Lam Research Corporation (LRCX) vs QUALCOMM Incorporated (QCOM)
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 September 11, 2026. Differences are shown without an overall score or investment verdict.
LRCX
Lam Research Corporation
$298.22TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
QCOM
QUALCOMM Incorporated
$181.97TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — LRCX vs QCOM
growth of $100 · dividends reinvested · last 10yLRCX +3486.4% (+43.0%/yr)QCOM +266.6% (+13.9%/yr)LRCX compounded faster over this window
Log scale — wide-divergence pair
LRCX QCOM
LRCX vs QCOM: by the numbers
- •LRCX is the larger company ($372.94B vs $191.07B market cap).
- •QCOM trades at the lower trailing earnings multiple (20.77 vs 51.77 P/E), one valuation lens rather than an overall verdict.
- •LRCX converts more revenue to profit (31.27% vs 21.01% net margin).
- •LRCX grew revenue faster over the past five years (11.25% vs 6.23% CAGR).
- •QCOM pays the higher dividend yield (2.05% vs 0.35%).
Metrics side by side
Valuation
| Metric | LRCX | QCOM |
|---|---|---|
| P/E ratio | 51.77 | 20.77 |
| Forward P/E | 31.43 | 17.26 |
| P/S ratio | 16.05 | 4.34 |
| P/B ratio | 29.91 | 6.91 |
| EV / EBITDA | 42.99 | 17.11 |
| FCF yield | 1.21% | 5.45% |
Profitability
| Metric | LRCX | QCOM |
|---|---|---|
| Gross margin | 50.47% | 54.23% |
| Operating margin | 35.29% | 23.19% |
| Net margin | 31.27% | 21.01% |
| ROE | 58.26% | 33.48% |
| ROIC | 40.77% | 17.42% |
Dividends
| Metric | LRCX | QCOM |
|---|---|---|
| Dividend yield | 0.35% | 2.05% |
| Payout ratio | 18.06% | 41.32% |
Growth (annualized)
| Metric | LRCX | QCOM |
|---|---|---|
| Revenue CAGR (5Y) | 11.25% | 6.23% |
| EPS CAGR (5Y) | 16.30% | 2.02% |
| FCF CAGR (5Y) | 12.22% | 2.09% |
| Total return CAGR (5Y) | 39.31% | 6.80% |
Frequently asked
- Which has the lower trailing P/E, LRCX or QCOM?
- QCOM has the lower trailing P/E: LRCX trades at 51.77 and QCOM at 20.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LRCX or QCOM?
- Over the past five years, LRCX grew revenue faster — LRCX at a 11.25% CAGR versus QCOM at 6.23%.
- Does LRCX or QCOM pay a bigger dividend?
- LRCX yields 0.35% and QCOM yields 2.05% based on trailing dividends and the latest price.
- Is LRCX or QCOM more profitable?
- LRCX runs the higher net margin — LRCX at 31.27% versus QCOM at 21.01%.
- How have LRCX and QCOM total returns compared?
- Over the past 10 years, LRCX delivered 43.62% and QCOM delivered 14.33% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lam Research P/E ratioQUALCOMM P/E ratioLam Research dividend yieldQUALCOMM dividend yieldLam Research ROEQUALCOMM ROELam Research operating marginQUALCOMM operating marginLam Research revenue growthQUALCOMM revenue growthLam Research free cash flowQUALCOMM free cash flow
Lam Research & QUALCOMM 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 September 11, 2026.