Is LRCX or MU cheaper?

On trailing earnings, MU is cheaper: LRCX trades at a 73.38 P/E and MU at 51.34.

Which has grown faster, LRCX or MU?

Over the past five years, MU grew revenue faster — LRCX at a 10.31% CAGR versus MU at 20.34%.

Does LRCX or MU pay a bigger dividend?

LRCX yields 0.26% and MU yields 0.05% based on trailing dividends and the latest price.

Is LRCX or MU more profitable?

MU runs the higher net margin — LRCX at 30.94% versus MU at 41.49%.

Which has been the better investment, LRCX or MU?

Over the past 10-year, MU delivered the higher annualized total return — LRCX at 48.99% versus MU at 57.32%. Past performance doesn't predict future results.

Lam Research Corporation (LRCX) vs Micron Technology, Inc. (MU)

MU leads on 11 of 16 compared metrics.

A side-by-side comparison of Lam Research Corporation and Micron Technology, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LRCX

Lam Research Corporation

$486.37B

$388.92Technology

Micron Technology, Inc.

$1.23T

$1087.99Technology

Total return — LRCX vs MU

growth of $100 · last 30y

LRCX +38792.4%MU +7276.2%LRCX compounded faster

Log scale — wide-divergence pair

LRCX MU

LRCX vs MU: by the numbers

•MU is the larger company ($1.23T vs $486.37B market cap).
•MU trades at the lower earnings multiple (51.34 vs 73.38 P/E).
•MU converts more revenue to profit (41.49% vs 30.94% net margin).
•MU grew revenue faster over the past five years (20.34% vs 10.31% CAGR).
•LRCX pays the higher dividend yield (0.26% vs 0.05%).

Which is better, LRCX or MU?

Metric tally: LRCX 5 · MU 11

It depends on what you're optimizing for:

ValueMU(lower P/E)

GrowthMU(faster 5Y revenue CAGR)

QualityLRCX(higher ROIC)

Metrics side by side

Valuation

Metric	LRCX	MU
P/E ratio	73.38	51.34●
Forward P/E	48.55	—
P/S ratio	22.55	21.34●
P/B ratio	46.20	17.12●
PEG ratio	0.54	0.02●
EV / EBITDA	61.08	33.35●
FCF yield	1.32%●	0.83%

Profitability

Metric	LRCX	MU
Gross margin	49.98%	58.44%●
Operating margin	34.26%	48.52%●
Net margin	30.94%	41.49%●
ROE	63.38%●	33.28%
ROIC	34.00%●	12.12%

Dividends

Metric	LRCX	MU
Dividend yield	0.26%●	0.05%
Payout ratio	24.22%	6.47%

Growth (annualized)

Metric	LRCX	MU
Revenue CAGR (5Y)	10.31%	20.34%●
EPS CAGR (5Y)	21.72%●	5.12%
FCF CAGR (5Y)	19.28%	140.90%●
Total return CAGR (5Y)	44.78%	68.50%●

Frequently asked

Which is better, LRCX or MU?: It depends on your goal. value: MU (lower P/E); growth: MU (faster 5Y revenue CAGR); quality: LRCX (higher ROIC). Across all compared metrics, MU leads 11 to 5.
Is LRCX or MU cheaper?: On trailing earnings, MU is cheaper: LRCX trades at a 73.38 P/E and MU at 51.34.
Which has grown faster, LRCX or MU?: Over the past five years, MU grew revenue faster — LRCX at a 10.31% CAGR versus MU at 20.34%.
Does LRCX or MU pay a bigger dividend?: LRCX yields 0.26% and MU yields 0.05% based on trailing dividends and the latest price.
Is LRCX or MU more profitable?: MU runs the higher net margin — LRCX at 30.94% versus MU at 41.49%.
Which has been the better investment, LRCX or MU?: Over the past 10-year, MU delivered the higher annualized total return — LRCX at 48.99% versus MU at 57.32%. Past performance doesn't predict future results.

Go deeper

Full LRCX analysis Full MU analysis Interactive comparison tool

Dig into the metrics

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

Lam Research & Micron Technology appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin 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 15, 2026.