LAM RESEARCH CORP

Listed Company

LRCXCIK 0000707549NasdaqLarge AcceleratedSpecial Industry Machinery, NecDelawareFY ends Jun 28

Period

FY 2025

Revenue

$18.44B

Net Income

$5.36B

Total Assets

$21.35B

Equity

$9.86B

Shares Out

1.25B

Op. Cash Flow

$6.17B

LRCX$312.43+210.01% · past yearDBEQ Basic

Daily closing prices

Business

Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The company provides deposition, etch, and clean process equipment used to manufacture semiconductor devices, along with customer support services including spares, upgrades, and fleet management solutions. Lam operates primarily through equipment sales to memory, foundry, and integrated device manufacturers, with customers including leading semiconductor manufacturers worldwide.

Summary from 10-K filed 2025-08-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenue	18,436	14,905	17,429	17,227	14,626
Cost of goods sold	9,457	7,809	9,573	9,355	7,821
Restructuring charges, net - cost of goods sold	0	43	78	0	0
Total cost of goods sold	9,457	7,853	9,652	9,355	7,821
Gross margin	8,979	7,053	7,777	7,872	6,805
Research and development	2,096	1,902	1,727	1,604	1,493
Selling, general, and administrative	982	868	833	886	830
Restructuring charges, net - operating expenses	0	18	42	0	0
Total operating expenses	3,078	2,789	2,602	2,490	2,323
Operating income	5,901	4,264	5,175	5,382	4,482
Other income (expense), net	57	96	−66	−189	−111
Income before income taxes	5,958	4,360	5,109	5,193	4,371
Income tax expense	−600	−532	−598	−588	−462
Net income	5,358	3,828	4,511	4,605	3,908
Basic (usd per share)	4.17	2.91	3.33	32.92	27.22
Diluted (usd per share)	4.15	2.9	3.32	32.75	26.9
Basic (in shares)	1,286	1,314	1,355	140	144
Diluted (in shares)	1,290	1,320	1,358	141	145

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	6,391	5,848	5,337	3,522	4,418
Accounts receivable, less allowance of $6,496 as of June 29, 2025 and $5,277 as of June 30, 2024	3,378	2,519	2,823	4,314	3,026
Inventories	4,308	4,218	4,816	3,966	2,689
Prepaid expenses and other current assets	440	298	252	347	208
Total current assets	14,517	12,883	13,228	12,285	11,652
Property and equipment, net	2,429	2,155	1,857	1,648	1,303
Goodwill and intangible assets, net	1,809	1,765	—	—	—
Other assets	2,591	1,942	1,906	1,394	1,061
Total assets	21,345	18,745	18,782	17,196	15,892
Trade accounts payable	854	614	471	1,011	830
Accrued expenses and other current liabilities	2,394	1,802	2,011	1,974	1,719
Deferred profit	2,566	1,418	1,695	1,572	967
Current portion of long-term debt and finance lease obligations	754	505	8	7	11
Total current liabilities	6,568	4,338	4,185	4,565	3,528
Long-term debt and finance lease obligations	3,730	4,479	5,003	4,998	4,990
Income taxes payable	603	813	882	931	948
Other long-term liabilities	582	575	501	423	399
Total liabilities	11,484	10,205	10,571	10,917	9,865
Commitments and contingencies	—	—	—	—	—
Preferred stock, at par value of $0.001 per share; authorized - 5,000 shares, none outstanding	0	0	0	0	0
Common stock, at par value of $0.001 per share; authorized 4,000,000 shares as of June 29, 2025 and June 30, 2024; issued and outstanding 1,268,740 shares as of June 29, 2025, and 1,303,769 shares as of June 30, 2024	1	1	133,000	137,000	143,000
Additional paid-in capital	8,697	8,223	7,809	7,415	7,053
Treasury stock, at cost, 1,687,582 shares as of June 29, 2025, and 1,648,239 shares as of June 30, 2024	−27,763	−24,366	−21,530	−19,481	—
Accumulated other comprehensive loss	−62	−130	−101	−110	−64
Retained earnings	28,989	24,811	22,032	18,455	14,685
Total stockholders equity	9,862	8,539	8,210	6,278	6,027
Total liabilities and stockholders equity	21,345	18,745	18,782	17,196	15,892

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	386	360	342	334	307
Deferred income taxes	−363	−199	−172	−257	−151
Equity-based compensation expense	343	293	287	259	220
Other, net	7	10	52	−45	−17
Accounts receivable, net of allowance	−859	303	1,452	−1,288	−929
Inventories	−181	529	−962	−1,351	−793
Prepaid expenses and other assets	−207	−16	136	−53	−59
Trade accounts payable	212	126	−522	168	185
Deferred profit	1,148	−277	163	605	508
Accrued expenses and other liabilities	328	−305	−109	123	409
Net cash provided by operating activities	6,173	4,652	5,179	3,100	3,588
Capital expenditures and intangible assets	−759	−397	−502	−546	−349
Business acquisitions, net of cash acquired	0	0	−120	0	0
Proceeds from maturities of available-for-sale securities	0	34	91	190	2,382
Proceeds from sales of available-for-sale securities	0	3	7	1,543	1,472
Other, net	51	−12	−11	−8	−42
Net cash used for investing activities	−708	−371	−535	612	73
Principal payments on long-term debt and finance lease obligations and payments for debt issuance costs	−507	−256	−23	−12	−862
Treasury stock purchases	−3,422	−2,843	−2,017	−3,866	−2,698
Dividends paid	−1,150	−1,019	−908	−815	−727
Reissuances of treasury stock related to employee stock purchase plan	140	120	110	108	98
Proceeds from issuance of common stock	2	16	11	6	24
Other, net	143,000	−14	−4	45,000	−2
Net cash used for financing activities	−4,937	−3,996	−2,831	−4,579	−4,167
Effect of exchange rate changes on cash, cash equivalents and restricted cash	28	−22	128,000	−30	7
Net change in cash, cash equivalents and restricted cash	557	263	1,814	−897	−498
Accrued payables for stock repurchases, including applicable excise tax	39	51	45	46,000	20
Accrued payables for capital expenditures	81	61	32	80	61
Transfers of finished goods inventory to property and equipment	91	71	77	75	80
Cash payments for interest	172	173	175	176	204
Cash payments for income taxes, net	973	992	810	808	519

Filings

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Frequently asked questions

What is LAM RESEARCH CORP's CIK number?

LAM RESEARCH CORP's SEC CIK number is 0000707549 (707549). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find LAM RESEARCH CORP's SEC filings?

All of LAM RESEARCH CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did LAM RESEARCH CORP last report earnings?

LAM RESEARCH CORP (LRCX) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000707549-26-000020). This is LAM RESEARCH CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is LAM RESEARCH CORP's most recent earnings 8-K?

LAM RESEARCH CORP's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0000707549-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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