LAM RESEARCH CORPORATION financials
Source: EDGAR filings · Built 2026-08-11T00:27:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 4.89B | 5.41B | 4.00B | 4.66B | 2.54B | 3.23B |
| EBITDA | 8.64B | 6.29B | 4.62B | 5.52B | 5.72B | 4.79B |
| Working Capital | 9.67B | 7.95B | 8.54B | 9.04B | 7.72B | 8.12B |
| Net Debt | -1.46B | -1.65B | -576.81M | -96.31M | 1.70B | 735.76M |
| Gross Margin | 50.47% | 48.70% | 47.32% | 44.62% | 45.69% | 46.53% |
| Operating Margin | 35.29% | 32.01% | 28.61% | 29.69% | 31.24% | 30.64% |
| Net Margin | 31.27% | 29.06% | 25.68% | 25.88% | 26.73% | 26.72% |
| Return on Equity (ROE) | 58.26% | 54.33% | 44.82% | 54.94% | 73.35% | 64.85% |
| Return on Assets (ROA) | 30.88% | 25.10% | 20.42% | 24.02% | 26.78% | 24.59% |
| Current Ratio | 2.63× | 2.21× | 2.97× | 3.16× | 2.69× | 3.30× |
| Debt-to-Equity | 0.33× | 0.48× | 0.62× | 0.64× | 0.83× | 0.86× |
| Effective Tax Rate | 12.07% | 10.07% | 12.21% | 11.71% | 11.32% | 10.58% |
| Cash Conversion Ratio | 0.81× | 1.15× | 1.22× | 1.15× | 0.67× | 0.92× |
| Accruals Ratio | 0.06× | -0.04× | -0.04× | -0.04× | 0.09× | 0.02× |
| SBC % of Revenue | 1.66% | 1.86% | 1.97% | 1.64% | 1.50% | 1.51% |
| CapEx Coverage | 6.03× | 8.09× | 7.13× | 10.03× | 5.56× | 10.11× |
| Free Cash Flow Per Share | $3.87 | $4.19 | $3.03 | $3.43 | $18.08 | $22.25 |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 23.23B | 18.44B | 14.91B | 17.43B | 17.23B | 14.63B |
| Cost of Goods and Services Sold | 11.51B | 9.46B | 7.85B | 9.65B | 9.36B | 7.82B |
| Gross Profit | 11.73B | 8.98B | 7.05B | 7.78B | 7.87B | 6.81B |
| Research and Development Expense | 2.38B | 2.10B | 1.90B | 1.73B | 1.60B | 1.49B |
| Selling, General and Administrative Expense | 1.15B | 981.70M | 868.25M | 832.75M | 885.74M | 829.88M |
| Operating Expenses | 3.53B | 3.08B | 2.79B | 2.60B | 2.49B | 2.32B |
| Operating Income (Loss) | 8.20B | 5.90B | 4.26B | 5.17B | 5.38B | 4.48B |
| Income Tax Expense (Benefit) | 997.08M | 599.91M | 532.45M | 598.28M | 587.83M | 462.35M |
| Net Income (Loss) Attributable to Parent | 7.27B | 5.36B | 3.83B | 4.51B | 4.61B | 3.91B |
| Earnings Per Share, Basic | $5.79 | $4.17 | $2.91 | $3.33 | $32.92 | $27.22 |
| Weighted Average Number of Shares Outstanding, Basic | 1.26B | 1.29B | 1.31B | 1.35B | 139.90M | 143.61M |
| Earnings Per Share, Diluted | $5.76 | $4.15 | $2.90 | $3.32 | $32.75 | $26.90 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.26B | 1.29B | 1.32B | 1.36B | 140.63M | 145.32M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.58B | 6.39B | 5.85B | 5.34B | 3.52B | 4.42B |
| Assets, Current | 15.61B | 14.52B | 12.88B | 13.23B | 12.29B | 11.65B |
| Assets | 23.53B | 21.35B | 18.74B | 18.78B | 17.20B | 15.89B |
| Long-term Debt | 3.72B | 4.47B | 4.97B | 4.97B | 4.96B | 4.96B |
| Liabilities, Current | 5.94B | 6.57B | 4.34B | 4.18B | 4.56B | 3.53B |
| Long-term Debt, Excluding Current Maturities | 3.72B | 3.72B | 4.47B | 4.96B | 4.96B | 4.96B |
| Liabilities | 11.06B | 11.48B | 10.21B | 10.57B | 10.92B | 9.86B |
| Stockholders' Equity Attributable to Parent | 12.47B | 9.86B | 8.54B | 8.21B | 6.28B | 6.03B |
| Common Stock, Shares, Outstanding | 1.25B | 1.27B | 1.30B | 133.30M | 136.97M | 142.50M |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 5.86B | 6.17B | 4.65B | 5.18B | 3.10B | 3.59B |
| Net Cash Provided by (Used in) Investing Activities | -922.15M | -708.09M | -370.61M | -534.56M | 612.27M | 73.27M |
| Payments for Repurchase of Common Stock | 3.85B | 3.42B | 2.84B | 2.02B | 3.87B | 2.70B |
| Payments of Dividends | 1.27B | 1.15B | 1.02B | 907.91M | 815.29M | 726.99M |
| Net Cash Provided by (Used in) Financing Activities | -5.72B | -4.94B | -4.00B | -2.83B | -4.58B | -4.17B |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.27B | 3.62B | 2.81B | 1.59B | 2.38B | 3.03B |
| EBITDA | 2.63B | — | — | 1.93B | 1.84B | — |
| Working Capital | 9.67B | 8.05B | 7.80B | 8.10B | 7.95B | 7.97B |
| Net Debt | -1.46B | -1.02B | -2.45B | -2.96B | -1.65B | -1.72B |
| Gross Margin | 51.75% | 49.83% | 49.60% | 50.43% | 50.08% | 49.02% |
| Operating Margin | 37.39% | 35.04% | 33.87% | 34.35% | 33.67% | 33.09% |
| Net Margin | 33.88% | 31.25% | 29.82% | 29.46% | 33.26% | 28.19% |
| Return on Equity (ROE) | 18.26% | 17.25% | 15.71% | 15.39% | 17.44% | 13.99% |
| Return on Assets (ROA) | 9.68% | 8.78% | 7.45% | 7.16% | 8.06% | 6.66% |
| Current Ratio | 2.63× | 2.54× | 2.26× | 2.21× | 2.21× | 2.45× |
| Debt-to-Equity | 0.33× | 0.35× | 0.37× | 0.37× | 0.48× | 0.39× |
| Effective Tax Rate | 10.87% | 9.25% | 13.21% | 15.63% | 3.31% | 13.41% |
| Cash Conversion Ratio | 0.64× | 2.41× | 2.04× | 1.13× | 1.48× | 2.72× |
| Accruals Ratio | 0.03× | -0.12× | -0.08× | -0.01× | -0.04× | -0.11× |
| SBC % of Revenue | 1.55% | 1.65% | 1.66% | 1.83% | 1.82% | 1.85% |
| CapEx Coverage | 7.72× | 5.66× | 7.31× | 9.61× | 14.83× | 6.17× |
| Free Cash Flow Per Share | $1.01 | $2.88 | $2.23 | $1.26 | $1.85 | $2.35 |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.72B | 5.84B | 5.34B | 5.32B | 5.17B | 4.72B |
| Cost of Goods and Services Sold | — | — | — | — | 2.58B | 2.41B |
| Gross Profit | 3.48B | 2.91B | 2.65B | 2.68B | 2.59B | 2.31B |
| Research and Development Expense | 642.92M | 583.20M | 573.30M | 576.45M | 580.18M | 525.90M |
| Selling, General and Administrative Expense | 322.33M | 280.31M | 267.65M | 279.35M | 268.40M | 226.02M |
| Operating Expenses | 965.25M | 863.51M | 840.96M | 855.79M | 848.58M | 751.93M |
| Operating Income (Loss) | 2.51B | 2.05B | 1.81B | 1.83B | 1.74B | 1.56B |
| Income Tax Expense (Benefit) | 277.86M | 186.10M | 242.62M | 290.50M | 58.89M | 206.06M |
| Net Income (Loss) Attributable to Parent | 2.28B | 1.83B | 1.59B | 1.57B | 1.72B | 1.33B |
| Earnings Per Share, Basic | $1.82 | $1.46 | $1.27 | $1.24 | $1.35 | $1.04 |
| Weighted Average Number of Shares Outstanding, Basic | 1.26B | 1.25B | 1.25B | 1.26B | 1.29B | 1.28B |
| Earnings Per Share, Diluted | $1.81 | $1.45 | $1.26 | $1.24 | $1.34 | $1.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.26B | 1.26B | 1.26B | 1.27B | 1.29B | 1.29B |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.58B | 4.75B | 6.18B | 6.69B | 6.39B | 5.45B |
| Assets, Current | 15.61B | 13.30B | 14.02B | 14.81B | 14.52B | 13.46B |
| Assets | 23.53B | 20.79B | 21.39B | 21.90B | 21.35B | 19.97B |
| Long-term Debt | 3.72B | — | — | — | 4.47B | — |
| Liabilities, Current | 5.94B | 5.24B | 6.21B | 6.71B | 6.57B | 5.49B |
| Long-term Debt, Excluding Current Maturities | 3.72B | — | — | — | 3.72B | — |
| Liabilities | 11.06B | 10.21B | 11.25B | 11.71B | 11.48B | 10.46B |
| Stockholders' Equity Attributable to Parent | 12.47B | 10.58B | 10.15B | 10.19B | 9.86B | 9.51B |
| Common Stock, Shares, Outstanding | 1.25B | 1.25B | 1.25B | 1.26B | 1.27B | 1.28B |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.46B | 4.40B | 3.26B | 1.78B | 2.55B | 3.62B |
| Net Cash Provided by (Used in) Investing Activities | -143.74M | -778.41M | -443.83M | -186.05M | -129.25M | -578.84M |
| Payments for Repurchase of Common Stock | 246.56M | 3.60B | 2.44B | 975.79M | 1.29B | 2.13B |
| Payments of Dividends | 325.32M | 945.32M | 619.49M | 291.98M | 295.21M | 854.34M |
| Net Cash Provided by (Used in) Financing Activities | -480.31M | -5.24B | -3.01B | -1.28B | -1.51B | -3.43B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LRCX CIK 0000707549),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.