Revenue
$23.23B
Fiscal year ended 2026-06-28Operating income
$8.20B
Fiscal year ended 2026-06-28Free cash flow
Unavailable
Fiscal year ended 2026-06-28LAM RESEARCH CORP (LRCX) reported revenue of $23.23B and net income of $7.27B for the fiscal year ended 2026-06-28. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from LAM RESEARCH CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Special Industry Machinery, NEC.
Income
| Metric | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 | 2021-06-27 | 2020-06-28 | 2019-06-30 | 2018-06-24 | 2017-06-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.23B | $18.44B | $14.91B | $17.43B | $17.23B | $14.63B | $10.04B | $9.65B | $11.08B | $8.01B |
| Cost of revenue | $11.51B | $9.46B | $7.85B | $9.65B | $9.36B | $7.82B | $5.44B | $5.30B | $5.91B | $4.41B |
| Gross profit | $11.73B | $8.98B | $7.05B | $7.78B | $7.87B | $6.81B | $4.61B | $4.36B | $5.17B | $3.60B |
| Operating income | $8.20B | $5.90B | $4.26B | $5.17B | $5.38B | $4.48B | $2.67B | $2.46B | $3.21B | $1.90B |
| Net income | $7.27B | $5.36B | $3.83B | $4.51B | $4.61B | $3.91B | $2.25B | $2.19B | $2.38B | $1.70B |
| Research & development | $2.38B | $2.10B | $1.90B | $1.73B | $1.60B | $1.49B | $1.25B | $1.19B | $1.19B | $1.03B |
| Weighted-average diluted shares | shares 1.26B | shares 1.29B | shares 1.32B | shares 1.36B | shares 140.63M | shares 145.32M | shares 149.09M | shares 159.92M | shares 180.78M | shares 183.77M |
| Pretax income | $8.26B | $5.96B | $4.36B | $5.11B | $5.19B | $4.37B | $2.57B | $2.45B | $3.15B | $1.81B |
| Income tax expense | $997.08M | $599.91M | $532.45M | $598.28M | $587.83M | $462.35M | $323.22M | $255.14M | $771.11M | $113.91M |
| Diluted EPS | $5.76 | $4.15 | $2.90 | $3.32 | $32.75 | $26.90 | $15.10 | $13.70 | $13.17 | $9.24 |
| Selling, general & administrative | $1.15B | $981.70M | $868.25M | $832.75M | $885.74M | $829.88M | $682.48M | $702.41M | $762.22M | $667.48M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 | 2021-06-27 | 2020-06-28 | 2019-06-30 | 2018-06-24 | 2017-06-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.58B | $6.39B | $5.85B | $5.34B | $3.52B | $4.42B | $4.92B | $3.66B | $4.51B | $2.38B |
| Total assets | $23.53B | $21.35B | $18.74B | $18.78B | $17.20B | $15.89B | $14.56B | $12.00B | $12.48B | $12.12B |
| Current assets | $15.61B | $14.52B | $12.88B | $13.23B | $12.29B | $11.65B | $10.85B | $8.56B | $9.15B | $9.14B |
| Total liabilities | $11.06B | $11.48B | $10.21B | $10.57B | $10.92B | $9.86B | $9.38B | $7.28B | $5.90B | $5.14B |
| Current liabilities | $5.94B | $6.57B | $4.34B | $4.18B | $4.56B | $3.53B | $3.16B | $2.37B | $3.15B | $2.95B |
| Total equity incl. NCI | $12.47B | $9.86B | $8.54B | $8.21B | $6.28B | $6.03B | $5.17B | $4.67B | $6.50B | $6.82B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $11.00M | $49.44M | $78.19M | $169.86M |
| Inventory | $4.28B | $4.31B | $4.22B | $4.82B | $3.97B | $2.69B | $1.90B | $1.54B | $1.88B | $1.23B |
| Accounts receivable | $5.34B | $3.38B | $2.52B | $2.82B | $4.31B | $3.03B | $2.10B | $1.46B | $2.18B | $1.67B |
| Goodwill | $1.63B | $1.63B | $1.60B | $1.62B | $1.52B | $1.49B | $1.48B | $1.48B | $1.48B | $1.39B |
| Long-term debt | $3.72B | $3.72B | $4.47B | $4.96B | $4.96B | $4.99B | $4.96B | $3.77B | $1.76B | $1.78B |
| Accounts payable | $1.30B | $854.21M | $613.97M | $470.70M | $1.01B | $829.71M | $592.39M | $376.56M | $510.98M | $464.64M |
Cash flow
| Metric | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 | 2021-06-27 | 2020-06-28 | 2019-06-30 | 2018-06-24 | 2017-06-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.86B | $6.17B | $4.65B | $5.18B | $3.10B | $3.59B | $2.13B | $3.18B | $2.66B | $2.03B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$922.15M | -$708.09M | -$370.61M | -$534.56M | $612.28M | $73.27M | -$244.08M | -$1.64B | $2.75B | -$2.05B |
| Financing cash flow | -$5.72B | -$4.94B | -$4.00B | -$2.83B | -$4.58B | -$4.17B | -$623.93M | -$2.39B | -$3.27B | -$2.63B |
| Net change in cash | -$809.71M | $556.85M | $263.43M | $1.81B | -$897.22M | -$498.33M | $1.26B | -$855.16M | $2.13B | -$2.66B |
| Stock-based compensation | $386.38M | $343.37M | $293.06M | $286.60M | $259.06M | $220.16M | $189.20M | $187.23M | $172.22M | $149.98M |
| Common dividends paid | $1.27B | $1.15B | $1.02B | $907.91M | $815.29M | $726.99M | $656.84M | $678.35M | $307.61M | $243.50M |
| Common share repurchases | $3.85B | $3.42B | $2.84B | $2.02B | $3.87B | $2.70B | $1.37B | $3.78B | $2.65B | $811.67M |
| Depreciation & amortization | $441.53M | $386.28M | $359.70M | $342.43M | $333.74M | $307.15M | $268.52M | $309.28M | $326.40M | $306.90M |
Derived
| Metric | 2026-06-28 | 2025-06-29 | 2024-06-30 | 2023-06-25 | 2022-06-26 | 2021-06-27 | 2020-06-28 | 2019-06-30 | 2018-06-24 | 2017-06-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.7% | 1.9% | 2.0% | 1.6% | 1.5% | 1.5% | 1.9% | 1.9% | 1.6% | 1.9% |
| Current ratio | 2.63x | 2.21x | 2.97x | 3.16x | 2.69x | 3.30x | 3.43x | 3.61x | 2.90x | 3.10x |
| Revenue YoY growth | 26.0% | 23.7% | -14.5% | 1.2% | 17.8% | 45.6% | 4.1% | -12.9% | 38.2% | Unavailable |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% |
| R&D / revenue | 10.2% | 11.4% | 12.8% | 9.9% | 9.3% | 10.2% | 12.5% | 12.3% | 10.7% | 12.9% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.30x | 0.38x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 12.1% | 10.1% | 12.2% | 11.7% | 11.3% | 10.6% | 12.6% | 10.4% | 24.5% | 6.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LRCX in the interactive workspace to inspect any figure back to its filing.
Source filings
10-K · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-Q · Filed 2026-01-29View SEC filing
10-Q · Filed 2025-10-24View SEC filing
10-K · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-04-25View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.