Is LRCX or QCOM cheaper?

On trailing earnings, QCOM is cheaper: LRCX trades at a 69.21 P/E and QCOM at 22.72.

Which has grown faster, LRCX or QCOM?

Over the past five years, LRCX grew revenue faster — LRCX at a 10.31% CAGR versus QCOM at 8.63%.

Does LRCX or QCOM pay a bigger dividend?

LRCX yields 0.28% and QCOM yields 1.70% based on trailing dividends and the latest price.

Is LRCX or QCOM more profitable?

LRCX runs the higher net margin — LRCX at 30.94% versus QCOM at 22.31%.

Which has been the better investment, LRCX or QCOM?

Over the past 10-year, LRCX delivered the higher annualized total return — LRCX at 48.10% versus QCOM at 17.83%. Past performance doesn't predict future results.

Lam Research Corporation (LRCX) vs QUALCOMM Incorporated (QCOM)

LRCX leads on 9 of 17 compared metrics, though QCOM is the cheaper stock.

A side-by-side comparison of Lam Research Corporation and QUALCOMM Incorporated 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

$458.72B

$366.81Technology

QCOM

QUALCOMM Incorporated

$223.15B

$211.72Technology

Total return — LRCX vs QCOM

growth of $100 · last 30y

LRCX +36581.4%QCOM +7150.7%LRCX compounded faster

Log scale — wide-divergence pair

LRCX QCOM

LRCX vs QCOM: by the numbers

•LRCX is the larger company ($458.72B vs $223.15B market cap).
•QCOM trades at the lower earnings multiple (22.72 vs 69.21 P/E).
•LRCX converts more revenue to profit (30.94% vs 22.31% net margin).
•LRCX grew revenue faster over the past five years (10.31% vs 8.63% CAGR).
•QCOM pays the higher dividend yield (1.70% vs 0.28%).

Which is better, LRCX or QCOM?

Metric tally: LRCX 9 · QCOM 8

It depends on what you're optimizing for:

ValueQCOM(lower P/E)

GrowthLRCX(faster 5Y revenue CAGR)

IncomeQCOM(higher dividend yield)

QualityLRCX(higher ROIC)

Metrics side by side

Valuation

Metric	LRCX	QCOM
P/E ratio	69.21	22.72●
Forward P/E	45.79	19.72●
P/S ratio	21.27	5.10●
P/B ratio	43.57	8.32●
PEG ratio	0.54●	3.96
EV / EBITDA	57.60	16.71●
FCF yield	1.40%	5.51%●

Profitability

Metric	LRCX	QCOM
Gross margin	49.98%	54.80%●
Operating margin	34.26%●	25.52%
Net margin	30.94%●	22.31%
ROE	63.38%●	36.38%
ROIC	34.00%●	13.15%

Dividends

Metric	LRCX	QCOM
Dividend yield	0.28%	1.70%●
Payout ratio	24.22%	70.95%

Growth (annualized)

Metric	LRCX	QCOM
Revenue CAGR (5Y)	10.31%●	8.63%
EPS CAGR (5Y)	21.72%●	5.74%
FCF CAGR (5Y)	19.28%●	9.39%
Total return CAGR (5Y)	43.19%●	11.87%

Frequently asked

Which is better, LRCX or QCOM?: It depends on your goal. value: QCOM (lower P/E); growth: LRCX (faster 5Y revenue CAGR); income: QCOM (higher dividend yield); quality: LRCX (higher ROIC). Across all compared metrics, LRCX leads 9 to 8.
Is LRCX or QCOM cheaper?: On trailing earnings, QCOM is cheaper: LRCX trades at a 69.21 P/E and QCOM at 22.72.
Which has grown faster, LRCX or QCOM?: Over the past five years, LRCX grew revenue faster — LRCX at a 10.31% CAGR versus QCOM at 8.63%.
Does LRCX or QCOM pay a bigger dividend?: LRCX yields 0.28% and QCOM yields 1.70% based on trailing dividends and the latest price.
Is LRCX or QCOM more profitable?: LRCX runs the higher net margin — LRCX at 30.94% versus QCOM at 22.31%.
Which has been the better investment, LRCX or QCOM?: Over the past 10-year, LRCX delivered the higher annualized total return — LRCX at 48.10% versus QCOM at 17.83%. Past performance doesn't predict future results.

Go deeper

Full LRCX analysis Full QCOM analysis Interactive comparison tool

Dig into the metrics

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

Lam Research & QUALCOMM appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks Highest FCF Yield 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.