Head-to-head · free
Lam Research vs Micron Technology, Inc.
LRCX vs MU — return on capital, cash generation, margins and balance sheet side by side.
LRCX
5 / 8
measures where LRCX leads
MU
3 / 8
measures where MU leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | LRCX · FY2026 | MU · FY2026 |
|---|---|---|
| Revenue | $23.2B | $133.2B |
| Net income | $7.3B | $85.0B |
| Revenue growth (yearly, multi-year) | 7.8% | 44.3% |
| Free cash flow | — | $59.0B |
| Free cash flow margin | — | 44.3% |
| Net cash / (debt) | — | — |
| ROIC | 46.0% | 13.3% |
| Return on equity | 65.1% | 17.2% |
| Gross margin | 50.5% | 39.8% |
| Operating margin | 35.3% | 26.2% |
| Net debt / EBITDA | -0.21x | 0.10x |
Figures are as reported by each company; latest fiscal year shown.
Where Lam Research's cash went (FY2026)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where Micron Technology, Inc.'s cash went (FY2026)
- Capital spending
- $30.7B
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free