LRCX

Updated: Mar 12, 2026 11:30 AM

Lam Research Corp

Market Cap: $293.77B P/S: 55x Ownership — Insider: 0.3% | Institutional: 88.8% | Retail: 10.8% TECHNOLOGY SEMICONDUCTOR EQUIPMENT & MATERIALS

Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -18.44B                   -9.22B                     0.00B                     9.22B                    18.44B
               |                         |                         |                         |                         |

  2006-06-30 |                                                     |  1.64B
  2007-06-30 |                                                     |  2.57B
  2008-06-30 |                                                     |  2.47B
  2009-06-30 |                                                    |  1.12B
  2010-06-30 |                                                     |  2.13B
  2011-06-30 |                                                     |  3.24B
  2012-06-30 |                                                     |  2.67B
  2013-06-30 |                                                     |  3.60B
  2014-06-30 |                                                     |  4.61B
  2015-06-30 |                                                     |  5.26B
  2016-06-30 |                                                     |  5.89B
  2017-06-30 |                                                     |  8.01B
  2018-06-30 |                                                     |  11.08B
  2019-06-30 |                                                     |  9.65B
  2020-06-30 |                                                     |  10.04B
  2021-06-30 |                                                     |  14.63B
  2022-06-30 |                                                     |  17.23B
  2023-06-30 |                                                     |  17.43B
  2024-06-30 |                                                     |  14.91B
  2025-06-30 |                                                     | 18.44B

               |                         |                         |                         |                         |
               -18.44B                   -9.22B                     0.00B                     9.22B                    18.44B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              20/20 dates (100%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     2.41B                     4.83B                     7.24B                     9.65B
               |                         |                         |                         |                         |

  2006-06-30 |  0.82B
  2007-06-30 |  1.26B
  2008-06-30 |  1.30B
  2009-06-30 |  0.73B
  2010-06-30 |  1.16B
  2011-06-30 |  1.74B
  2012-06-30 |  1.58B
  2013-06-30 |  2.20B
  2014-06-30 |  2.60B
  2015-06-30 |  2.97B
  2016-06-30 |  3.27B
  2017-06-30 |  4.41B
  2018-06-30 |  5.91B
  2019-06-30 |  5.30B
  2020-06-30 |  5.44B
  2021-06-30 |  7.82B
  2022-06-30 |  9.36B
  2023-06-30 |  9.65B
  2024-06-30 |  7.85B
  2025-06-30 |  9.46B

               |                         |                         |                         |                         |
               0.00B                     2.41B                     4.83B                     7.24B                     9.65B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -6.39B                    -3.20B                     0.00B                     3.20B                     6.39B
               |                         |                         |                         |                         |

  2006-06-30 |                                                     |  0.91B
  2007-06-30 |                                                     |  0.82B
  2008-06-30 |                                                     |  0.73B
  2009-06-30 |                                                    |  0.37B
  2010-06-30 |                                                     |  0.55B
  2011-06-30 |                                                     |  1.49B
  2012-06-30 |                                                     |  1.56B
  2013-06-30 |                                                     |  1.30B
  2014-06-30 |                                                     |  1.45B
  2015-06-30 |                                                     |  2.60B
  2016-06-30 |                                                     |  5.04B
  2017-06-30 |                                                     |  2.69B
  2018-06-30 |                                                     |  4.51B
  2019-06-30 |                                                     |  4.49B
  2020-06-30 |                                                     |  5.81B
  2021-06-30 |                                                     |  5.00B
  2022-06-30 |                                                     |  5.01B
  2023-06-30 |                                                     |  5.34B
  2024-06-30 |                                                     |  5.85B
  2025-06-30 |                                                     | 6.39B

               |                         |                         |                         |                         |
               -6.39B                    -3.20B                     0.00B                     3.20B                     6.39B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -6.17B                    -3.09B                     0.00B                     3.09B                     6.17B
               |                         |                         |                         |                         |

  2006-06-30 |                                                     |  0.36B
  2007-06-30 |                                                     |  0.82B
  2008-06-30 |                                                     |  0.59B
  2009-06-30 |                                                    |  -0.08B
  2010-06-30 |                                                     |  0.35B
  2011-06-30 |                                                     |  0.88B
  2012-06-30 |                                                     |  0.50B
  2013-06-30 |                                                     |  0.72B
  2014-06-30 |                                                     |  0.72B
  2015-06-30 |                                                     |  0.79B
  2016-06-30 |                                                     |  1.35B
  2017-06-30 |                                                     |  2.03B
  2018-06-30 |                                                     |  2.66B
  2019-06-30 |                                                     |  3.18B
  2020-06-30 |                                                     |  2.13B
  2021-06-30 |                                                     |  3.59B
  2022-06-30 |                                                     |  3.10B
  2023-06-30 |                                                     |  5.18B
  2024-06-30 |                                                     |  4.65B
  2025-06-30 |                                                     | 6.17B

               |                         |                         |                         |                         |
               -6.17B                    -3.09B                     0.00B                     3.09B                     6.17B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     5.34B                    10.67B                    16.01B                    21.35B
               |                         |                         |                         |                         |

  2006-06-30 |  2.31B
  2007-06-30 |  2.10B
  2008-06-30 |  2.81B
  2009-06-30 |  1.95B
  2010-06-30 |  2.49B
  2011-06-30 |  4.06B
  2012-06-30 |  8.00B
  2013-06-30 |  7.25B
  2014-06-30 |  7.99B
  2015-06-30 |  9.36B
  2016-06-30 |  12.27B
  2017-06-30 |  12.12B
  2018-06-30 |  12.48B
  2019-06-30 |  12.00B
  2020-06-30 |  14.56B
  2021-06-30 |  15.89B
  2022-06-30 |  17.20B
  2023-06-30 |  18.78B
  2024-06-30 |  18.74B
  2025-06-30 |  21.35B

               |                         |                         |                         |                         |
               0.00B                     5.34B                    10.67B                    16.01B                    21.35B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for LRCX (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -9.86B                    -4.93B                     0.00B                     4.93B                     9.86B
               |                         |                         |                         |                         |

  2006-06-30 |                                                     |  1.40B
  2007-06-30 |                                                     |  1.18B
  2008-06-30 |                                                     |  1.78B
  2009-06-30 |                                                   |  1.45B
  2010-06-30 |                                                     |  1.77B
  2011-06-30 |                                                     |  2.47B
  2012-06-30 |                                                     |  5.32B
  2013-06-30 |                                                     |  4.68B
  2014-06-30 |                                                     |  5.21B
  2015-06-30 |                                                     |  5.34B
  2016-06-30 |                                                     |  6.10B
  2017-06-30 |                                                     |  6.99B
  2018-06-30 |                                                     |  6.58B
  2019-06-30 |                                                     |  4.72B
  2020-06-30 |                                                     |  5.81B
  2021-06-30 |                                                     |  6.03B
  2022-06-30 |                                                     |  6.28B
  2023-06-30 |                                                     |  8.21B
  2024-06-30 |                                                     |  8.54B
  2025-06-30 |                                                     | 9.86B

               |                         |                         |                         |                         |
               -9.86B                    -4.93B                     0.00B                     4.93B                     9.86B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     1.34B                     2.67B                     4.01B                     5.34B
               |                         |                         |                         |                         |

  2019-12-31 |  2.58B
  2020-03-31 |  2.50B
  2020-06-30 |  2.79B
  2020-09-30 |  3.18B
  2020-12-31 |  3.46B
  2021-03-31 |  3.85B
  2021-06-30 |  4.15B
  2021-09-30 |  4.30B
  2021-12-31 |  4.23B
  2022-03-31 |  4.06B
  2022-06-30 |  4.64B
  2022-09-30 |  5.07B
  2022-12-31 |  5.28B
  2023-03-31 |  3.87B
  2023-06-30 |  3.21B
  2023-09-30 |  3.48B
  2023-12-31 |  3.76B
  2024-03-31 |  3.79B
  2024-06-30 |  3.87B
  2024-09-30 |  4.17B
  2024-12-31 |  4.38B
  2025-03-31 |  4.72B
  2025-06-30 |  5.17B
  2025-09-30 |  5.32B
  2025-12-31 |  5.34B

               |                         |                         |                         |                         |
               0.00B                     1.34B                     2.67B                     4.01B                     5.34B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.73B                     1.45B                     2.18B                     2.90B
               |                         |                         |                         |                         |

  2019-12-31 |  1.40B
  2020-03-31 |  1.34B
  2020-06-30 |  1.51B
  2020-09-30 |  1.67B
  2020-12-31 |  1.85B
  2021-03-31 |  2.07B
  2021-06-30 |  2.23B
  2021-09-30 |  2.33B
  2021-12-31 |  2.25B
  2022-03-31 |  2.24B
  2022-06-30 |  2.54B
  2022-09-30 |  2.74B
  2022-12-31 |  2.90B
  2023-03-31 |  2.26B
  2023-06-30 |  1.75B
  2023-09-30 |  1.83B
  2023-12-31 |  2.00B
  2024-03-31 |  1.99B
  2024-06-30 |  2.03B
  2024-09-30 |  2.17B
  2024-12-31 |  2.30B
  2025-03-31 |  2.41B
  2025-06-30 |  2.58B
  2025-09-30 |  2.64B
  2025-12-31 |  2.69B

               |                         |                         |                         |                         |
               0.00B                     0.73B                     1.45B                     2.18B                     2.90B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     1.67B                     3.35B                     5.02B                     6.69B
               |                         |                         |                         |                         |

  2019-12-31 |  4.42B
  2020-03-31 |  5.09B
  2020-06-30 |  5.81B
  2020-09-30 |  5.83B
  2020-12-31 |  5.83B
  2021-03-31 |  5.82B
  2021-06-30 |  5.00B
  2021-09-30 |  5.00B
  2021-12-31 |  5.09B
  2022-03-31 |  5.01B
  2022-06-30 |  5.22B
  2022-09-30 |  5.00B
  2022-12-31 |  5.00B
  2023-03-31 |  5.31B
  2023-06-30 |  5.34B
  2023-09-30 |  5.13B
  2023-12-31 |  5.62B
  2024-03-31 |  5.67B
  2024-06-30 |  5.85B
  2024-09-30 |  6.07B
  2024-12-31 |  5.67B
  2025-03-31 |  5.45B
  2025-06-30 |  6.39B
  2025-09-30 |  6.69B
  2025-12-31 |  6.18B

               |                         |                         |                         |                         |
               0.00B                     1.67B                     3.35B                     5.02B                     6.69B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     0.64B                     1.28B                     1.92B                     2.55B
               |                         |                         |                         |                         |

  2019-12-31 |  0.31B
  2020-03-31 |  0.54B
  2020-06-30 |  0.81B
  2020-09-30 |  0.64B
  2020-12-31 |  0.34B
  2021-03-31 |  1.17B
  2021-06-30 |  1.44B
  2021-09-30 |  0.46B
  2021-12-31 |  1.44B
  2022-03-31 |  0.76B
  2022-06-30 |  0.44B
  2022-09-30 |  1.19B
  2022-12-31 |  1.14B
  2023-03-31 |  1.73B
  2023-06-30 |  1.12B
  2023-09-30 |  0.95B
  2023-12-31 |  1.45B
  2024-03-31 |  1.38B
  2024-06-30 |  0.86B
  2024-09-30 |  1.57B
  2024-12-31 |  0.74B
  2025-03-31 |  1.31B
  2025-06-30 |  2.55B
  2025-09-30 |  1.78B
  2025-12-31 |  1.48B

               |                         |                         |                         |                         |
               0.00B                     0.64B                     1.28B                     1.92B                     2.55B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     5.48B                    10.95B                    16.43B                    21.90B
               |                         |                         |                         |                         |

  2019-12-31 |  11.91B
  2020-03-31 |  12.94B
  2020-06-30 |  14.56B
  2020-09-30 |  15.06B
  2020-12-31 |  15.37B
  2021-03-31 |  15.28B
  2021-06-30 |  15.89B
  2021-09-30 |  15.57B
  2021-12-31 |  16.69B
  2022-03-31 |  16.59B
  2022-06-30 |  17.20B
  2022-09-30 |  18.72B
  2022-12-31 |  19.21B
  2023-03-31 |  19.24B
  2023-06-30 |  18.78B
  2023-09-30 |  18.54B
  2023-12-31 |  18.78B
  2024-03-31 |  18.28B
  2024-06-30 |  18.74B
  2024-09-30 |  19.53B
  2024-12-31 |  19.84B
  2025-03-31 |  19.97B
  2025-06-30 |  21.35B
  2025-09-30 |  21.90B
  2025-12-31 |  21.39B

               |                         |                         |                         |                         |
               0.00B                     5.48B                    10.95B                    16.43B                    21.90B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for LRCX (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                     2.55B                     5.10B                     7.64B                    10.19B
               |                         |                         |                         |                         |

  2019-12-31 |  4.42B
  2020-03-31 |  5.09B
  2020-06-30 |  5.81B
  2020-09-30 |  5.83B
  2020-12-31 |  5.83B
  2021-03-31 |  5.82B
  2021-06-30 |  6.03B
  2021-09-30 |  5.82B
  2021-12-31 |  6.48B
  2022-03-31 |  6.03B
  2022-06-30 |  6.28B
  2022-09-30 |  7.41B
  2022-12-31 |  8.30B
  2023-03-31 |  8.41B
  2023-06-30 |  8.21B
  2023-09-30 |  8.05B
  2023-12-31 |  8.22B
  2024-03-31 |  8.02B
  2024-06-30 |  8.54B
  2024-09-30 |  8.47B
  2024-12-31 |  8.81B
  2025-03-31 |  9.51B
  2025-06-30 |  9.86B
  2025-09-30 |  10.19B
  2025-12-31 |  10.15B

               |                         |                         |                         |                         |
               0.00B                     2.55B                     5.10B                     7.64B                    10.19B

Price History

Volume

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