LRCX vs. Q: Lam Research vs. Qnity Electronics Stock Comparison

November 11, 2026

How do Lam Research (LRCX) and Qnity Electronics (Q) 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 Qnity Electronics (Q) are both classified in the Semiconductor Materials & Equipment sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Lam Research (LRCX) carries decades of public-market history since May 4, 1984, while Qnity Electronics (Q) listed on October 27, 2025 — long-window comparisons have far more historical data on the LRCX side.

Company profile comparison for Lam Research (LRCX) and Qnity Electronics (Q)
Profile Item	LRCX	Q
Name	Lam Research Corp.	Qnity Electronics 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	Semiconductor Materials & Equipment
Market Capitalization	250.84 billion USD	24.46 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	May 4, 1984	October 27, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LRCX

GSPC

Lam Research (LRCX) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
Total Return (1Y)	36.98%	35.04%
Total Return (3Y, Annualized)	50.75%	--
Total Return (5Y, Annualized)	29.74%	--

Risk Profile

Drawdown History

LRCX

GSPC

Lam Research (LRCX) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
Volatility (1Y, Annualized)	68.85%	55.87%
Beta (5Y)	2.02	1.49
Max Drawdown (5Y)	-57.22%	-38.03%
Avg. Volume (3M)	9.82M	1.73M

Risk-Adjusted Performance

Risk-Return Positioning

LRCX and Q 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 Qnity Electronics (Q)
Metric	LRCX	Q
Sharpe Ratio (1Y)	0.47	0.55
Sortino Ratio (1Y)	0.69	0.80

Profitability

ROE (TTM)

Lam Research (LRCX) at 70.12% clears its industry range for ROE, a sharper capital-efficiency signal than Qnity Electronics (Q) at 6.98%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

6.98%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q: 6.98%
Q1: 1.29%
Min: -16.89%

Lam Research (LRCX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 10.16%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

10.16%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q: 10.16%
Q1: 0.90%
Min: -37.77%

Lam Research (LRCX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 25.00%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

25.00%

Max: 58.66%
Q3: 30.23%
Q: 25.00%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
ROE (TTM)	70.12%	6.98%
ROA (TTM)	25.01%	5.78%
Net Margin (TTM)	32.34%	10.16%
Operating Margin (TTM)	39.95%	25.00%
Gross Margin (TTM)	51.05%	46.92%

Growth

Revenue Growth

Lam Research (LRCX) at 26.02% sits in the top revenue growth quartile, while Qnity Electronics (Q) at 9.67% is closer to the peer norm — faster top-line expansion for LRCX.

Lam Research (LRCX) vs. Qnity Electronics (Q): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lam Research (LRCX) at 38.80% and Qnity Electronics (Q) at -0.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lam Research (LRCX) vs. Qnity Electronics (Q): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
Revenue Growth (YoY)	26.02%	9.67%
Revenue Growth (3Y CAGR)	10.06%	-0.01%
EPS Growth (YoY)	38.80%	-0.27%
EPS Growth (3Y CAGR)	20.15%	--

Financial Strength

Current Ratio (MRQ)

Lam Research (LRCX) at 2.48 keeps current ratio within its industry’s typical mid-range, while Qnity Electronics (Q) at 2.09 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for Q.

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

Q

Semiconductors & Semiconductor Equipment industry group

2.09

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
Q: 2.09
Min: 1.03

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

Debt / Equity (MRQ)

Both Lam Research (LRCX) at 0.27 and Qnity Electronics (Q) at 0.57 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

Q

Semiconductors & Semiconductor Equipment industry group

0.57

Max: 1.46
Q3: 0.65
Q: 0.57
Median: 0.27
Q1: 0.04
Min: 0.00

Lam Research (LRCX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q)
Metric	LRCX	Q
Current Ratio (MRQ)	2.48	2.09
Debt / Equity (MRQ)	0.27	0.57
Net Debt / EBITDA	-0.37	2.07

Dividends

Dividend Yield (TTM)

Both Lam Research (LRCX) at 0.60% and Qnity Electronics (Q) at 0.27% 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%

Q

Semiconductors & Semiconductor Equipment industry group

0.27%

Max: 1.37%
Q3: 0.65%
Q: 0.27%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Lam Research (LRCX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 11.28% 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%

Q

Semiconductors & Semiconductor Equipment industry group

11.28%

Max: 49.64%
Q3: 21.71%
Q: 11.28%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
Dividend Yield (TTM)	0.60%	0.27%
Dividend Payout Ratio (TTM)	16.54%	11.28%

Valuation

P/E Ratio (TTM)

Both Lam Research (LRCX) at 29.87 and Qnity Electronics (Q) at 43.98 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

Q

Semiconductors & Semiconductor Equipment industry group

43.98

Max: 110.34
Q3: 66.81
Q: 43.98
Median: 37.02
Q1: 23.96
Min: 8.12

Lam Research (LRCX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 4.46 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

Q

Semiconductors & Semiconductor Equipment industry group

4.46

Max: 21.42
Q3: 12.27
Median: 5.76
Q: 4.46
Q1: 2.73
Min: 0.00

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

P/B Ratio (MRQ)

Qnity Electronics (Q) at 3.22 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

Q

Semiconductors & Semiconductor Equipment industry group

3.22

Max: 14.06
Q3: 7.44
Median: 4.29
Q: 3.22
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for Lam Research (LRCX) and Qnity Electronics (Q)
Metric	LRCX	Q
P/E Ratio (TTM)	29.87	43.98
P/S Ratio (TTM)	9.60	4.46
P/B Ratio (MRQ)	18.00	3.22
Free Cash Flow Yield (TTM)	1.81%	2.85%