LRCX · Lam Research Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.84B | $5.34B | $5.32B | $4.38B | $4.72B | $4.17B | $3.76B | $3.79B | $3.48B | $5.28B |
| Cost of Revenue | - | - | - | $2.30B | $2.41B | $2.17B | $2.00B | $1.99B | $1.83B | $2.90B |
| Gross Profit | $2.91B | $2.65B | $2.68B | $2.07B | $2.31B | $2.00B | $1.76B | $1.80B | $1.65B | $2.38B |
| R&D | $583.20M | $573.30M | $576.45M | $494.95M | $525.90M | $495.36M | $469.71M | $512.27M | $422.63M | $462.38M |
| SG&A | $280.31M | $267.65M | $279.35M | $244.15M | $226.02M | $243.13M | $228.84M | $215.90M | $207.02M | $233.80M |
| Total Operating Expenses | $863.51M | $840.96M | $855.79M | $739.10M | $751.93M | $738.49M | $700.24M | $743.42M | $631.67M | $696.19M |
| D&A | - | - | $101.64M | - | - | $94.30M | - | - | $90.48M | - |
| Operating Income | $2.05B | $1.81B | $1.83B | $1.33B | $1.56B | $1.26B | $1.06B | $1.06B | $1.02B | $1.68B |
| Interest Expense | $39.33M | $40.88M | $42.47M | $45.30M | $47.15M | $44.95M | $46.31M | $47.15M | $45.33M | $46.66M |
| Income Tax | $186.10M | $242.62M | $290.50M | $157.13M | $206.06M | $177.83M | $132.78M | $127.36M | $138.23M | $183.42M |
| Net Income | $1.83B | $1.59B | $1.57B | $1.19B | $1.33B | $1.12B | $954.27M | $965.83M | $887.40M | $1.47B |
| EPS - Basic | $1.46 | $1.27 | $1.24 | $0.93 | $1.04 | $0.86 | $0.72 | $0.74 | $0.67 | $1.08 |
| EPS - Diluted | $1.45 | $1.26 | $1.24 | $0.92 | $1.03 | $0.86 | $0.72 | $0.73 | $0.67 | $1.08 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.75B | $6.18B | $6.69B | $6.39B | $5.45B | $6.07B | $5.85B | $5.67B | $5.13B | $5.34B |
| Accounts Receivable | $4.13B | $3.49B | $3.63B | $3.38B | $3.23B | $2.94B | $2.52B | $2.20B | $2.81B | $2.82B |
| Inventory | $4.00B | $4.04B | $4.10B | $4.31B | $4.46B | $4.21B | $4.22B | $4.32B | $4.75B | $4.82B |
| Accounts Payable | $1.07B | $1.03B | $863.16M | $854.21M | $853.31M | $704.25M | $613.97M | $531.65M | $528.16M | $470.70M |
| Current Assets | $13.30B | $14.02B | $14.81B | $14.52B | $13.46B | $13.49B | $12.88B | $12.49B | $12.99B | $13.23B |
| Total Assets | $20.79B | $21.39B | $21.90B | $21.35B | $19.97B | $19.53B | $18.74B | $18.28B | $18.54B | $18.78B |
| Current Liabilities | $5.24B | $6.21B | $6.71B | $6.57B | $5.49B | $5.34B | $4.34B | $4.43B | $4.25B | $4.18B |
| Long-term Debt | - | - | - | $3.72B | - | - | $4.47B | - | - | $4.96B |
| Total Liabilities | $10.21B | $11.25B | $11.71B | $11.48B | $10.46B | $11.06B | $10.21B | $10.26B | $10.49B | $10.57B |
| Stockholders' Equity | $10.58B | $10.15B | $10.19B | $9.86B | $9.51B | $8.47B | $8.54B | $8.02B | $8.05B | $8.21B |
| Retained Earnings | $33.00B | $31.50B | $30.23B | $28.99B | $27.56B | $25.63B | $24.81B | $24.05B | $22.66B | $22.03B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $1.78B | - | - | $1.57B | - | - | $951.16M | - |
| Investing Cash Flow | - | - | ($186.05M) | - | - | ($110.55M) | - | - | ($74.68M) | - |
| Financing Cash Flow | - | - | ($1.28B) | - | - | ($1.26B) | - | - | ($1.33B) | - |
| CapEx | - | - | $185.12M | - | - | $110.59M | - | - | $76.99M | - |
| Free Cash Flow | - | - | $1.59B | - | - | $1.46B | - | - | $874.17M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.8% | 49.6% | 50.4% | 47.4% | 49.0% | 48.0% | 46.8% | 47.5% | 47.5% | 45.0% |
| Operating margin | 35.0% | 33.9% | 34.4% | 30.5% | 33.1% | 30.3% | 28.1% | 27.9% | 29.4% | 31.8% |
| EBITDA margin | - | - | 36.3% | - | - | 32.6% | - | - | 32.0% | - |
| Net margin | 31.2% | 29.8% | 29.5% | 27.2% | 28.2% | 26.8% | 25.4% | 25.5% | 25.5% | 27.8% |
| Free cash flow margin | - | - | 29.9% | - | - | 35.0% | - | - | 25.1% | - |
| FCF / Net income | - | - | 1.02 | - | - | 1.31 | - | - | 0.99 | - |
| R&D / Revenue | 10.0% | 10.7% | 10.8% | 11.3% | 11.1% | 11.9% | 12.5% | 13.5% | 12.1% | 8.8% |
| SG&A / Revenue | 4.8% | 5.0% | 5.2% | 5.6% | 4.8% | 5.8% | 6.1% | 5.7% | 5.9% | 4.4% |
| Effective tax rate | 9.3% | 13.2% | 15.6% | 11.7% | 13.4% | 13.7% | 12.2% | 11.7% | 13.5% | 11.1% |
| Return on assets | 8.8% | 7.5% | 7.2% | 5.6% | 6.7% | 5.7% | 5.1% | 5.3% | 4.8% | 7.8% |
| Return on equity | 17.2% | 15.7% | 15.4% | 12.1% | 14.0% | 13.2% | 11.2% | 12.0% | 11.0% | 17.9% |
| Return on invested capital | - | - | - | 8.7% | - | - | 7.1% | - | - | 11.3% |
| Liquidity | ||||||||||
| Current ratio | 2.54 | 2.26 | 2.21 | 2.21 | 2.45 | 2.53 | 2.97 | 2.82 | 3.06 | 3.16 |
| Quick ratio | 1.77 | 1.61 | 1.60 | 1.55 | 1.64 | 1.74 | 2.00 | 1.84 | 1.94 | 2.01 |
| Cash ratio | 0.91 | 0.99 | 1.00 | 0.97 | 0.99 | 1.14 | 1.35 | 1.28 | 1.21 | 1.28 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.38 | - | - | 0.52 | - | - | 0.60 |
| Debt / Assets | - | - | - | 0.17 | - | - | 0.24 | - | - | 0.26 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 52.0x | 44.3x | 43.1x | 29.4x | 33.1x | 28.1x | 22.8x | 22.4x | 22.6x | 36.0x |
| Equity multiplier | 1.96 | 2.11 | 2.15 | 2.16 | 2.10 | 2.31 | 2.20 | 2.28 | 2.30 | 2.29 |
| Liabilities / Assets | 0.49 | 0.53 | 0.53 | 0.54 | 0.52 | 0.57 | 0.54 | 0.56 | 0.57 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | 0.25 | 0.24 | 0.21 | 0.24 | 0.21 | 0.20 | 0.21 | 0.19 | 0.28 |
| Inventory turnover | - | - | - | 0.53 | 0.54 | 0.51 | 0.47 | 0.46 | 0.38 | 0.60 |
| Days sales outstanding | 258d | 238d | 249d | 282d | 250d | 257d | 245d | 212d | 295d | 195d |
| Days inventory outstanding | - | - | - | 683d | 677d | 710d | 769d | 792d | 948d | 606d |
| Days payable outstanding | - | - | - | 135d | 129d | 119d | 112d | 97d | 105d | 59d |
| Cash conversion cycle | - | - | - | 829d | 797d | 848d | 902d | 906d | 1137d | 742d |
| Valuation | ||||||||||
| P / E | 145.8x | 141.3x | 103.5x | 105.7x | 70.5x | 96.2x | 147.5x | 132.4x | 93.0x | 56.5x |
| P / B | 25.1x | 22.1x | 16.0x | 12.7x | 9.8x | 12.7x | 1.6x | 1.6x | 1.0x | 1.0x |
| P / S | 45.5x | 42.0x | 30.6x | 28.7x | 19.8x | 25.9x | 3.7x | 3.4x | 2.4x | 1.6x |
| EV / EBITDA | - | - | 80.9x | - | - | 74.9x | - | - | 2.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 23.8% | 22.1% | 27.7% | 16.4% | 24.4% | 19.7% | -28.8% | -2.0% | -31.4% | 24.9% |
| Revenue CAGR (3y) | 14.7% | 0.4% | 1.6% | 1.2% | 5.1% | -1.1% | 2.8% | -0.5% | 3.1% | 26.9% |
| Revenue CAGR (5y) | 8.7% | 9.1% | 10.9% | 11.1% | 13.5% | 14.0% | 7.8% | 9.2% | 8.4% | 15.4% |
| Gross profit growth (YoY) | 25.8% | 27.9% | 34.1% | 18.0% | 28.5% | 21.0% | -26.0% | 12.1% | -29.2% | 20.1% |
| Operating income growth (YoY) | 31.1% | 35.7% | 44.7% | 26.2% | 47.7% | 23.6% | -37.1% | 12.2% | -39.7% | 25.6% |
| Net income growth (YoY) | 37.2% | 33.8% | 40.5% | 24.8% | 37.8% | 25.8% | -35.0% | 18.7% | -37.8% | 22.9% |
| EPS growth (YoY) | 40.8% | 37.0% | 44.2% | 27.4% | 40.3% | 29.1% | -33.0% | -87.8% | -93.6% | -87.2% |
| EPS CAGR (3y) | -37.7% | 5.4% | -50.8% | -52.2% | -47.9% | -53.0% | -50.5% | -53.7% | -50.8% | -32.0% |
| EPS CAGR (5y) | -27.8% | -26.7% | -26.0% | -23.1% | -23.3% | -22.6% | -27.1% | -26.7% | -27.1% | - |
| FCF growth (YoY) | - | - | 9.3% | - | - | 66.8% | - | - | -16.7% | - |
| FCF CAGR (5y) | - | - | 22.4% | - | - | 28.0% | - | - | 1.7% | - |
| Book value growth (YoY) | 11.3% | 2.9% | 20.3% | 15.5% | 18.6% | 5.3% | 4.0% | -4.6% | 8.6% | 30.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-29.
Business segments
$18.44B totalReportable Segment$18.44B · 100.0%
Product / service
$18.44B totalSystem$11.49B · 62.3%
Customer Supportand Other$6.94B · 37.7%
Geographic
$18.44B totalCN$6.21B · 33.7%
KR$4.13B · 22.4%
TW$3.45B · 18.7%
JP$1.88B · 10.2%
US$1.38B · 7.5%
South East Asia$837.24M · 4.5%
Europe$562.56M · 3.1%
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing LAM RESEARCH CORP against the 5 most active filers in the same SIC group.
Dividends
$1.01/share trailing 12 months · +13.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 4, 2026 | $0.2600 |
| Dec 3, 2025 | $0.2600 |
| Sep 24, 2025 | $0.2600 |
| Jun 18, 2025 | $0.2300 |
| Mar 5, 2025 | $0.2300 |
| Dec 11, 2024 | $0.2300 |
| Sep 17, 2024 | $0.2300 |
| Jun 18, 2024 | $0.2000 |
| Mar 12, 2024 | $0.2000 |
| Dec 12, 2023 | $0.2000 |
| Sep 12, 2023 | $0.2000 |
| Jun 13, 2023 | $0.1725 |
| Mar 14, 2023 | $0.1725 |
| Dec 13, 2022 | $0.1725 |
| Sep 13, 2022 | $0.1725 |
| Jun 14, 2022 | $0.1500 |
| Mar 15, 2022 | $0.1500 |
| Dec 14, 2021 | $0.1500 |
| Sep 27, 2021 | $0.1500 |
| Jun 15, 2021 | $0.1300 |
| Mar 16, 2021 | $0.1300 |
| Dec 8, 2020 | $0.1300 |
| Sep 29, 2020 | $0.1300 |
| Jun 16, 2020 | $0.1150 |