Lam Research

Information Technology Semiconductor Materials & Equipment Fremont, California Last filing Aug 7, 2026 · FY2026

                    Revenue
                    FY2026
                
$23.2B
                    3y CAGR +10.1%
                    
                    P47
                    
                    +26.0%
                    
                    Net income
                    FY2026
                
$7.3B
                    Net margin +31.3%
                    
                    P73
                    
                    +35.6%
                    
                    Total assets
                    FY2026
                
$23.5B
                    ROA +30.9%
                    
                    P87
                    
                    +10.2%
                    
                    Operating cash flow
                    FY2026
                
$5.9B
                    FCF margin +21.1%
                    
                    P40
                    
                    -5.1%

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 10 years

Total assets $23.5B

Total liabilities $11.1B

Shareholders equity $12.5B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	+9.9%	+13.2%	+13.7%	+14.4%	+8.2%	+16.8%	+27.4%	+24.0%	+89.8%	—
Accounts Receivable	+13.8%	+9.2%	+6.0%	+9.1%	+20.9%	+16.0%	+7.8%	-6.7%	+30.1%	—
Inventory	+14.8%	+16.9%	+19.2%	+25.5%	+26.3%	+21.5%	+15.5%	+11.8%	+52.2%	—
Prepaid Expenses	+8.8%	+10.7%	+6.3%	+4.4%	+12.2%	+1.6%	-9.2%	-17.2%	-24.5%	—
Total Current Assets	+6.1%	+6.0%	+5.0%	+6.4%	+6.1%	+6.3%	+5.9%	-3.2%	+0.1%	—
Property,Plant and Equipment	+17.6%	+17.1%	+17.8%	+18.1%	+19.2%	+17.4%	+16.0%	+24.3%	+31.6%	—
Intangible Assets	+18.5%	+20.3%	+23.1%	-13.8%	-24.3%	-24.7%	-25.7%	-27.3%	-22.7%	—
Other Noncurrent Assets	+32.6%	+34.5%	+34.7%	+41.1%	+42.0%	+44.7%	+44.3%	+32.6%	+52.2%	—
Total Assets	+7.6%	+7.3%	+6.4%	+7.6%	+7.2%	+7.0%	+6.3%	-0.5%	+2.9%	—
Liabilities
Accounts Payable	+12.1%	+7.9%	+4.1%	+0.2%	+16.8%	+15.6%	+8.4%	-10.0%	+10.0%	—
Accrued Liabilities	+10.3%	+12.0%	+9.3%	+12.9%	+15.3%	+15.4%	+9.5%	-1.2%	+35.1%	—
Deferred Revenue	+15.8%	+19.7%	+12.9%	+18.6%	+20.9%	+12.3%	-9.0%	-20.8%	+18.5%	—
Current Portion of Long Term Debt	-45.2%	-2.3%	-8.1%	-54.2%	-61.8%	-66.6%	-2.6%	-14.3%	-32.8%	—
Total Current Liabilities	+8.1%	+10.5%	+5.7%	+6.0%	+9.1%	+4.6%	+2.3%	-10.3%	+6.8%	—
Long Term Debt	+8.5%	+9.7%	+14.0%	+18.7%	+22.9%	+29.3%	+40.7%	+46.3%	+1.2%	—
Other Noncurrent Liabilities	+14.8%	+14.5%	+19.4%	+23.0%	+27.6%	+35.4%	+45.9%	+64.5%	+135.4%	—
Total Liabilities	+8.9%	+10.6%	+10.3%	+12.8%	+16.3%	+17.7%	+22.2%	+19.0%	+14.9%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+25.5%	+29.3%	+34.7%	-3.2%	-3.3%	-3.1%	-3.6%	-5.7%	-3.1%	—
Additional Paid In Capital	+5.2%	+5.1%	+5.0%	+4.9%	+4.9%	+4.8%	+4.6%	+4.7%	+5.1%	—
Retained Earnings	+21.1%	+21.1%	+21.8%	+23.4%	+24.2%	+23.8%	+22.6%	+26.1%	+32.2%	—
Treasury Stock	+22.2%	+23.2%	+24.6%	+26.7%	+30.2%	+31.6%	+35.4%	+49.1%	+50.4%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+6.9%	+4.7%	+3.3%	+3.1%	-1.6%	-3.0%	-8.8%	-17.2%	-4.6%	—
Total Liabilitiesand Equity	+7.6%	+7.3%	+6.4%	+7.6%	+7.2%	+7.0%	+6.3%	-0.5%	+2.9%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $23.2B

Operating income $8.2B

Net income $7.3B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	+12.6%	+11.0%	+9.3%	+13.8%	+16.5%	+16.2%	+7.8%	+9.8%	+38.2%	—
Expenses Cost of Revenue	+11.2%	+10.0%	+8.6%	+13.9%	+16.2%	+15.4%	+7.2%	+9.6%	+34.1%	—
Other Income Expense Gross Profit	+14.0%	+12.1%	+10.1%	+13.7%	+16.9%	+17.2%	+8.5%	+10.0%	+43.3%	—
Expenses Research and Development	+9.7%	+9.2%	+9.1%	+8.9%	+9.2%	+9.6%	+6.6%	+7.4%	+15.1%	—
Expenses Selling,General and Administrative	+6.2%	+4.9%	+3.8%	+3.8%	+5.8%	+5.6%	+0.7%	+2.6%	+14.2%	—
Expenses Other Operating Expenses	—	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	+8.4%	+7.7%	+7.3%	+7.3%	+7.9%	+8.1%	+4.4%	+5.5%	+14.7%	—
Other Income Expense Operating Income	+17.6%	+15.2%	+12.2%	+18.2%	+23.1%	+23.9%	+12.0%	+13.8%	+68.9%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	+18.4%	+16.0%	+13.4%	+18.9%	+23.4%	+24.6%	+12.4%	+16.2%	+74.0%	—
Income Tax Income Tax Expense	+27.3%	+23.1%	+24.6%	+31.8%	+38.8%	+41.9%	+41.6%	+49.7%	+576.9%	—
net Income net Income	+17.5%	+15.4%	+12.3%	+17.7%	+22.1%	+23.2%	+9.9%	+13.6%	+40.2%	—
net Income Comprehensive Income	+17.4%	+15.6%	+12.1%	+17.6%	+21.7%	+23.3%	+9.2%	+13.2%	+39.8%	—
Earnings Per Share Basic Eps	-6.4%	-10.9%	-16.7%	-17.4%	+25.7%	+27.0%	+14.1%	+17.2%	+40.7%	—
Earnings Per Share Diluted Eps	-5.1%	-9.5%	-15.3%	-15.7%	+28.8%	+30.6%	+17.8%	+21.8%	+42.5%	—
Earnings Per Share Weighted Average Shares Diluted	+23.9%	+27.6%	+32.5%	+39.6%	-5.2%	-5.7%	-6.7%	-6.7%	-1.6%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $5.9B

Investing cash flow $-922.2M

Financing cash flow $-5.7B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	+17.5%	+15.4%	+12.3%	+17.7%	+22.1%	+23.2%	+9.9%	+13.6%	+40.2%	—
Operating Activities Depreciation and Amortization	+4.1%	+2.9%	+2.3%	+1.8%	+1.7%	+0.0%	-4.4%	+0.4%	+6.4%	—
Operating Activities Stock Based Compensation	+11.1%	+10.9%	+10.0%	+11.4%	+11.6%	+10.1%	+8.1%	+11.7%	+14.8%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	-95.4%	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	—	-30.0%	-29.6%	-12.8%	—	—	-61.8%	-88.7%	-24.0%	—
Operating Activities net Cash From Operating Activities	+12.5%	+14.9%	+12.6%	+16.9%	+8.8%	+15.3%	+1.6%	+25.1%	+30.9%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	—	—	-45.7%	-42.4%	-8.5%	+9.3%	+2.2%	-22.9%	+110.7%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+10.2%	+8.8%	+9.3%	+8.9%	+9.4%	+13.8%	+8.8%	+8.1%	+17.0%	—
Financing Activities Other Financing Activities	—	-50.3%	—	—	-74.1%	—	-63.2%	—	-100.0%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
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%
Net margin	+31.3%	+29.1%	+25.7%	+25.9%	+26.7%	+26.7%	+22.4%	+22.7%	+21.5%	+21.2%
FCF margin	+21.1%	+29.4%	+28.6%	+26.8%	+14.8%	+22.1%	+19.1%	+29.8%	+21.5%	+23.4%
Growth
Revenue CAGR (3y)	+10.1%	+2.3%	+0.6%	+20.2%	+21.3%	+9.7%	+7.8%	+17.9%	+28.2%	+20.3%
Returns
ROE	+58.3%	+54.3%	+44.8%	+54.9%	+73.4%	+64.8%	+43.5%	+46.9%	+36.6%	+24.9%
ROA	+30.9%	+25.1%	+20.4%	+24.0%	+26.8%	+24.6%	+15.5%	+18.3%	+19.1%	+14.0%
ROIC	+67.9%	+66.7%	+48.8%	+57.9%	+61.5%	+60.6%	+38.5%	+40.1%	+55.1%	+25.0%
Liquidity
Current ratio	2.63x	2.21x	2.97x	3.16x	2.69x	3.30x	3.43x	3.61x	2.90x	3.10x
Quick ratio	1.84x	1.49x	1.93x	1.95x	1.72x	2.11x	2.22x	2.16x	2.12x	1.37x
Leverage
D/E	0.89x	1.16x	1.20x	1.29x	1.74x	1.64x	1.81x	1.56x	0.91x	0.75x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.99x	0.86x	0.80x	0.93x	1.00x	0.92x	0.69x	0.80x	0.89x	0.66x
Cash conversion cycle	+178d	+200d	+229d	+223d	+207d	+162d	+164d	+135d	+156d	+140d

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