AAPL
Apple Inc.
AAPL has slightly lower modeled downside risk, despite its lower overall score.
LRCX
Lam Research Corporation
LRCX has the edge over AAPL overall, supported by stronger modeled upside and stronger fundamentals.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
LRCX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
LRCX's revenue, profitability, cash flow and balance sheet are all currently strong.
AAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $230 | -35% |
| Fair | 31x | $279 | -21% |
| Expensive | 37x | $328 | -7.5% |
| Forward | 38x | $355 | — |
| Current | 40x | $355 | — |
Historical ranges are pointers, not guarantees.
AAPL has the edge over LRCX in the historical PE scenario, which offers more potential upside but is not a forecast.
LRCX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $109 | -53% |
| Forward | 23x | $234 | — |
| Fair | 24x | $161 | -31% |
| Expensive | 35x | $236 | +0.9% |
| Current | 35x | $234 | — |
Historical ranges are pointers, not guarantees.
LRCX's PE is in its expensive range at 35x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, in its fair range.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
LRCX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
LRCX has the edge over AAPL on the outlook, with more favorable valuation and profitability expectations.
AAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.28 | +3.3% |
| Q3 2026 | $8.98 | +20% |
| Q2 2026 | $8.71 | +32% |
| Q1 2026 | $8.26 | +29% |
| Q4 2025 | $7.90 | +25% |
| Q3 2025 | $7.46 | +23% |
| Q2 2025 | $6.59 | +0.2% |
| Q1 2025 | $6.42 | -0.3% |
| Q4 2024 | $6.30 | -2% |
AAPL earned $8.98 per share over the past year, up 20% from the year before.
LRCX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.20 | +52% |
| Q3 2026 | $6.71 | +48% |
| Q2 2026 | $5.76 | +39% |
| Q1 2026 | $5.29 | +47% |
| Q4 2025 | $4.87 | +48% |
| Q3 2025 | $4.53 | +47% |
| Q2 2025 | $4.15 | +43% |
| Q1 2025 | $3.59 | +32% |
| Q4 2024 | $3.29 | +27% |
LRCX has the edge over AAPL on earnings, with more consistent year-over-year improvement.
AAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5B | +12% |
| Q2 2026 | $109.4B | +16% |
| Q1 2026 | $111.2B | +17% |
| Q4 2025 | $143.8B | +16% |
| Q3 2025 | $102.5B | +7.9% |
| Q2 2025 | $94B | +9.6% |
| Q1 2025 | $95.4B | +5.1% |
| Q4 2024 | $124.3B | +4% |
AAPL's revenue has grown year over year for 10 quarters in a row: $114B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.5 points |
| Q2 2026 | 33% | +2.6 points |
| Q1 2026 | 32% | +1.3 points |
| Q4 2025 | 35% | +0.9 points |
| Q3 2025 | 32% | +0.5 points |
| Q2 2025 | 30% | +0.4 points |
| Q1 2025 | 31% | +0.3 points |
| Q4 2024 | 34% | +0.7 points |
AAPL's operating margin was 31% last quarter, down 0.5 points from the same quarter a year ago.
LRCX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.2B | +54% |
| Q2 2026 | $6.7B | +30% |
| Q1 2026 | $5.8B | +24% |
| Q4 2025 | $5.3B | +22% |
| Q3 2025 | $5.3B | +28% |
| Q2 2025 | $5.2B | +34% |
| Q1 2025 | $4.7B | +24% |
| Q4 2024 | $4.4B | +16% |
LRCX has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +5.6 points |
| Q2 2026 | 37% | +3.7 points |
| Q1 2026 | 35% | +1.9 points |
| Q4 2025 | 34% | +3.4 points |
| Q3 2025 | 34% | +4 points |
| Q2 2025 | 34% | +4.6 points |
| Q1 2025 | 33% | +5.2 points |
| Q4 2024 | 30% | +2.4 points |
LRCX has the edge over AAPL on profitability, with a higher operating margin.
AAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $25.9B | -2.4% |
| Q2 2026 | $31.9B | +31% |
| Q1 2026 | $26.7B | +28% |
| Q4 2025 | $51.6B | +91% |
| Q3 2025 | $26.5B | +11% |
| Q2 2025 | $24.4B | -8.6% |
| Q1 2025 | $20.9B | +0.9% |
| Q4 2024 | $27B | -28% |
AAPL has the edge over LRCX on cash flow, with more consistent year-over-year improvement.
LRCX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +103% |
| Q2 2026 | $1.3B | -47% |
| Q1 2026 | $809.8M | -21% |
| Q4 2025 | $1.2B | +120% |
| Q3 2025 | $1.6B | +9.3% |
| Q2 2025 | $2.4B | +213% |
| Q1 2025 | $1B | -20% |
| Q4 2024 | $553.6M | -59% |
LRCX's free cash flow has been positive every quarter for seven years: $6.5B over the past year, up 18% from the year before.
AAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5.6M shares |
| 1 year | -1.9% | -284M shares |
| 3 years | -6.9% | -1.1B shares |
| 5 years | -13% | -2.1B shares |
| Available history | -17% | -3.1B shares |
AAPL has the edge over LRCX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.3B |
| Q2 2026 | $25.1B |
| Q1 2026 | $12.3B |
| Q4 2025 | $24.7B |
| Q3 2025 | $20.1B |
| Q2 2025 | $21.1B |
| Q1 2025 | $25.9B |
| Q4 2024 | $23.6B |
AAPL spent $86.4B buying back its own shares over the past year, down 4.8% from the year before.
LRCX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -5.3M shares |
| 1 year | -1.1% | -13.5M shares |
| 3 years | -5.7% | -75.9M shares |
| 5 years | -12% | -170M shares |
| Available history | -16% | -245M shares |
LRCX has 1.3B diluted shares, down 1.1% from a year ago, with $3.9B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1B |
| Q2 2026 | $246.6M |
| Q1 2026 | $1.2B |
| Q4 2025 | $1.5B |
| Q3 2025 | $975.8M |
| Q2 2025 | $1.3B |
| Q1 2025 | $435.3M |
| Q4 2024 | $697.7M |
LRCX spent $3.9B buying back its own shares over the past year, up 15% from the year before.
AAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
AAPL's net debt is less than a year of its operating earnings (EBITDA).
LRCX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
LRCX has the edge over AAPL on leverage, with a lower net debt burden relative to earnings.
AAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.1 | Neutral |
| Stochastic | 85.0 | Overbought |
AAPL's weekly RSI is 68 (neutral) and its Stochastic is 85 (overbought).
LRCX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 16.7 | Oversold |
LRCX's weekly RSI is 43 (neutral) and its Stochastic is 17 (oversold).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL is trading at 40x earnings, a 42% premium to the Technology sector's median of 28x.
LRCX PE vs Technology Sector
| Metric | LRCX | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 28x | 25% above |
| PE % | 82 | 35 | 47 pts above |
LRCX has the edge over AAPL on valuation relative to its sector.
AAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $343.1 | 3.4% above |
| 20 week MA | $329.0 | 7.9% above |
| 50 week MA | $295.6 | 20% above |
| 100 week MA | $262.4 | 35% above |
| 200 week MA | $226.3 | 57% above |
AAPL has the edge over LRCX on trend strength, trading above more of its moving averages.
LRCX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $268.6 | 13% below |
| 20 week MA | $295.8 | 21% below |
| 50 week MA | $267.5 | 13% below |
| 100 week MA | $182.7 | 28% above |
| 200 week MA | $128.3 | 82% above |
LRCX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 82% above its 200-week average.
AAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.5 | $132.0 | +82% |
| 2021 | $132.0 | $176.3 | +34% |
| 2022 | $176.3 | $131.9 | -25% |
| 2023 | $131.9 | $192.5 | +46% |
| 2024 | $192.5 | $255.6 | +33% |
| 2025 | $255.6 | $273.4 | +7% |
| 2026 YTD | $273.4 | $354.9 | +30% |
AAPL has finished higher in five of the last six years. It's up 30% so far in 2026.
LRCX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.4 | $48.0 | +64% |
| 2021 | $48.0 | $69.9 | +45% |
| 2022 | $69.9 | $41.2 | -41% |
| 2023 | $41.2 | $78.3 | +90% |
| 2024 | $78.3 | $73.4 | -6.3% |
| 2025 | $73.4 | $178.1 | +143% |
| 2026 YTD | $178.1 | $233.8 | +31% |
LRCX has the edge over AAPL on returns for 2026, with the stronger performance.