Industrials · Industrial Machinery

Lam Research Corporation

NASDAQLRCX ISINUS5128073062 SEC CIK0000707549 Listed on NASDAQ · USD

$234.43 -1.45 (-0.61%) Pre-market $228.14 (-3.28%) ≈ ₹22,002 a share

Open chart

Price, last 12 months+48.03% in a year

Key numbers

Market value: $292.84B
P/E (TTM): 34.9
Forward P/E: 24.4
EPS (TTM): $6.72
Dividend yield: 0.56%
Beta: 2.01
Day range: $227.64 – $234.91
52-week range: $135.50 – $438.50
Volume: 2,054,572
10-day avg volume: $15.42M
Revenue (TTM): $26.13B
EBITDA (TTM): $10.12B
Gross margin: 51.1%
Net margin: 32.3%
Return on equity: 70.1%
Debt / equity: 26.9%
Price / sales: 11.21
Shares out: 1.25B

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$3.76B$1.06B$954.27M

Dec 23

$3.79B$1.06B$965.83M

Mar 24

$3.87B$1.13B$1.02B

Jun 24

$4.17B$1.26B$1.12B

Sep 24

$4.38B$1.33B$1.19B

Dec 24

$4.72B$1.56B$1.33B

Mar 25

$5.17B$1.74B$1.72B

Jun 25

$5.32B$1.83B$1.57B

Sep 25

$5.34B$1.81B$1.59B

Dec 25

$5.84B$2.05B$1.83B

Mar 26

$6.72B$2.51B$2.28B

Jun 26

$8.22B$3.28B$2.75B

Sep 26

Revenue · QoQ (vs last quarter)

—+0.9%+2.1%+7.7%+5.0%+7.9%+9.6%+3.0%+0.4%+9.3%+15%+22%

Revenue · YoY (vs a year ago)

————+16%+24%+34%+28%+22%+24%+30%+54%

Net income · QoQ (vs last quarter)

—+1.2%+5.6%+9.4%+6.7%+12%+29%-8.8%+1.6%+15%+25%+21%

Net income · YoY (vs a year ago)

————+25%+38%+69%+41%+34%+37%+32%+76%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
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
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%
Research & development	$469.71M	$512.27M	$497.83M	$495.36M	$494.95M	$525.90M	$580.18M	$576.45M	$573.31M	$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
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%
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	$132.79M	$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
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%
EPS (diluted)	$0.72	$0.73	—	$0.86	$0.92	$1.03	—	$1.24	$1.26	$1.45	—	$2.19

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$9.65B$4.36B$2.19B

FY19

$10.04B$4.61B$2.25B

FY20

$14.63B$6.81B$3.91B

FY21

$17.23B$7.87B$4.61B

FY22

$17.43B$7.78B$4.51B

FY23

$14.91B$7.05B$3.83B

FY24

$18.44B$8.98B$5.36B

FY25

$23.23B$11.73B$7.27B

FY26

Revenue · YoY (vs a year ago)

—+4.1%+46%+18%+1.2%-14%+24%+26%

Net income · YoY (vs a year ago)

—+2.8%+74%+18%-2.0%-15%+40%+36%

RevenueGross profitNet incomeLine = trend

$13.70

FY19

$15.10

FY20

$26.90

FY21

$32.75

FY22

$3.32

FY23

$2.90

FY24

$4.15

FY25

$5.76

FY26

EPS (diluted) · YoY (vs a year ago)

—+10%+78%+22%-90%-13%+43%+39%

EPS (diluted)Line = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$9.65B	$10.04B	$14.63B	$17.23B	$17.43B	$14.91B	$18.44B	$23.23B
Revenue growth	—	4.1%	45.6%	17.8%	1.2%	-14.5%	23.7%	26.0%
Cost of revenue	$5.30B	$5.44B	$7.82B	$9.36B	$9.65B	$7.85B	$9.46B	$11.51B
Gross profit	$4.36B	$4.61B	$6.81B	$7.87B	$7.78B	$7.05B	$8.98B	$11.73B
Gross margin	45.1%	45.9%	46.5%	45.7%	44.6%	47.3%	48.7%	50.5%
Research & development	$1.19B	$1.25B	$1.49B	$1.60B	$1.73B	$1.90B	$2.10B	$2.38B
Selling, general & admin	$702.41M	$682.48M	$829.88M	$885.74M	$832.75M	$868.25M	$981.70M	$1.15B
Operating income	$2.46B	$2.67B	$4.48B	$5.38B	$5.17B	$4.26B	$5.90B	$8.20B
Operating margin	25.5%	26.6%	30.6%	31.2%	29.7%	28.6%	32.0%	35.3%
Depreciation & amortisation	$309.28M	$268.53M	$307.15M	$333.74M	$342.43M	$359.70M	$386.28M	$441.53M
Interest expense	$117.26M	$177.44M	$208.60M	$184.76M	$186.46M	$185.24M	$178.20M	$156.88M
Pre-tax income	$2.45B	$2.57B	$4.37B	$5.19B	$5.11B	$4.36B	$5.96B	$8.26B
Income tax	$255.14M	$323.23M	$462.35M	$587.83M	$598.28M	$532.45M	$599.91M	$997.08M
Tax rate	10.4%	12.6%	10.6%	11.3%	11.7%	12.2%	10.1%	12.1%
Net income	$2.19B	$2.25B	$3.91B	$4.61B	$4.51B	$3.83B	$5.36B	$7.27B
Net margin	22.7%	22.4%	26.7%	26.7%	25.9%	25.7%	29.1%	31.3%
EPS (diluted)	$13.70	$15.10	$26.90	$32.75	$3.32	$2.90	$4.15	$5.76

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$4.67B$4.43B$3.66B

FY19

$5.17B$5.80B$4.92B

FY20

$6.03B$4.96B$4.42B

FY21

$6.28B$4.96B$3.52B

FY22

$8.21B$4.97B$5.34B

FY23

$8.54B$4.97B$5.85B

FY24

$9.86B$4.47B$6.39B

FY25

$12.47B$3.72B$5.58B

FY26

Shareholders' equity · YoY (vs a year ago)

—+11%+17%+4.2%+31%+4.0%+15%+26%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & equivalents	$3.66B	$4.92B	$4.42B	$3.52B	$5.34B	$5.85B	$6.39B	$5.58B
Current assets	$8.56B	$10.85B	$11.65B	$12.29B	$13.23B	$12.88B	$14.52B	$15.61B
Total assets	$12.00B	$14.56B	$15.89B	$17.20B	$18.78B	$18.74B	$21.35B	$23.53B
Current liabilities	$2.37B	$3.16B	$3.53B	$4.56B	$4.18B	$4.34B	$6.57B	$5.94B
Long-term debt	$3.77B	$4.96B	$4.96B	$4.96B	$4.96B	$4.47B	$3.72B	$3.72B
Short-term debt	$662.31M	$836.11M	$0	$0	$421.00K	$501.32M	$749.67M	$147.00K
Total debt	$4.43B	$5.80B	$4.96B	$4.96B	$4.97B	$4.97B	$4.47B	$3.72B
Total liabilities	$7.28B	$9.38B	$9.86B	$10.92B	$10.57B	$10.21B	$11.48B	$11.06B
Shareholders' equity	$4.67B	$5.17B	$6.03B	$6.28B	$8.21B	$8.54B	$9.86B	$12.47B
Current ratio	3.61	3.43	3.30	2.69	3.16	2.97	2.21	2.63
Debt / equity	0.95	1.12	0.82	0.79	0.60	0.58	0.45	0.30
Return on equity	46.9%	43.5%	64.8%	73.4%	54.9%	44.8%	54.3%	58.3%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$3.18B$2.87B$4.46B

FY19

$2.13B$1.92B$2.03B

FY20

$3.59B$3.24B$3.42B

FY21

$3.10B$2.55B$4.68B

FY22

$5.18B$4.68B$2.92B

FY23

$4.65B$4.26B$3.86B

FY24

$6.17B$5.41B$4.57B

FY25

$5.86B$4.89B$5.12B

FY26

Operating cash flow · YoY (vs a year ago)

—-33%+69%-14%+67%-10%+33%-5.1%

Free cash flow · YoY (vs a year ago)

—-33%+68%-21%+83%-9.0%+27%-9.7%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash from operations	$3.18B	$2.13B	$3.59B	$3.10B	$5.18B	$4.65B	$6.17B	$5.86B
Capital spending	$-303.49M	$-203.24M	$-349.10M	$-546.03M	$-501.57M	$-396.67M	$-759.19M	$-966.41M
Free cash flow	$2.87B	$1.92B	$3.24B	$2.55B	$4.68B	$4.26B	$5.41B	$4.89B
FCF margin	29.8%	19.1%	22.1%	14.8%	26.8%	28.6%	29.4%	21.1%
Stock-based pay	$187.23M	$189.20M	$220.16M	$259.06M	$286.60M	$293.06M	$343.37M	$386.38M
Cash from investing	$-1.64B	$-244.08M	$73.27M	$612.28M	$-534.56M	$-370.61M	$-708.09M	$-922.15M
Cash from financing	$-2.39B	$-623.93M	$-4.17B	$-4.58B	$-2.83B	$-4.00B	$-4.94B	$-5.72B
Dividends paid	$-678.35M	$-656.84M	$-726.99M	$-815.29M	$-907.91M	$-1.02B	$-1.15B	$-1.27B
Share buybacks	$-3.78B	$-1.37B	$-2.70B	$-3.87B	$-2.02B	$-2.84B	$-3.42B	$-3.85B

About

About Lam Research Corporation

Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Lam Research Corporation
Ticker: LRCX
Exchange: NASDAQ
ISIN: US5128073062
SEC CIK: 0000707549
Sector: Industrials
Industry: Industrial Machinery
SEC industry (SIC): Special Industry Machinery, Nec (3559)
Incorporated in: Delaware
Financial year ends: 27 June
Filer type: Large accelerated filer
Latest annual report (10-K): 7 Aug 2026
CEO: Timothy M. Archer
Chair: Abhijit Y. Talwalkar
Headquarters: Fremont, California, United States
Address: 4650 Cushing Blvd, Fremont, Ca 94538
Founded: 1980
Employees: 23,300
Trades in: US dollars (USD)
Website: lamresearch.com

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Lam Research Corporation

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

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