LAM RESEARCH CORP Revenue Disclosure
| Year Ended | |||||||||||||||||
| June 29, 2025 | June 30, 2024 | June 25, 2023 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Systems Revenue | $ | 11,491,280 | $ | 8,921,643 | $ | 10,695,897 | |||||||||||
| Customer support-related revenue and other | 6,944,311 | 5,983,743 | 6,732,619 | ||||||||||||||
| $ | 18,435,591 | $ | 14,905,386 | $ | 17,428,516 | ||||||||||||
| Year Ended | |||||||||||||||||
| June 29, 2025 | June 30, 2024 | June 25, 2023 | |||||||||||||||
| Foundry | 45 | % | 40 | % | 38 | % | |||||||||||
| Memory | 42 | % | 42 | % | 42 | % | |||||||||||
| Logic/integrated device manufacturing | 13 | % | 18 | % | 20 | % | |||||||||||
| Less than 1 Year | 1-3 Years | More than 3 Years | Total | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Deferred revenue | $ | 2,150,284 | $ | 449,095 | (1) | $ | 81,680 | (1) | $ | 2,681,059 | |||||||||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 11, 2025 | Showing above |
| 2024 | Aug 29, 2024 | |
| 2023 | Aug 15, 2023 | |
| 2022 | Aug 24, 2022 | |
| 2021 | Aug 17, 2021 | |
| 2020 | Aug 18, 2020 | |
| 2019 | Aug 20, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.