LRCX	MU
Current Ratio (MRQ)	2.48	3.31
Debt / Equity (MRQ)	0.27	0.04
Net Debt / EBITDA	-0.37	-0.35

Dividends

Dividend Yield (TTM)

Both Lam Research (LRCX) at 0.60% and Micron (MU) at 0.09% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

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%

MU

Semiconductors & Semiconductor Equipment industry group

0.09%

Max: 1.37%
Q3: 0.65%
MU: 0.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Lam Research (LRCX) at 16.54% and Micron (MU) at 0.71% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

MU

Semiconductors & Semiconductor Equipment industry group

0.71%

Max: 49.64%
Q3: 21.71%
MU: 0.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
Dividend Yield (TTM)	0.60%	0.09%
Dividend Payout Ratio (TTM)	16.54%	0.71%

Valuation

P/E Ratio (TTM)

Micron (MU) at 9.28 sits in the cheaper P/E ratio quartile, while Lam Research (LRCX) at 29.87 is closer to its industry’s usual earnings multiple — a discount for MU, though growth and earnings durability still matter.

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

MU

Semiconductors & Semiconductor Equipment industry group

9.28

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
MU: 9.28
Min: 8.12

Lam Research (LRCX) vs. Micron (MU): 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 Micron (MU) at 5.86 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

MU

Semiconductors & Semiconductor Equipment industry group

5.86

Max: 21.42
Q3: 12.27
MU: 5.86
Median: 5.76
Q1: 2.73
Min: 0.00

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

P/B Ratio (MRQ)

Micron (MU) at 5.64 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

MU

Semiconductors & Semiconductor Equipment industry group

5.64

Max: 14.06
Q3: 7.44
MU: 5.64
Median: 4.29
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for Lam Research (LRCX) and Micron (MU)
Metric	LRCX	MU
P/E Ratio (TTM)	29.87	9.28
P/S Ratio (TTM)	9.60	5.86
P/B Ratio (MRQ)	18.00	5.64
Free Cash Flow Yield (TTM)	1.81%	3.73%