Lam Research (LRCX)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P 500Nasdaq-100

$200.44

+15.24 (+8.23%)

Close of Nov 06, 2026 · end-of-day data

Source: Lam Research's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$8.01B	$11.08B	$9.65B	$10.04B	$14.63B	$17.23B	$17.43B	$14.91B	$18.44B	$23.23B
Cost of revenue	$4.41B	$5.91B	$5.30B	$5.44B	$7.82B	$9.36B	$9.65B	$7.85B	$9.46B	$11.51B
Gross profit	$3.60B	$5.17B	$4.36B	$4.61B	$6.81B	$7.87B	$7.78B	$7.05B	$8.98B	$11.73B
Research & development	$1.03B	$1.19B	$1.19B	$1.25B	$1.49B	$1.60B	$1.73B	$1.90B	$2.10B	$2.38B
Selling, general & admin	$667.49M	$762.22M	$702.41M	$682.48M	$829.88M	$885.74M	$832.75M	$868.25M	$981.70M	$1.15B
Operating income	$1.90B	$3.21B	$2.46B	$2.67B	$4.48B	$5.38B	$5.17B	$4.26B	$5.90B	$8.20B
Interest expense	$117.73M	$97.39M	$117.26M	$177.44M	$208.60M	$184.76M	$186.46M	$185.24M	$178.20M	$156.88M
Pre-tax income	$1.81B	$3.15B	$2.45B	$2.57B	$4.37B	$5.19B	$5.11B	$4.36B	$5.96B	$8.26B
Income tax	$113.91M	$771.11M	$255.14M	$323.23M	$462.35M	$587.83M	$598.28M	$532.45M	$599.91M	$997.08M
Net income	$1.70B	$2.38B	$2.19B	$2.25B	$3.91B	$4.61B	$4.51B	$3.83B	$5.36B	$7.27B
EBITDA	$2.21B	$3.54B	$2.77B	$2.94B	$4.79B	$5.72B	$5.52B	$4.62B	$6.29B	$8.64B
EPS (basic)	$10.47	$14.73	$14.37	$15.55	$27.22	$32.92	$3.33	$2.91	$4.17	$5.79
EPS (diluted)	$9.24	$13.17	$13.70	$15.10	$26.90	$32.75	$3.32	$2.90	$4.15	$5.76
Diluted shares	183.77M	180.78M	159.91M	149.09M	145.32M	140.63M	1.36B	1.32B	1.29B	1.26B
Gross margin	45.0%	46.6%	45.1%	45.9%	46.5%	45.7%	44.6%	47.3%	48.7%	50.5%
Operating margin	23.7%	29.0%	25.5%	26.6%	30.6%	31.2%	29.7%	28.6%	32.0%	35.3%
Net margin	21.2%	21.5%	22.7%	22.4%	26.7%	26.7%	25.9%	25.7%	29.1%	31.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$2.38B	$4.51B	$3.66B	$4.92B	$4.42B	$3.52B	$5.34B	$5.85B	$6.39B	$5.58B
Receivables	$1.67B	$2.18B	$1.46B	$2.10B	$3.03B	$4.31B	$2.82B	$2.52B	$3.38B	$5.34B
Inventory	$1.23B	$1.88B	$1.54B	$1.90B	$2.69B	$3.97B	$4.82B	$4.22B	$4.31B	$4.28B
Total current assets	$9.14B	$9.15B	$8.56B	$10.85B	$11.65B	$12.29B	$13.23B	$12.88B	$14.52B	$15.61B
Goodwill	$1.39B	$1.48B	$1.48B	$1.48B	$1.49B	$1.52B	$1.62B	$1.60B	$1.63B	$1.63B
Total assets	$12.12B	$12.48B	$12.00B	$14.56B	$15.89B	$17.20B	$18.78B	$18.74B	$21.35B	$23.53B
Total current liabilities	$2.95B	$3.15B	$2.37B	$3.16B	$3.53B	$4.56B	$4.18B	$4.34B	$6.57B	$5.94B
Short-term debt	$908.44M	$610.03M	$667.13M	$839.88M	$0	$0	$421.00K	$501.32M	$749.67M	$147.00K
Long-term debt	$1.78B	$1.76B	$3.77B	$4.96B	$4.96B	$4.96B	$4.96B	$4.47B	$3.72B	$3.72B
Total debt	$2.69B	$2.37B	$4.43B	$5.80B	$4.96B	$4.96B	$4.97B	$4.97B	$4.47B	$3.72B
Total liabilities	$5.14B	$5.90B	$7.28B	$9.38B	$9.86B	$10.92B	$10.57B	$10.21B	$11.48B	$11.06B
Shareholders' equity	$6.82B	$6.50B	$4.67B	$5.17B	$6.03B	$6.28B	$8.21B	$8.54B	$9.86B	$12.47B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$2.03B	$2.66B	$3.18B	$2.13B	$3.59B	$3.10B	$5.18B	$4.65B	$6.17B	$5.86B
Capital expenditures	$157.42M	$273.47M	$303.49M	$203.24M	$349.10M	$546.03M	$501.57M	$396.67M	$759.19M	$966.40M
Free cash flow	$1.87B	$2.38B	$2.87B	$1.92B	$3.24B	$2.55B	$4.68B	$4.26B	$5.41B	$4.89B
Investing cash flow	-$2.05B	$2.75B	-$1.64B	-$244.08M	$73.27M	$612.27M	-$534.56M	-$370.61M	-$708.09M	-$922.15M
Financing cash flow	-$2.63B	-$3.27B	-$2.39B	-$623.93M	-$4.17B	-$4.58B	-$2.83B	-$4.00B	-$4.94B	-$5.72B
Dividends paid	$243.50M	$307.61M	$678.35M	$656.84M	$726.99M	$815.29M	$907.91M	$1.02B	$1.15B	$1.27B
Share buybacks	$811.67M	$2.65B	$3.78B	$1.37B	$2.70B	$3.87B	$2.02B	$2.84B	$3.42B	$3.85B
Stock-based compensation	$149.97M	$172.22M	$187.23M	$189.20M	$220.16M	$259.06M	$286.60M	$293.06M	$343.37M	$386.38M
Depreciation & amortization	$306.90M	$326.39M	$309.28M	$268.52M	$307.15M	$333.74M	$342.43M	$359.70M	$386.28M	$441.53M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$3.76B	$3.79B	$3.87B	$4.17B	$4.38B	$4.72B	$5.17B	$5.32B	$5.34B	$5.84B	$6.72B	$8.22B
Cost of revenue	$2.00B	$1.99B	$2.03B	$2.17B	$2.30B	$2.41B	$2.58B	—	—	—	—	—
Gross profit	$1.76B	$1.80B	$1.84B	$2.00B	$2.07B	$2.31B	$2.59B	$2.68B	$2.65B	$2.91B	$3.48B	$4.30B
Research & development	$469.71M	$512.27M	$497.83M	$495.36M	$494.95M	$525.90M	$580.18M	$576.45M	$573.30M	$583.20M	$642.92M	$666.40M
Selling, general & admin	$228.84M	$215.90M	$216.48M	$243.13M	$244.15M	$226.02M	$268.40M	$279.35M	$267.65M	$280.31M	$322.33M	$348.73M
Operating income	$1.06B	$1.06B	$1.13B	$1.26B	$1.33B	$1.56B	$1.74B	$1.83B	$1.81B	$2.05B	$2.51B	$3.28B
Interest expense	$46.31M	$47.15M	$46.44M	$44.95M	$45.30M	$45.18M	$42.77M	$42.47M	$40.88M	$39.33M	$34.20M	$36.76M
Pre-tax income	$1.09B	$1.09B	$1.15B	$1.29B	$1.35B	$1.54B	$1.78B	$1.86B	$1.84B	$2.01B	$2.56B	$3.31B
Income tax	$132.78M	$127.36M	$134.07M	$177.83M	$157.13M	$206.06M	$58.89M	$290.50M	$242.62M	$186.10M	$277.86M	$559.08M
Net income	$954.27M	$965.83M	$1.02B	$1.12B	$1.19B	$1.33B	$1.72B	$1.57B	$1.59B	$1.83B	$2.28B	$2.75B
EBITDA	$1.15B	$1.15B	$1.21B	$1.36B	$1.43B	$1.66B	$1.84B	$1.93B	$1.91B	$2.16B	$2.63B	$3.41B
EPS (basic)	$0.72	$0.74	$0.78	$0.86	$0.93	$1.04	$1.35	$1.24	$1.27	$1.46	$1.82	$2.20
EPS (diluted)	$0.72	$0.73	$0.78	$0.86	$0.92	$1.03	$1.34	$1.24	$1.26	$1.45	$1.81	$2.19
Diluted shares	1.32B	1.32B	-2.87M	1.30B	1.29B	1.29B	-4.40M	1.27B	1.26B	1.26B	-1.69M	1.26B
Gross margin	46.8%	47.5%	47.5%	48.0%	47.4%	49.0%	50.1%	50.4%	49.6%	49.8%	51.7%	52.3%
Operating margin	28.1%	27.9%	29.1%	30.3%	30.5%	33.1%	33.7%	34.4%	33.9%	35.0%	37.4%	40.0%
Net margin	25.4%	25.5%	26.4%	26.8%	27.2%	28.2%	33.3%	29.5%	29.8%	31.2%	33.9%	33.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$5.62B	$5.67B	$5.85B	$6.07B	$5.67B	$5.45B	$6.39B	$6.69B	$6.18B	$4.75B	$5.58B	$7.44B
Receivables	$2.71B	$2.20B	$2.52B	$2.94B	$3.30B	$3.23B	$3.38B	$3.63B	$3.49B	$4.13B	$5.34B	$5.66B
Inventory	$4.43B	$4.32B	$4.22B	$4.21B	$4.36B	$4.46B	$4.31B	$4.10B	$4.04B	$4.00B	$4.28B	$4.55B
Total current assets	$13.05B	$12.49B	$12.88B	$13.49B	$13.61B	$13.46B	$14.52B	$14.81B	$14.02B	$13.30B	$15.61B	$18.12B
Goodwill	$1.63B	$1.63B	$1.60B	$1.60B	—	—	$1.63B	—	—	—	$1.63B	—
Total assets	$18.78B	$18.28B	$18.74B	$19.53B	$19.84B	$19.97B	$21.35B	$21.90B	$21.39B	$20.79B	$23.53B	$26.35B
Total current liabilities	$4.27B	$4.43B	$4.34B	$5.34B	$5.35B	$5.49B	$6.57B	$6.71B	$6.21B	$5.24B	$5.94B	$7.31B
Short-term debt	$3.78M	$505.07M	$501.32M	$504.68M	$504.14M	$754.31M	$749.67M	$754.36M	$754.01M	$4.09M	$147.00K	$3.49M
Long-term debt	$4.98B	$4.48B	$4.47B	$4.48B	$4.48B	$3.73B	$3.72B	$3.73B	$3.73B	$3.73B	$3.72B	$3.73B
Total debt	$4.98B	$4.98B	$4.97B	$4.98B	$4.98B	$4.48B	$4.47B	$4.48B	$4.48B	$3.73B	$3.72B	$3.74B
Total liabilities	$10.56B	$10.26B	$10.21B	$11.06B	$11.03B	$10.46B	$11.48B	$11.71B	$11.25B	$10.21B	$11.06B	$12.44B
Shareholders' equity	$8.22B	$8.02B	$8.54B	$8.47B	$8.81B	$9.51B	$9.86B	$10.19B	$10.15B	$10.58B	$12.47B	$13.91B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$1.45B	$1.38B	$862.43M	$1.57B	$741.94M	$1.31B	$2.55B	$1.78B	$1.48B	$1.14B	$1.46B	$3.50B
Capital expenditures	$115.28M	$103.65M	$100.75M	$110.59M	$188.35M	$288.06M	$172.19M	$185.12M	$260.88M	$331.60M	$188.80M	$257.70M
Free cash flow	$1.34B	$1.28B	$761.68M	$1.46B	$553.59M	$1.02B	$2.38B	$1.59B	$1.22B	$809.82M	$1.27B	$3.24B
Investing cash flow	-$101.96M	-$92.36M	-$101.61M	-$110.55M	-$175.38M	-$292.92M	-$129.25M	-$186.05M	-$257.78M	-$334.58M	-$143.74M	-$266.99M
Financing cash flow	-$859.89M	-$1.24B	-$574.15M	-$1.26B	-$935.23M	-$1.23B	-$1.51B	-$1.28B	-$1.73B	-$2.23B	-$480.31M	-$1.38B
Dividends paid	$264.41M	$262.71M	$261.46M	$260.99M	$297.63M	$295.72M	$295.21M	$291.98M	$327.51M	$325.83M	$325.32M	$325.40M
Share buybacks	$645.46M	$980.56M	$373.55M	$997.03M	$697.69M	$435.32M	$1.29B	$975.79M	$1.47B	$1.16B	$246.56M	$1.02B
Stock-based compensation	$69.90M	$76.85M	$79.09M	$80.01M	$81.96M	$87.11M	$94.29M	$97.24M	$88.54M	$96.62M	$103.98M	$114.70M
Depreciation & amortization	$90.94M	$89.92M	$88.36M	$94.30M	$96.20M	$97.34M	$98.44M	$101.64M	$103.92M	$116.32M	$119.64M	$122.07M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.