Lam Research Corporation (LRCX) vs Micron Technology, Inc. (MU)
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 October 4, 2026. Differences are shown without an overall score or investment verdict.
LRCX
Lam Research Corporation
$347.49TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
MU
Micron Technology, Inc.
$1,074.89TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — LRCX vs MU
growth of $100 · dividends reinvested · last 10yLRCX +4167.4% (+45.6%/yr)MU +6160.5% (+51.2%/yr)MU compounded faster over this window
LRCX MU
LRCX vs MU: by the numbers
- •MU is the larger company ($1.21T vs $434.56B market cap).
- •MU trades at the lower trailing earnings multiple (14.48 vs 60.33 P/E), one valuation lens rather than an overall verdict.
- •MU converts more revenue to profit (63.80% vs 31.27% net margin).
- •MU grew revenue faster over the past five years (36.88% vs 11.25% CAGR).
- •LRCX pays the higher dividend yield (0.30% vs 0.04%).
Metrics side by side
Valuation
| Metric | LRCX | MU |
|---|---|---|
| P/E ratio | 60.33 | 14.48 |
| Forward P/E | 36.68 | 6.26 |
| PEG ratio | 3.67 | 0.21 |
| P/S ratio | 18.70 | 9.11 |
| P/B ratio | 34.85 | 8.77 |
| EV / EBITDA | 50.12 | 10.84 |
| FCF yield | N/A | 4.36% |
Profitability
| Metric | LRCX | MU |
|---|---|---|
| Gross margin | 50.47% | 80.72% |
| Operating margin | 35.29% | 74.59% |
| Net margin | 31.27% | 63.80% |
| ROE | 58.26% | 61.40% |
| ROIC | 40.77% | 58.99% |
Dividends
| Metric | LRCX | MU |
|---|---|---|
| Dividend yield | 0.30% | 0.04% |
| Payout ratio | 18.06% | 0.56% |
Growth (annualized)
| Metric | LRCX | MU |
|---|---|---|
| Revenue CAGR (5Y) | 11.25% | 36.88% |
| EPS CAGR (5Y) | 16.30% | 70.47% |
| FCF CAGR (5Y) | N/A | 85.01% |
| Total return CAGR (5Y) | 45.00% | 72.99% |
Frequently asked
- Which has the lower trailing P/E, LRCX or MU?
- MU has the lower trailing P/E: LRCX trades at 60.33 and MU at 14.48. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LRCX or MU?
- Over the past five years, MU grew revenue faster — LRCX at a 11.25% CAGR versus MU at 36.88%.
- Does LRCX or MU pay a bigger dividend?
- LRCX yields 0.30% and MU yields 0.04% based on trailing dividends and the latest price.
- Is LRCX or MU more profitable?
- MU runs the higher net margin — LRCX at 31.27% versus MU at 63.80%.
- How have LRCX and MU total returns compared?
- Over the past 10 years, LRCX delivered 45.25% and MU delivered 51.07% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lam Research P/E ratioMicron Technology P/E ratioLam Research dividend yieldMicron Technology dividend yieldLam Research ROEMicron Technology ROELam Research operating marginMicron Technology operating marginLam Research revenue growthMicron Technology revenue growthLam Research free cash flowMicron Technology free cash flow
Lam Research & Micron Technology appear in these rankings
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 October 4, 2026.