Analog Devices vs Lam Research (ADI vs LRCX)
Analog Devices (ADI) vs Lam Research (LRCX) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Analog Devices (ADI) and Lam Research (LRCX) compete in semiconductors. Here are Analog Devices and Lam Research side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Analog Devices or Lam Research.
Analog Devices vs Lam Research: the figures
| Figure | Analog Devices | Lam Research |
|---|---|---|
| Share price | $406.24 (November 4, 2026) | $221.43 (November 4, 2026) |
| Market cap | $196.8 billion | $277.1 billion |
| P/E (TTM) | 48.2x | 33.0x |
| Forward P/E | 24.6x | 18.1x |
| Revenue growth (quarter) | +39.6% | +54.4% |
| Net margin (TTM) | 29.8% | 32.3% |
| Net debt / EBITDA | 1.0x | Net cash |
| Dividend yield | 1.05% | 0.57% |
| Beta | 1.26 | 2.01 |
Analog Devices and Lam Research figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Analog Devices or Lam Research figure is not available, and we never estimate it.
3 key differences between Analog Devices and Lam Research
- Growth: Lam Research grew sales +54.4% year on year in its latest quarter, against +39.6% for Analog Devices.
- Valuation: Analog Devices trades at 48.2x its annual earnings and Lam Research at 33.0x; the market pays more for each dollar of Analog Devices profit, usually because it expects more growth.
- Volatility: Lam Research stock moves more (beta 2.01) than Analog Devices (beta 1.26); the higher the beta, the more it amplifies market swings.
Analog Devices or Lam Research: which fits your profile
- If you want growth: Lam Research is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Analog Devices pays the higher dividend relative to its price.
- If you prefer caution: Lam Research has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Lam Research trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Analog Devices nor Lam Research wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Analog Devices and Lam Research make money
Analog Devices (ADI)
Analog Devices designs analog, mixed-signal and power-management chips that translate real-world signals like sound, motion and temperature into digital data. It reports sales by end market: Industrial is the largest, followed by Automotive, Communications and Consumer. Customers include makers of factory equipment, cars, network gear and personal devices. Full Analog Devices analysis.
Lam Research (LRCX)
Lam Research sells etch and deposition tools that memory and logic chipmakers use on their production lines. Revenue splits between new systems and its Customer Support Business Group, which earns money from spare parts, upgrades and field service on the installed base. China, Taiwan and South Korea are its biggest regions. Full Lam Research analysis.
Frequently asked questions: Analog Devices vs Lam Research
Is Analog Devices or Lam Research the better stock?
Choosing between Analog Devices and Lam Research depends on what you are looking for. Lam Research is growing faster right now, and Lam Research trades on the lower P/E. Fintols does not tell you whether to buy Analog Devices or Lam Research: it shows you the differences so you can decide.
Which pays a higher dividend, Analog Devices or Lam Research?
As of November 4, 2026, Analog Devices yields 1.05% and Lam Research yields 0.57%. Also check how much of their profit Analog Devices and Lam Research pay out: if it is more than they earn, it cannot last.
Which is more expensive, Analog Devices or Lam Research?
On P/E, Analog Devices (48.2x) is more expensive than Lam Research (33.0x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Analog Devices and Lam Research?
Yes. Many people spread their money across several companies, such as Analog Devices and Lam Research, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Analog Devices or Lam Research.
More comparisons with Analog Devices or Lam Research
More companies like Analog Devices and Lam Research: semiconductors stocks. Educational content about Analog Devices and Lam Research, not investment advice.