Lam Research stock split: what it means for traders

Lam Research’s 2024 stock split followed earlier adjustments to its share structure and reflects a long-standing approach to managing how its equity is issued and traded.

By Dan Mitchell7 hours ago

Lam Research stock split — Photo: Shutterstock

While a split doesn’t change a company’s overall value, it does alter the way its shares are priced and distributed, shaping how the stock is accessed and monitored across the market.

Lam Research (LRCX) is one of the largest suppliers of wafer-fabrication equipment to the global semiconductor sector. Its tools support advanced memory, logic and AI-related manufacturing, placing the company at the centre of a supply chain that continues to evolve as chip complexity increases.

Lam Research (LRCX) live share price

Past performance is not a reliable indicator of future results.

What is a stock split?

A stock split is a corporate action that increases the number of a company’s outstanding shares while adjusting the share price in proportion to the split ratio. Although the price per share changes, the company’s overall market value and each investor’s proportional ownership remain the same at the moment the split takes effect.

Companies typically use stock splits to make high-priced shares appear more accessible to a wider base of investors and employees. Splits can also support liquidity by increasing the number of shares available to trade, which may help align the stock’s price with peers or internal capital-management objectives.

Lam Research’s 10-for-1 (2024) stock split

Lam Research completed a 10-for-1 forward stock split after the close of trading on 2 October 2024, with shares beginning to trade on a split-adjusted basis from 3 October 2024. The board approved the action earlier that year.

The split increased the total number of LRCX shares while reducing the quoted share price by the same ratio. At the point of implementation, Lam Research’s market capitalisation remained unchanged, as the adjustment only affected the number of shares and their individual price.

Why did Lam Research conduct the split?

In its May 2024 announcement, Lam Research combined the split with a $10bn share-repurchase authorisation as part of a broader capital-return plan. Management noted that a lower share price could make employee equity programmes more accessible to a larger share of its global workforce. Bringing the price into a lower range may also broaden investor accessibility, particularly for those who prefer purchasing whole shares rather than fractional units.

The announcement took place during a period of strong demand for etch and deposition tools used in advanced packaging and AI-related memory, supporting the company’s decision to pursue a capital-return strategy alongside ongoing investments in manufacturing capacity and technology development.

Will Lam Research split again in 2026?

As of early December 2025, there is no public indication that another Lam Research stock split is planned for 2026. No official company statements, regulatory filings or board disclosures reference a forthcoming split. Analysts covering the business have not identified a new split as an expected event in their main commentary on the 2025–2026 period.

Any discussion of a future split remains speculative. Decisions of this kind will depend on Lam Research’s board, prevailing market conditions, the firm’s share-price trajectory and its capital-management priorities at the time. As with all corporate actions, outcomes and timing can’t be assumed in advance.

Lam Research stock split history

Date	Split ratio	Notes
16 September 1993	3-for-2	First recorded split, carried out during an earlier expansion phase in the semiconductor industry.
17 March 2000	3-for-1	Occurred during a major tech cycle, marked by elevated demand for memory and logic equipment.
2–3 October 2024	10-for-1 forward	Most recent split; effective after the market close on 2 October, with split-adjusted trading from 3 October 2024.

Taken together, these actions mean that one share held before the 1993 split corresponds to 45 split-adjusted shares today. Earlier splits reflected the semiconductor industry’s growth cycles at the time, including periods of increased demand for advanced processing tools.

Outlook and upcoming developments

Lam Research has also emphasised several operational priorities:

Strengthening supply-chain resilience to support timely delivery of complex systems
Advancing tool innovation with a focus on productivity, energy efficiency and process capability
Supporting manufacturers as they transition to more advanced nodes and packaging technologies

In addition to these themes, market participants typically monitor a range of upcoming developments, including:

Quarterly earnings and guidance throughout FY 2026
Updates on WFE spending forecasts, which often influence demand expectations
Any changes to capital-return plans, such as buybacks or dividends
Corporate announcements relating to future stock-split considerations, although none are currently indicated

Taken together, these points suggest that Lam Research’s near-term outlook will remain closely linked to broader industry dynamics, particularly investment cycles in AI-related memory and advanced logic.

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FAQ

When did Lam Research stock split?

Lam Research’s most recent stock split was a 10-for-1 forward split approved by the board in May 2024. It became effective in early October 2024. Before this, the company carried out two earlier splits: a 3-for-1 split in March 2000 and a 3-for-2 split in September 1993. Together, these form the company’s three-event split history.

When did the Lam Research stock split take effect?

The 10-for-1 split became effective at 5pm Eastern Time on 2 October 2024 for shareholders of record at that time. Trading on a split-adjusted basis began when the market opened on 3 October 2024. The stock continued to trade under the ticker LRCX.

Did Lam Research have a stock split before?

Yes. Lam Research carried out two stock splits before the 2024 action. The first was a 3-for-2 split in September 1993, followed by a 3-for-1 split in March 2000. Both took place during earlier periods of expansion in semiconductor manufacturing and preceded the 2024 forward split.

How many times has Lam Research stock split?

Lam Research has split its stock three times: in 1993, 2000 and 2024. When combined, these actions mean that one share held before the 1993 split now represents 45 shares on a split-adjusted basis. The sequence reflects the company’s long-term approach to managing its share structure.

How much was Lam Research stock after the split?

Following the 10-for-1 split, the share price adjusted mechanically from the low-$800 range to roughly one-tenth of that value, placing the stock in the low-$80 range immediately after the action. Historical pricing from late 2024 shows shares trading in the mid- to high-$70s in the weeks that followed. These movements reflected normal market activity rather than any change in the company’s underlying value, as market capitalisation remained broadly unchanged at the time.

Past performance is not a reliable indicator of future results.

Why did Lam Research split its stock?

Lam Research linked the 2024 stock split to a broader capital-return programme that included a $10bn share-repurchase authorisation. The company noted that the split could make its shares more accessible, particularly for employees participating in equity programmes, and might support liquidity for a wider investor base. The decision formed part of Lam’s wider capital-management approach during a period of elevated demand for advanced semiconductor equipment.

Will Lam Research split again?

As of 4 December 2025, there is no public indication of another Lam Research stock split. Regulatory filings, investor-relations materials and company announcements do not reference a further action, and analysts have not identified one as a near-term expectation. Any future split would require board approval and would depend on the company’s capital-management priorities and market conditions at the time.

What was the most recent Lam Research stock split date?

The most recent stock split was the 10-for-1 forward split effective on 2 October 2024. Shares began trading on a split-adjusted basis on 3 October 2024. This remains the latest event in Lam Research’s split history.

How can I trade Lam Research CFDs on Capital.com?

You can trade Lam Research CFDs on Capital.com by opening an account, completing verification and searching for LRCX in the platform or app. CFDs let you speculate on price movements without owning the underlying shares, and you can trade in either direction depending on your approach. Contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses.