Lam Research Corp
LRCX- Exchange
- Nasdaq
- Industry
- Special Industry Machinery, NEC
- SEC CIK
- 0000707549
In the last 90 days, Lam Research Corp insiders filed 0 open-market purchases and 7 sales; 3,158 institutions reported holding it in 13F filings for Q2 2026, worth $463.5B in total; 6 superinvestors hold it, including Coatue Management and Tiger Global Management.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 23, 2026, 1:07 AM ET
Revenue flow, FY2026
Where the revenue went in FY2026, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jun 28, 2026 | Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jul 29, 2026 | Jul 30, 2025 | Jul 31, 2024 | Jul 26, 2023 | Jul 27, 2022 |
| Revenue | $23.2B | $18.4B | $14.9B | $17.4B | $17.2B |
| Cost of revenue | $11.5B | $9.46B | $7.85B | $9.65B | $9.36B |
| Gross profit | $11.7B | $8.98B | $7.05B | $7.78B | $7.87B |
| Operating expenses | $3.53B | $3.08B | $2.79B | $2.60B | $2.49B |
| Research and development | $2.38B | $2.10B | $1.90B | $1.73B | $1.60B |
| Selling, general and administrative | $1.15B | $981.7M | $868.2M | $832.8M | $885.7M |
| Operating income | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B |
| Interest expense | $155.9M | $177.2M | $183.0M | $186.5M | $184.8M |
| Income tax | $997.1M | $599.9M | $532.5M | $598.3M | $587.8M |
| Net income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B |
| EPS, basic | $5.79 | $4.17 | $29.13 | $33.30 | $32.92 |
| EPS, diluted | $5.76 | $4.15 | $29.00 | $33.21 | $32.75 |
| Weighted shares, basic | 1.26B | 1.29B | 131.4M | 135.5M | 139.9M |
| Weighted shares, diluted | 1.26B | 1.29B | 132.0M | 135.8M | 140.6M |
| Margins and growth | |||||
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% |
| Revenue growth, year over year | +26.0% | +23.7% | −14.5% | +1.2% | +17.8% |
| Net income growth, year over year | +35.6% | +40.0% | −15.1% | −2.0% | +17.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jun 28, 2026 | Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jul 29, 2026 | Jul 30, 2025 | Jul 31, 2024 | Jul 26, 2023 | Jul 27, 2022 |
| Cash and equivalents | $5.58B | $6.39B | $5.85B | $5.34B | $3.52B |
| Accounts receivable | $5.34B | $3.38B | $2.52B | $2.82B | $4.31B |
| Inventory | $4.28B | $4.31B | $4.22B | $4.82B | $3.97B |
| Total current assets | $15.6B | $14.5B | $12.9B | $13.2B | $12.3B |
| Property, plant and equipment | $2.94B | $2.41B | $2.13B | $1.80B | $1.61B |
| Goodwill | $1.63B | $1.60B | $1.63B | $1.62B | $1.52B |
| Intangible assets | $269.3M | $182.2M | $138.5M | $168.5M | $101.8M |
| Total assets | $23.5B | $21.3B | $18.7B | $18.8B | $17.2B |
| Accounts payable | $1.30B | $854.2M | $614.0M | $470.7M | $1.01B |
| Short-term debt | $147.0K | $749.7M | $501.3M | $421.0K | – |
| Total current liabilities | $5.94B | $6.57B | $4.34B | $4.18B | $4.56B |
| Long-term debt | $3.72B | $3.72B | $4.47B | $4.96B | $4.96B |
| Total liabilities | $11.1B | $11.5B | $10.2B | $10.6B | $10.9B |
| Shareholders' equity | $12.5B | $9.86B | $8.54B | $8.21B | $6.28B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jun 28, 2026 | Jun 29, 2025 | Jun 30, 2024 | Jun 25, 2023 | Jun 26, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jul 29, 2026 | Jul 30, 2025 | Jul 31, 2024 | Jul 26, 2023 | Jul 27, 2022 |
| Operating cash flow | $5.86B | $6.17B | $4.65B | $5.18B | $3.10B |
| Capital expenditures | $966.4M | $759.2M | $396.7M | $501.6M | $546.0M |
| Free cash flow | $4.89B | $5.41B | $4.26B | $4.68B | $2.55B |
| Depreciation and amortization | $441.5M | $386.3M | $359.7M | $342.4M | $333.7M |
| Stock-based compensation | $386.4M | $343.4M | $293.1M | $286.6M | $259.1M |
| Dividends paid | $1.27B | $1.15B | $1.02B | $907.9M | $815.3M |
| Share buybacks | $3.85B | $3.42B | $2.84B | $2.02B | $3.87B |
| Investing cash flow | -$922.2M | -$708.1M | -$370.6M | -$534.6M | $612.3M |
| Financing cash flow | -$5.72B | -$4.94B | -$4.00B | -$2.83B | -$4.58B |
| Net change in cash | -$809.7M | $556.9M | $263.4M | $1.81B | -$897.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.7% | 1.9% | 2.0% | 1.6% | 1.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 1.25B | −0.5% | SEC |
| Aug 4, 2026 | 1.25B | −1.1% | SEC |
| Apr 21, 2026 | 1.25B | −2.2% | SEC |
| Jan 27, 2026 | 1.25B | −2.7% | SEC |
| Oct 22, 2025 | 1.26B | −2.4% | SEC |
| Aug 7, 2025 | 1.27B | +874.5% | SEC |
| Apr 23, 2025 | 1.28B | +878.4% | SEC |
| Jan 29, 2025 | 1.28B | +879.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Mar 31, 2021, from 13F share counts: 10-for-1 in Q4 2024.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.