As of Q2'26, LRCX's P/E Ratio stands at 34.75, marking the highest level observed in the period covered by the chart. This latest data point reflects a notable increase from the previous quarter, where the P/E Ratio was 32.79. Over the period from Q3'23 to Q2'26, the P/E Ratio for LRCX has demonstrated significant volatility, with sharp rises and falls. After starting at 14.05 in Q3'23, the ratio surged to above 32 in Q2'24, then declined to around 19.61 by Q3'25, before rebounding strongly to its current peak. This pattern suggests periods of both investor optimism and caution, with recent quarters showing renewed upward momentum.