NASDAQ Shariah screener · October 2026

Is Lam Research Corporation (LRCX) Halal?

PASS

Lam Research Corporation · NASDAQ: LRCX · Technology

The short answer

Yes — Lam Research Corporation (LRCX) passes this Shariah stock screen. The Fremont, California wafer-fabrication equipment maker (deposition, etch and clean systems for chipmakers; ~23,300 employees) has no disclosed prohibited business lines. Its total debt of $3,734.6M is about 0.88% of its ~$425.6B market cap ($340.10, October 1, 2026), below the ~33% ceiling. Interest income of $196.2M is about 0.84% of FY2026 revenue ($23,232.7M), below the 5% non-compliant income ceiling. Zoya rates LRCX Shariah-compliant and Musaffa's Nasdaq-100 list shows it Halal; no ShariaPortfolio rating was found — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Lam Research Corporation (NASDAQ: LRCX), headquartered in Fremont, California and founded in 1980, describes itself in its FY2026 Form 10-K as "a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry", with core competencies in nanoscale manufacturing enablement, chemistry, plasma and fluidics, and advanced systems engineering. Its market position is in deposition, etch and clean equipment — thin-film deposition, plasma etching, photoresist stripping and wafer-cleaning systems that enable chipmakers (memory, foundry and logic manufacturers) to build smaller, faster, more efficient chips. It employs ~23,300 people. No prohibited lines are disclosed — no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Lam's Form 10-K for fiscal 2026 (fiscal year ended June 28, 2026), total debt was $3,734.6M — short-term debt $4.1M plus long-term debt $3,730.5M on the balance sheet. Against a market cap of about $425.6B (1,251,321,000 shares outstanding at August 4, 2026 × $340.10 on October 1, 2026), debt ÷ market cap is about 0.88%, below the ~33% ceiling. Cash and cash equivalents of $5,579.2M are about 1.31% of market cap (Lam holds no short-term marketable securities). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Lam's FY2026 10-K (MD&A) reports interest income of $196.2M ($196,189K; FY2025 was $231.3M, down on lower rates and lower average balances) against total revenue of $23,232.7M ($23,232,690K) — about 0.84% of revenue, below the 5% non-compliant income ceiling. (Zoya's LRCX page says interest income of $0, but the 10-K explicitly reports $196.2M — the 10-K is authoritative, and the ratio is far under 5% on either figure.) Gate 3 passes. Facts only.

Key figures used

Business: wafer fabrication equipment & services for the semiconductor industry — deposition, etch, clean (thin-film deposition, plasma etching, photoresist stripping, wafer cleaning); Fremont, CA; founded 1980; ~23,300 employees
Total debt: $3,734.6M (short-term $4.1M + long-term $3,730.5M) at Jun 28, 2026 — debt ÷ market cap ≈ 0.88% of ~$425.6B (1,251,321,000 shares × $340.10, Oct 1, 2026), under the ~33% ceiling
Cash: $5,579.2M cash & equivalents ≈ 1.31% of market cap (no short-term marketable securities)
Interest income: $196.2M vs FY2026 revenue $23,232.7M — ≈0.84% of revenue, under the 5% ceiling (Zoya's page says $0 — the 10-K's $196.2M is authoritative)
Zoya: Shariah-compliant (AAOIFI); Musaffa Nasdaq-100 list: Halal (rating 3); ShariaPortfolio: no rating found

Frequently asked questions

What does Lam Research do?

Lam Research Corporation (NASDAQ: LRCX), headquartered in Fremont, California and founded in 1980, describes itself in its FY2026 10-K as "a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry," with core competencies in nanoscale manufacturing enablement, chemistry, plasma and fluidics, and advanced systems engineering. Its market position is in deposition, etch and clean equipment — thin-film deposition, plasma etching, photoresist stripping and wafer-cleaning systems that enable chipmakers (memory, foundry and logic manufacturers) to build smaller, faster, more efficient chips. It employs ~23,300 people.

Why does Lam Research pass this Shariah stock screen?

Lam Research passes all three gates of this screen. Its business is semiconductor wafer-fabrication equipment with no disclosed prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment). Total debt of $3,734.6M is about 0.88% of its ~$425.6B market cap, below the ~33% ceiling. Interest income of $196.2M is about 0.84% of FY2026 revenue ($23,232.7M), below the 5% non-compliant income ceiling. Zoya rates LRCX Shariah-compliant and Musaffa's Nasdaq-100 list shows it Halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Lam Research's interest-bearing debt ratio?

Per Lam's Form 10-K for fiscal 2026 (fiscal year ended June 28, 2026), total debt was $3,734.6M — short-term debt $4.1M plus long-term debt $3,730.5M on the balance sheet. Against a market cap of about $425.6B (1,251,321,000 shares outstanding at August 4, 2026 × $340.10, October 1, 2026), debt ÷ market cap is about 0.88% — below the ~33% ceiling. Cash and cash equivalents of $5,579.2M are about 1.31% of market cap (Lam holds no short-term marketable securities).

What is Lam Research's non-compliant income ratio?

Lam's FY2026 10-K (MD&A) reports interest income of $196.2M ($196,189K; FY2025 was $231.3M, down on lower rates and lower average balances) against total revenue of $23,232.7M ($23,232,690K) — about 0.84% of revenue, below the 5% non-compliant income ceiling. Note: Zoya's LRCX page says interest income of $0, but the 10-K explicitly reports $196.2M — the 10-K is the authoritative source, and the ratio is far under 5% on either figure.

Do Zoya, Musaffa, or ShariaPortfolio cover Lam Research?

Zoya covers LRCX and states it is Shariah-compliant / halal under AAOIFI guidelines, based on the fiscal year ended June 28, 2026 (zoya.finance/stocks/lrcx) — though the page's FAQ text contains contradictory template variants, so only the lead assessment and underlying numbers are used. Musaffa's Nasdaq-100 compliance table lists Lam Research Corporation (LRCX) as "Halal" with rating 3 (the page's market-cap figure is stale, but the Halal listing is explicit). No ShariaPortfolio rating for LRCX was found — reported as absent, not invented. This page applies the screen directly from Lam's own filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).