LAM RESEARCH CORP
LAM RESEARCH CORP
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 4,751 | 6,180 | 6,693 | 6,391 | 5,451 | 5,665 | 6,067 | 5,848 | 5,672 | 5,623 | 5,126 | 5,337 | |||||
Investments | - | - | - | - | - | - | - | - | 0 | 15 | 31 | 38 | |||||
Accounts Receivable Net Current | 4,133 | 3,492 | 3,633 | 3,378 | 3,228 | 3,305 | 2,937 | 2,519 | 2,204 | 2,707 | 2,811 | 2,823 | |||||
Inventory Net | 4,000 | 4,038 | 4,095 | 4,308 | 4,463 | 4,358 | 4,210 | 4,218 | 4,323 | 4,430 | 4,748 | 4,816 | |||||
Prepaid Expense And Other Assets Current | 413 | 308 | 386 | 440 | 318 | 284 | 278 | 298 | 290 | 279 | 278 | 252 | |||||
Assets Current | 13,297 | 14,018 | 14,807 | 14,517 | 13,460 | 13,613 | 13,492 | 12,883 | 12,488 | 13,055 | 12,994 | 13,228 | |||||
Property Plant And Equipment And Finance Lease Rig… | 2,854 | 2,711 | 2,511 | 2,429 | 2,372 | 2,314 | 2,214 | 2,155 | 2,182 | 2,147 | 2,111 | 1,857 | |||||
Goodwill | - | - | - | - | - | - | - | 1,627 | 1,627 | 1,627 | 1,626 | 1,622 | |||||
Restricted Cash And Investments Noncurrent | - | - | - | - | - | - | - | - | - | - | - | 250 | |||||
Intangible Assets Net Including Goodwill | 1,882 | 1,864 | 1,827 | 1,809 | 1,795 | 1,761 | 1,758 | 1,765 | - | - | - | - | |||||
Other Assets Noncurrent | 2,759 | 2,798 | 2,756 | 2,591 | 2,341 | 2,152 | 2,068 | 1,942 | 1,840 | 1,804 | 1,650 | 1,906 | |||||
Intangible Assets Net Excluding Goodwill | - | - | - | - | - | - | - | 139 | 142 | 151 | 158 | 168 | |||||
Assets | 20,792 | 21,391 | 21,900 | 21,345 | 19,968 | 19,840 | 19,532 | 18,745 | 18,280 | 18,784 | 18,538 | 18,782 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 1,072 | 1,027 | 863 | 854 | 853 | 822 | 704 | 614 | 532 | 500 | 528 | 471 | |||||
Accrued Liabilities Current | 2,075 | 2,267 | 2,444 | 2,394 | 2,000 | 2,096 | 2,196 | 1,802 | 1,792 | 1,976 | 2,120 | 2,011 | |||||
Contract With Customer Liability Current | 2,091 | 2,165 | 2,646 | 2,566 | 1,882 | 1,928 | 1,937 | 1,418 | 1,602 | 1,793 | - | 1,695 | |||||
Long Term Debt And Capital Lease Obligations Curre… | 4 | 754 | 754 | 754 | 754 | 504 | 505 | 505 | 505 | 4 | 4 | 8 | |||||
Liabilities Current | 5,242 | 6,213 | 6,708 | 6,568 | 5,490 | 5,350 | 5,343 | 4,338 | 4,430 | 4,272 | 4,247 | 4,185 | |||||
Long Term Debt And Capital Lease Obligations | 3,730 | 3,730 | 3,730 | 3,730 | 3,730 | 4,478 | 4,479 | 4,479 | 4,478 | 4,980 | 4,980 | 5,003 | |||||
Accrued Income Taxes Noncurrent | 622 | 668 | 646 | 603 | 691 | 670 | 665 | 813 | 832 | 798 | 781 | 882 | |||||
Other Liabilities Noncurrent | 613 | 635 | 624 | 582 | 547 | 534 | 574 | 575 | 517 | 511 | 483 | 501 | |||||
Liabilities | 10,207 | 11,246 | 11,707 | 11,484 | 10,457 | 11,032 | 11,061 | 10,205 | 10,258 | 10,561 | 10,491 | 10,571 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 9,054 | 8,948 | 8,795 | 8,697 | 8,529 | 8,440 | 8,303 | 8,223 | 8,082 | 7,997 | 7,879 | 7,809 | |||||
Treasury Stock Common Value | -31,348 | -30,204 | -28,760 | -27,763 | -26,456 | -26,024 | -25,375 | -24,366 | -23,985 | -23,004 | -22,366 | -21,530 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -121 | -99 | -74 | -62 | -124 | -134 | -88 | -130 | -128 | -118 | -121 | -101 | |||||
Retained Earnings Accumulated Deficit | 32,998 | 31,498 | 30,230 | 28,989 | 27,561 | 26,525 | 25,630 | 24,811 | 24,052 | 23,347 | 22,655 | 22,032 | |||||
Stockholders Equity | 10,585 | 10,145 | 10,193 | 9,862 | 9,511 | 8,808 | 8,472 | 8,539 | 8,022 | 8,222 | 8,047 | 8,210 | |||||
Liabilities And Stockholders Equity | 20,792 | 21,391 | 21,900 | 21,345 | 19,968 | 19,840 | 19,532 | 18,745 | 18,280 | 18,784 | 18,538 | 18,782 | |||||
Allowance For Doubtful Accounts Receivable Current | 8 | 8 | 7 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |||||
Common Stock Shares Issued | 1,251 | 1,251 | 1,259 | 1,269 | 1,283 | 1,285 | 1,292 | 1,304 | 1,307 | 1,313 | 1,321 | 1,333 | |||||
Shares Outstanding | 1,251 | 1,251 | 1,259 | 1,269 | 1,283 | 1,285 | 1,292 | 1,304 | 1,307 | 1,313 | 1,321 | 1,333 | |||||
Treasury Stock Common Shares | 1,711 | 1,706 | 1,697 | 1,688 | 1,673 | 1,667 | 1,660 | 1,648 | 164 | 163 | 163 | 161 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.25% | 6.00% | 44.20% | -1.31% | -7.87% | 7.96% | 10.12% | 41.87% | 35.59% | - | - | - |
| 2025 | -3.72% | -4.56% | 6.75% | 6.13% | -6.15% | -21.10% | 18.22% | 25.34% | 42.79% | 0.93% | 43.23% | 54.68% |
| 2024 | 16.81% | 29.36% | 27.05% | 9.78% | 15.87% | 3.11% | 4.50% | 13.30% | -1.08% | -2.73% | -8.37% | -11.88% |
| 2023 | - | - | - | - | - | - | 14.48% | 19.43% | 24.48% | 1.99% | -3.94% | -3.02% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.54 | 2.26 | 2.21 | 2.21 | 2.45 | 2.54 | 2.53 | 2.97 | 2.82 | 3.06 | 3.06 | 3.16 | |||||
| Quick Ratio | 1.69 | 1.56 | 1.54 | 1.49 | 1.58 | 1.68 | 1.69 | 1.93 | 1.78 | 1.95 | 1.88 | 1.95 | |||||
| Working Capital | 8.05B | 7.80B | 8.10B | 7.95B | 7.97B | 8.26B | 8.15B | 8.54B | 8.06B | 8.78B | 8.75B | 9.04B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.96 | 1.11 | 1.15 | 1.16 | 1.10 | 1.25 | 1.31 | 1.20 | 1.28 | 1.28 | 1.30 | 1.29 | |||||
| Debt Ratio | 0.49 | 0.53 | 0.53 | 0.54 | 0.52 | 0.56 | 0.57 | 0.54 | 0.56 | 0.56 | 0.57 | 0.56 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.06 | 1.00 | 0.95 | 0.92 | 0.90 | 0.84 | 0.82 | 0.79 | 0.76 | 0.75 | 0.85 | 0.97 | |||||
| Days Sales Outstanding TTM | 61.96 | 60.33 | 61.20 | 58.38 | 57.85 | 67.69 | 67.28 | 65.41 | 70.04 | 86.39 | 85.06 | 74.74 | |||||
| Receivables Turnover TTM | 5.89 | 6.05 | 5.96 | 6.25 | 6.31 | 5.39 | 5.42 | 5.58 | 5.21 | 4.22 | 4.29 | 4.88 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.34 | 4.92 | 4.58 | 4.15 | 3.62 | 3.32 | 3.11 | 2.90 | 2.74 | 2.62 | 2.98 | 3.32 | |||||
| Free Cash Flow Per Share TTM | 4.80 | 4.95 | 4.39 | 4.21 | 2.96 | 3.15 | 3.72 | 3.24 | 3.47 | 3.70 | 3.40 | 3.45 | |||||
| Dividend Per Share TTM | 0.99 | 0.96 | 0.93 | 0.89 | 0.87 | 0.84 | 0.81 | 0.78 | 0.76 | 0.73 | 0.70 | 0.67 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 49.98% | 49.80% | 49.31% | 48.71% | 48.03% | 47.60% | 47.47% | 47.32% | 46.84% | 45.23% | 44.80% | 44.62% | |||||
| Operating Profit Margin TTM | 34.26% | 33.76% | 33.00% | 32.01% | 30.85% | 29.50% | 28.89% | 28.61% | 28.03% | 27.08% | 28.42% | 29.69% | |||||
| Net Profit Margin TTM | 30.94% | 30.22% | 29.66% | 29.06% | 27.19% | 26.49% | 26.02% | 25.68% | 25.35% | 24.15% | 25.08% | 25.88% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 26.53% | 26.85% | 25.66% | 23.68% | 20.33% | 13.21% | -1.55% | -14.48% | -24.48% | -24.84% | -12.00% | 1.17% | |||||
| Net Income Growth (1Y) | 44.00% | 44.71% | 43.23% | 39.98% | 29.04% | 24.16% | 2.12% | -15.14% | -26.59% | -32.52% | -18.12% | -2.05% | |||||
| EPS Growth (1Y) | 47.93% | 48.43% | 47.17% | 43.03% | 31.51% | 26.97% | 4.21% | -12.52% | -24.29% | -30.27% | -15.46% | 1.15% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 39.78 | 34.51 | 29.04 | 23.24 | 19.88 | 21.42 | 25.77 | 35.94 | 34.55 | 29.19 | 20.43 | 18.79 | |||||
| P/B TTM | 25.21 | 21.13 | 16.55 | 12.62 | 9.73 | 10.44 | 12.34 | 16.11 | 15.55 | 12.28 | 10.08 | 10.33 | |||||
| P/S TTM | 12.31 | 10.43 | 8.61 | 6.75 | 5.40 | 5.67 | 6.71 | 9.23 | 8.76 | 7.05 | 5.12 | 4.86 | |||||
| Market Cap | 266.83B | 214.40B | 168.71B | 124.50B | 92.59B | 91.95B | 104.55B | 137.56B | 124.73B | 100.94B | 81.14B | 84.78B | |||||
| Enterprise Value | 265.81B | 212.69B | 166.48B | 122.58B | 91.61B | 91.25B | 103.46B | 136.69B | 124.04B | 100.30B | 81.00B | 84.20B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 6.00B | 6.22B | 5.55B | 5.41B | 3.79B | 4.05B | 4.84B | 4.26B | 4.54B | 4.86B | 4.50B | 4.68B | |||||
| Net Debt | -1.02B | -1.71B | -2.23B | -1.92B | -978.63M | -695.12M | -1.09B | -864.52M | -690.30M | -641.74M | -141.83M | -575.83M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
LAM RESEARCH CORP (LRCX) — SEC Financial Statements & Analysis
LAM RESEARCH CORP (LRCX) is a special industry machinery, nec company, incorporated in DE. LAM RESEARCH CORP trades on Nasdaq as: LRCX. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), LAM RESEARCH CORP reported a 26.53% year-over-year revenue growth, a Gross Profit Margin of 49.98% (TTM), a Debt-to-Equity ratio of 0.96x, a Price-to-Sales (P/S) ratio of 12.31x (TTM), a Price-to-Book (P/B) ratio of 25.21 (TTM), at a market cap of $266.83B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 26.53%
- Gross Profit Margin TTM
- 49.98%
- Debt To Equity
- 0.96x
- P/S TTM
- 12.31x
- P/B TTM
- 25.21
- Market Cap
- $266.83B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is LAM RESEARCH CORP in?
LAM RESEARCH CORP (LRCX) operates in the Special Industry Machinery, NEC industry.
What is LRCX's market cap?
LAM RESEARCH CORP (LRCX) has a market capitalization of $266.83B as of 2026-03-31.
What is LRCX's P/E ratio?
LAM RESEARCH CORP (LRCX)'s trailing twelve month P/E ratio is 39.78x as of 2026-03-31.
What exchange does LRCX trade on?
LAM RESEARCH CORP (LRCX) trades on the Nasdaq.
Where is LAM RESEARCH CORP incorporated?
LAM RESEARCH CORP is incorporated in DE.