Is AMAT or LRCX cheaper?

On trailing earnings, AMAT is cheaper: AMAT trades at a 53.31 P/E and LRCX at 69.21.

Which has grown faster, AMAT or LRCX?

Over the past five years, LRCX grew revenue faster — AMAT at a 9.33% CAGR versus LRCX at 10.31%.

Does AMAT or LRCX pay a bigger dividend?

AMAT yields 0.34% and LRCX yields 0.28% based on trailing dividends and the latest price.

Is AMAT or LRCX more profitable?

LRCX runs the higher net margin — AMAT at 29.31% versus LRCX at 30.94%.

Which has been the better investment, AMAT or LRCX?

Over the past 10-year, LRCX delivered the higher annualized total return — AMAT at 38.64% versus LRCX at 48.10%. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Lam Research Corporation (LRCX)

LRCX leads on 11 of 16 compared metrics, though AMAT is the cheaper stock.

A side-by-side comparison of Applied Materials, Inc. and Lam Research Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AMAT

Applied Materials, Inc.

$450.37B

$567.25Technology

LRCX

Lam Research Corporation

$458.72B

$366.81Technology

Total return — AMAT vs LRCX

growth of $100 · last 30y

AMAT +12762.8%LRCX +34504.7%LRCX compounded faster

AMAT LRCX

AMAT vs LRCX: by the numbers

•LRCX is the larger company ($458.72B vs $450.37B market cap).
•AMAT trades at the lower earnings multiple (53.31 vs 69.21 P/E).
•LRCX converts more revenue to profit (30.94% vs 29.31% net margin).
•LRCX grew revenue faster over the past five years (10.31% vs 9.33% CAGR).
•AMAT pays the higher dividend yield (0.34% vs 0.28%).

Which is better, AMAT or LRCX?

Metric tally: AMAT 5 · LRCX 11

It depends on what you're optimizing for:

ValueAMAT(lower P/E)

GrowthLRCX(faster 5Y revenue CAGR)

QualityLRCX(higher ROIC)

Valuation

Metric	AMAT	LRCX
P/E ratio	53.31●	69.21
Forward P/E	46.38	46.05
P/S ratio	15.62●	21.27
P/B ratio	18.96●	43.57
PEG ratio	76.90	0.54●
EV / EBITDA	42.42●	57.60
FCF yield	1.32%	1.40%●

Profitability

Metric	AMAT	LRCX
Gross margin	48.96%	49.98%●
Operating margin	29.51%	34.26%●
Net margin	29.31%	30.94%●
ROE	35.58%	63.38%●
ROIC	21.96%	34.00%●

Dividends

Metric	AMAT	LRCX
Dividend yield	0.34%●	0.28%
Payout ratio	21.93%	24.22%

Growth (annualized)

Metric	AMAT	LRCX
Revenue CAGR (5Y)	9.33%	10.31%●
EPS CAGR (5Y)	17.13%	21.72%●
FCF CAGR (5Y)	9.02%	19.28%●
Total return CAGR (5Y)	34.01%	43.19%●

Frequently asked

Which is better, AMAT or LRCX?: It depends on your goal. value: AMAT (lower P/E); growth: LRCX (faster 5Y revenue CAGR); quality: LRCX (higher ROIC). Across all compared metrics, LRCX leads 11 to 5.
Is AMAT or LRCX cheaper?: On trailing earnings, AMAT is cheaper: AMAT trades at a 53.31 P/E and LRCX at 69.21.
Which has grown faster, AMAT or LRCX?: Over the past five years, LRCX grew revenue faster — AMAT at a 9.33% CAGR versus LRCX at 10.31%.
Does AMAT or LRCX pay a bigger dividend?: AMAT yields 0.34% and LRCX yields 0.28% based on trailing dividends and the latest price.
Is AMAT or LRCX more profitable?: LRCX runs the higher net margin — AMAT at 29.31% versus LRCX at 30.94%.
Which has been the better investment, AMAT or LRCX?: Over the past 10-year, LRCX delivered the higher annualized total return — AMAT at 38.64% versus LRCX at 48.10%. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full LRCX analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Lam Research P/E ratio Applied Materials dividend yield Lam Research dividend yield Applied Materials ROE Lam Research ROE Applied Materials operating margin Lam Research operating margin Applied Materials revenue growth Lam Research revenue growth Applied Materials free cash flow Lam Research free cash flow

Applied Materials & Lam Research appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.