“...pleasure and pain, they come and go and don't last... bear them patiently”
—Gita
Pathos InvestmentsEquity Research
Research  ›  Fact Sheets  ›  LRCX

LAM RESEARCH CORP

LISTEDNASDAQ
SYMBOLLRCX
SIC3559
STATE OF INC.DE
FISCAL YEAR ENDSJune 28
CIK707549

SPECIAL INDUSTRY MACHINERY, NEC · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2017–2026

REVENUES, NET INCOME AND FREE CASH FLOW BY FISCAL YEAR$ billions05101520252017201820192020202120222023202420252026RevenuesNet incomeFree cash flowEARNINGS AND DIVIDENDS PER SHARE$ per share0.002.004.006.002017201820192020202120222023202420252026EPS dilutedDividends per share

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).

CAPITALIZATION 6/28/26

($ millions)Amount%
Total debt3,72223.0
Stockholders' equity12,47177.0
Total capitalization16,193100.0

1,251,321,000 shares outstanding at 4 August 2026 (cover page of the 10-K filed 7 August 2026).

LONG-TERM DEBT 6/28/26

($ millions)Amount
Long-term debt, incl. current maturities3,722
Long-term debt, noncurrent3,722
Current maturities0

CAPITAL STOCK 6/28/26

Common shares authorized4,000,000,000
Common shares issued1,251,278,000
Treasury shares1,710,109,000
Par or stated value per share ($)0.001
Preferred stock ($ millions)0
Outstanding at 8/4/261,251,321,000

DIVIDENDS DECLARED/PAID

Fiscal yearPer share $Payout %
20261.0418.1
20250.9222.2
20240.8027.6
20230.6920.8
20220.6018.3

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware.

BUSINESS: Classified by the SEC under Standard Industrial Classification 3559, Special Industry Machinery, NEC. Large accelerated filer. Principal executive office: 4650 Cushing Blvd, Fremont, CA 94538. Fiscal year ends June 28. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)6/28/266/29/256/30/24
Revenues23,23318,43614,905
Cost of revenues11,5079,4577,853
Gross profit11,7258,9797,053
Research and development2,3762,0961,902
Selling, general and administrative1,150982868
Depreciation and amortization442386360
Operating income8,2005,9014,264
Interest expense157178185
Income before income taxes8,2625,9584,360
Income taxes997600532
Net income7,2655,3583,828
Earned per share, diluted ($)5.764.152.90
Dividends per share ($)1.040.920.80

CONSOLIDATED BALANCE SHEET

($ millions)6/28/266/29/25
Cash and equivalents5,5796,391
Receivables, net5,3403,378
Inventories4,2764,308
Total current assets15,61114,517
Property, plant and equipment, net2,9362,406
Goodwill1,6301,630
Total assets23,53021,345
Total current liabilities5,9376,568
Long-term debt3,7223,720
Total liabilities11,05911,484
Stockholders' equity12,4719,862
Total liabilities and equity23,53021,345

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year endedRevenuesOper. incomeNet incomeNet margin %EPS diluted $Div. per share $Oper. cash flowCapital expend.Free cash flowTotal assetsTotal liabilitiesTotal debtStockholders' equityROE %Debt / equity
6/28/2623,2338,2007,26531.35.761.045,8589664,89123,53011,0593,72212,47158.30.30
6/29/2518,4365,9015,35829.14.150.926,1737595,41421,34511,4844,4699,86254.30.45
6/30/2414,9054,2643,82825.72.900.804,6523974,25618,74510,2054,9678,53944.80.58
6/25/2317,4295,1754,51125.93.320.695,1795024,67718,78210,5714,9658,21054.90.60
6/26/2217,2275,3824,60526.73.280.603,1005462,55417,19610,9174,9626,27873.40.79
6/27/2114,6264,4823,90826.72.690.523,5883493,23915,8929,8654,9616,02764.80.82
6/28/2010,0452,6742,25222.41.510.462,1262031,92314,5599,3765,7955,17243.51.12
6/30/199,6542,4652,19122.71.370.443,1763032,87312,0017,2784,4304,67446.90.95
6/24/1811,0773,2132,38121.51.320.262,6562732,38212,4795,8992,3696,50236.60.36
6/25/178,0141,9021,69821.20.920.172,0291571,87212,1235,1352,6876,81724.90.39

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

LAM RESEARCH CORP
CIK 707549 · EIN 94-2634797

PRINCIPAL OFFICE:

4650 Cushing Blvd, Fremont, CA 94538
Tel.: 5106590200

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

3559 · Special Industry Machinery, NEC

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 6/28/26, filed 7 August 2026

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/24/26DEF 14Aperiod 11/3/26
8/27/268-Kperiod 8/24/26
8/7/2610-Kperiod 6/28/26
7/29/268-Kperiod 7/29/26
4/23/2610-Qperiod 3/29/26
4/22/268-Kperiod 4/22/26
2/3/268-Kperiod 1/30/26
1/29/2610-Qperiod 12/28/25

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 8/7/26) · 10-K FY2025 (filed 8/11/25) · 10-K FY2024 (filed 8/29/24) · 10-K FY2023 (filed 8/15/23) · 10-K FY2022 (filed 8/24/22) · 10-K FY2021 (filed 8/17/21) · 10-K FY2020 (filed 8/18/20) · 10-K FY2019 (filed 8/20/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.

Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.

Data from SEC filings  ·  Educational only  ·  Not investment advice