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LRCX · Lam Research Corp · Financials

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$229.96 -0.19 (-0.08%)
Market Cap
$287.50B
Shares
1.25B
Volume · Oct 23 8.03M Avg daily vol (3M) 9.55M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$23.23B +26%
FY2026 Revenue FY2009–FY2026
Net Income
$7.27B +35.6%
FY2026 Net Income FY2009–FY2026
Gross Margin
50.47% +1.8pp
FY2026 Gross Margin FY2009–FY2026
Operating Margin
35.29% +3.3pp
FY2026 Operating Margin FY2009–FY2026
Diluted EPS
$5.76 +38.8%
FY2026 Diluted EPS FY2009–FY2026
Operating Cash Flow
$5.86B -5.1%
FY2026 Operating Cash Flow FY2009–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$26.13B $23.23B $18.44B $14.91B $17.43B $17.23B $14.63B $10.04B $9.65B $11.08B $8.01B $5.89B $5.26B $4.61B $3.6B $2.67B $3.24B $2.13B $1.12B
— $11.51B $9.46B $7.85B $9.65B $9.36B $7.82B $5.44B $5.3B $5.91B $4.41B $3.27B $2.97B $2.6B $2.2B $1.58B $1.74B $1.16B $727.21M
$13.34B $11.73B $8.98B $7.05B $7.78B $7.87B $6.81B $4.61B $4.36B $5.17B $3.6B $2.62B $2.28B $2.01B $1.4B $1.08B $1.5B $969.94M $388.73M
— 50.47% 48.71% 47.32% 44.62% 45.69% 46.53% 45.88% 45.15% 46.63% 44.97% 44.49% 43.43% 43.57% 38.99% 40.68% 46.24% 45.46% 34.83%
$2.47B $2.38B $2.1B $1.9B $1.73B $1.6B $1.49B $1.25B $1.19B $1.19B $1.03B $913.71M $825.24M $716.47M $683.69M $444.56M $373.29M $320.86M $288.27M
$1.22B $1.15B $981.7M $868.25M $832.75M $885.74M $829.88M $682.48M $702.41M $762.22M $667.49M $630.95M $591.61M $613.34M $601.3M $401.78M $308.08M $240.94M $233.06M
— — — $56.3M $51.5M $78M $70.6M $66.2M $127.3M $161.2M $154.6M $156.3M $157.7M $163.2M $177.6M $26.9M $21M $23.9M —
$461.96M $441.53M $386.28M $359.7M $342.43M $333.74M $307.15M $268.53M $309.28M $326.4M $306.91M $291.03M $277.92M $292.25M $304.12M $100.83M $74.76M $71.4M $72.42M
— — — $61.56M $120.32M — — — — — — — — — $1.81M $866K $11.58M $24.75M $65.51M
$3.68B $3.53B $3.08B $2.79B $2.6B $2.49B $2.32B $1.93B $1.89B $1.95B $1.7B $1.54B $1.5B $1.33B $1.28B $846.34M $692.95M $544.53M $669.98M
$9.65B $8.2B $5.9B $4.26B $5.17B $5.38B $4.48B $2.67B $2.46B $3.21B $1.9B $1.07B $788.04M $677.67M $118.07M $237.73M $804.29M $425.41M -$281.24M
— 35.29% 32.01% 28.61% 29.69% 31.24% 30.64% 26.62% 25.53% 29.01% 23.74% 18.25% 14.98% 14.71% 3.28% 8.92% 24.84% 19.94% -25.2%
$10.12B $8.64B $6.29B $4.62B $5.52B $5.72B $4.79B $2.94B $2.77B $3.54B $2.21B $1.37B $1.07B $969.92M $422.19M $338.56M $879.04M $496.81M -$208.83M
$151.17M $156.88M $178.2M $185.24M $186.46M $184.76M $208.6M $177.44M $117.26M $97.39M $117.73M $134.77M $73.68M $61.69M $60.41M $38.96M $5.38M $994K $6.5M
$182.11M $196.19M $231.33M $251.94M $138.98M $15.21M $19.69M $85.43M $98.77M $85.81M $57.86M $29.51M $19.27M $12.54M $14.74M $12.14M $9.89M $8.68M $24.28M
$61.1M $62.68M $57.16M $96.31M -$65.65M -$188.71M -$111.22M -$98.82M -$18.16M -$61.51M -$90.46M -$114.14M -$47.19M -$37.4M -$51.41M -$33.32M -$3.41M $4.73M $18.15M
$9.72B $8.26B $5.96B $4.36B $5.11B $5.19B $4.37B $2.57B $2.45B $3.15B $1.81B $960.12M $740.85M $723.36M $66.66M $204.42M $800.88M $430.14M -$263.09M
$1.27B $997.08M $599.91M $532.45M $598.28M $587.83M $462.35M $323.23M $255.14M $771.11M $113.91M $46.07M $85.27M $91.07M -$47.22M $35.7M $77.13M $83.47M $39.06M
$8.45B $7.27B $5.36B $3.83B $4.51B $4.61B $3.91B $2.25B $2.19B $2.38B $1.7B $914.05M $655.58M $632.29M $113.88M $168.72M $723.75M $346.67M -$302.15M
— 31.27% 29.06% 25.68% 25.88% 26.73% 26.72% 22.42% 22.7% 21.49% 21.19% 15.53% 12.47% 13.72% 3.16% 6.33% 22.35% 16.25% -27.08%
$8.4B $7.2B $5.43B $3.8B $4.52B $4.56B $3.94B $2.22B $2.18B $2.38B $1.71B $902.51M $626.44M $632.33M $119M $125.14M $803.36M $329.64M —
USD/shares $6.75 $5.79 $4.17 $2.91 $3.33 $3.29 $2.72 $1.56 $1.44 $1.47 $1.05 $0.58 $0.41 $0.38 $0.07 $0.14 $0.59 $0.27 -$0.24
USD/shares $6.71 $5.76 $4.15 $2.90 $3.32 $3.28 $2.69 $1.51 $1.37 $1.32 $0.92 $0.52 $0.37 $0.36 $0.07 $0.14 $0.58 $0.27 -$0.24
shares — 1.26B 1.29B 1.31B 1.35B 1.4B 1.44B 1.45B 1.52B 1.62B 1.62B 1.59B 1.6B 1.65B 1.69B 1.24B 1.24B 1.27B 1.26B
shares — 1.26B 1.29B 1.32B 1.36B 1.41B 1.45B 1.49B 1.6B 1.81B 1.84B 1.75B 1.77B 1.75B 1.73B 1.25B 1.25B 1.28B 1.26B
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2026: $30.35B in buybacks, $8.08B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current long-term debt and lease obligations 2026-09-27 USD 3,486,000 10-Q filed 2026-10-22
Noncurrent long-term debt and lease obligations 2026-09-27 USD 3,731,958,000 10-Q filed 2026-10-22
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

1.900% Senior Notes due June 15, 2030

Note · Lam Research Corporation

Reference: 1.900% Senior Notes due June 15, 2030

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 15, 2030

Last reported interest terms: 1.9% Reported 2020-05-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-05-05 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-05-05
    On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Issuer evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: The Company will pay interest on the 2030 Notes on June 15 and December 15 of each year, beginning on December 15, 2020. The 2030 Notes will mature on June 15, 2030. Before March 15, 2030, the Company may redeem the 2030 Notes at a redemption price equal to 100% of the principal amount of such series (“par”), plus a “make whole” premium as described in the Indenture and accrued and unpaid interest. At any time on or after March 15, 2030, the Company may redeem the 2030 Notes at par, plus accrued and unpaid interest.
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).

2.875% Senior Notes due June 15, 2050

Note · Lam Research Corporation

Reference: 2.875% Senior Notes due June 15, 2050

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 15, 2050

Last reported interest terms: 2.875% Reported 2020-05-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-05-05 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-05-05
    On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Issuer evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: The Company will pay interest on the 2050 Notes on June 15 and December 15 of each year, beginning on December 15, 2020. The 2050 Notes will mature on June 15, 2050. Before December 15, 2049, the Company may redeem the 2050 Notes at a redemption price equal to par, plus a “make whole” premium as described in the Indenture and accrued and unpaid interest. At any time on or after December 15, 2049, the Company may redeem the 2050 Notes at par, plus accrued and unpaid interest.
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).

3.125% Senior Notes due June 15, 2060

Note · Lam Research Corporation

Reference: 3.125% Senior Notes due June 15, 2060

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 15, 2060

Last reported interest terms: 3.125% Reported 2020-05-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-05-05 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-05-05
    On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Issuer evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: The Company will pay interest on the 2060 Notes on June 15 and December 15 of each year, beginning on December 15, 2020. The 2060 Notes will mature on June 15, 2060. Before December 15, 2059, the Company may redeem the 2060 Notes at a redemption price equal to par, plus a “make whole” premium as described in the Indenture and accrued and unpaid interest. At any time on or after December 15, 2059, the Company may redeem the 2060 Notes at par, plus accrued and unpaid interest.
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).
    Supporting evidence: On May 5, 2020, Lam Research Corporation (the “Company”) completed a public offering under the Company’s Registration Statement on Form S-3 (SEC Registration No. 333-229762) (the “Registration Statement”) of (i) $750,000,000 aggregate principal amount of the Company’s 1.900% Senior Notes due June 15, 2030 (the “2030 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 2.875% Senior Notes due June 15, 2050 (the “2050 Notes”) and (iii) $500,000,000 aggregate principal amount of the Company’s 3.125% Senior Notes due June 15, 2060 (the “2060 Notes” and, together with the 2030 Notes and the 2050 Notes, the “notes”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
10.93×
EV/EBIT
29.59×
P/E (TTM)
34.30×
Peer median 40.39×

Peer medians compare against the 3 similar-size Semiconductor Equipment & Materials companies (of 31 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023
Reportable Segment $23,232,690,000 $18,435,591,000 $14,905,386,000 $17,428,516,000

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
China $7,859,811,000 $6,205,062,000 $6,293,990,000 $4,462,663,000 $5,411,502,000 $5,137,886,000 $3,083,916,000 $2,161,440,000
Taiwan $5,222,915,000 $3,445,220,000 $1,671,815,000 $3,477,862,000 $2,936,482,000 $2,117,999,000 $1,906,223,000 $1,596,261,000
South Korea $4,505,327,000 $4,127,766,000 $2,874,015,000 $3,551,742,000 $4,037,467,000 $3,924,685,000 $2,391,257,000 $2,205,348,000
Japan $2,171,088,000 $1,880,882,000 $1,460,429,000 $1,758,364,000 $1,624,573,000 $1,363,907,000 $954,743,000 $1,969,869,000
United States $1,528,912,000 $1,376,857,000 $1,104,087,000 $1,665,136,000 $1,147,346,000 $672,716,000 $812,482,000 $748,601,000
South East Asia $1,245,931,000 $837,242,000 $794,054,000 $1,354,471,000 $1,357,648,000 $945,478,000 $587,638,000 $615,813,000
Europe $698,706,000 $562,562,000 $706,996,000 $1,158,278,000 $712,021,000 $463,479,000 $308,477,000 $356,227,000

By Product & Service (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
System $14,885,488,000 $11,491,280,000 $8,921,643,000 $10,695,897,000 $11,322,271,000 $9,764,845,000 $6,625,130,000 $6,451,104,000
Customer Support and Other $8,347,202,000 $6,944,311,000 $5,983,743,000 $6,732,619,000 $5,904,768,000 $4,861,305,000 $3,419,606,000 $3,202,455,000
Key facts CIK 707549 CUSIP 512807306 13F (30d) 847 filings 812 filers Visit website Investor relations